THE KOG REPORT - Update

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End of day update from us here at KOG:

Removed the lower path to clean up the chart a little. As expected, one of those resistance levels was going to give a reaction in price and as anticipated, due to the price being at all time highs, we had to give a take pips either side. In either case, resistance held for the short into the support region 2230 as mentioned but we've just missed 2220. We managed to identify the immediate level for the short to trade it level to level, and the bounce for the long for a quick capture. The order region now stands at 2250-55 and we're sitting slightly below, so resistance now needs to hold for us to go lower. Breaking above, and we'll clear some stops from above, before another attempt to target that 2220 region.

Support - 2225 / 2215 / 2207
Resistance - 2245 / 2247 / 2250 / 2255

It's bank holiday in the UK, normal business resumes from tomorrow. Expect some fireworks!

As always, trade safe.

KOG