THE KOG REPORT - Update
End of day update from us here at KOG:
We could have got more!
Yes, we could have ran more on that trade idea but the move worked well and all of our red box targets were completed and exceeded. We got to a point where it was a little too stretched to attempt going long again and due to the break above the target level, shorting was no option.
Now, we have support at the 4606 level and resistance at the 4640 region which are the levels that need to be watched. We can see higher, but at the moment, I'm not confident in going long up here, short only from resistance levels on indi's. 4580 is the level to watch for the break below.
As always, trade safe.
KOG