THE KOG REPORT - Update

End of day update from us here at KOG:

We've managed to capture a decent short trade with partials taken and the trade protected, but now we're experiencing the pre-event range up in this price range. For that reason, we will stick with the plan for now as long as the 2295-7 level holds down price, looking for a gradual move lower in to the support regions.

Support level 2285 needs to break with lower support 2275 a key level! If targeted a potential bounce for the scalp could be available, but with NFP looming, it's hardly worth getting involved in the markets now, unless you're already in.

We're not saying it's not bullish, we're saying we want lower pricing to get back in, otherwise, shorts are the preference.

We'll be back tomorrow with the usual NFP KOG Report and our view for the release.

As always, trade safe,

KOG