THE KOG REPORT - Update:

Yesterday we said we would be looking for price to target that 2050-52 with a potential for a bounce. During the day we activated another short which told us to play caution and instead, stick with the weekly and daily bias targets below.

We have now completed the weekly - 2055 and 2037 and the daily - 2052 and 2045. No we can see the lower order region playing the price with extension into the 2020-24 region which will need to hold for price to attempt the 2045 and above that 2050 region.

We have NFP on Friday so pre-event price action usually entails a range close to the short term MA's which are all sitting above. Too low to short this here, lets see if can tap and bounce support in the coming sessions.

As always, trade safe

KOG