THE KOG REPORT - Update

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.

KOG