End of week update from us here at KOG:
It's been a good week on the markets with us managing to trade this down and then up again but only into the 2645 level which is where we wanted to see a reaction.
Unfortunately, that reaction was small
and flipped resistance, so we told traders
to protect and take partials and leave the
markets there. Since then, we have activated
and completed 2 long targets but we're
just too stretched now to even consider
anything.
We've highlighted 3 levels of interest here
for the close, with the high at a potential
2670-75 region, if attempted. If we can see
a reversal around here, we should see this
attempt to close around the 2645-50 region.Either way, not worth getting involved with,we'll wait for the close and make a plan for next week.
Wishing you all a great weekend ahead and
we'll see you on Sunday for the KOG Report.
As always, trade safe.