THE KOG REPORT - Update

21 ส.ค.End of day update from us here at KOG:

We had a decent move today with last nights resistance holding price at 2520 giving the opportunity to short into the bias level targets 2500 and 2497. Unfortunately, we didn't get the short from that higher level that we wanted, but managed to get something out of it. We've now corrected the move back up into the order region with the same resistance level active, as shown on the chart.

With Jackson Hole looming and tomorrow being a day with potential volume, we would say play caution now as they may want to accumulate again here, swoop the high, then come back down again. If they fail to break above, you can see the path continue to the downside as projected in the KOG Report. We would now say stand aside, wait for the break in either direction.

Resistance levels - 2510 / 2515 / 2520 / 2524
Support levels - 2505 (needs to break)

We have linked the previous post on Jackson Hole below, please have a good look and prepare yourself for what's potentially to come. Please don't treat it like you're everyday market condition, and please trade sensibly.

As always, trade safe.

KOG