THE KOG REPORT - Update

End of day update from us here at KOG:

Yesterday we wanted price to attack that support and RIP giving us the move upside into ATH and the Excalibur targets we had active. This worked well for us and the wider community, so well done if you followed. We later gave our bias levels and on first attempt 2930 bounced well giving a 100pip move, however, when we saw that 2940 wasn't breaking, we suggested traders don't attempt 2930 again, rather wait lower for support to give another opportunity to long, which is happening now.

We now have resistance at the 2930-33 region which needs to break to go higher, otherwise, an overnight Asia session move can bring us down into that 2915-12 region before another opportunity to take a long trade.

It's a choppy market, obviously waiting for some news this week to drive it to extreme levels, so please play caution, stick to your risk model no matter what!

As always, trade safe.

KOG