THE KOG REPORT - Update:

١٦ يناير

End of day update from us here at KOG:

We posted the report yesterday suggesting the move into the order region which, for anyone who shorted gave a decent return. We were expecting a reaction in price there and managed to pin point an entry long, giving traders an opportunity to capture nearly 100pips on the bounce, before suggesting we protect and take a majority of the trade.

So now that flips the order region again, turning in to new resistance with the new intra-day support level being 2018-20 where we may see an attempt in the early session. If held, there is a chance we will start a new range here playing the 2030-35 resistance until we potentially see a deeper move downside into the 2005-08 region.

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As always, trade safe.

KOG