THE KOG REPORT - Update

٢٤ مايو

End of day update from us here at KOG:

Yesterday we were looking for price to fall below into the levels of 2330 and below that the extension level 2325-7 which we got and managed to bag a nice long trade up into the first target level 2345 which is where we told traders to protect their trades and take a majority. We wanted higher, however, there was something on the chart not looking quite right so even though we've identified the short from above, we haven't taken the trade due to it being late session and a Friday.

So, what now?

We eagerly await the close, price supporting the 2335-30 level again will give us the push upside in attempt to close above 2345, while the structure is looking weak and a little bit of volume here before the close can break this support and close us more towards the 2310 region.

Either way, too late in the day to do anything, we'll be back on Sunday with the KOG Report and our view for the week ahead. Wishing all our followers a fantastic weekend.

As always, trade safe.

KOG