THE KOG REPORT - Update (Long target complete)

May 14

End of day update from us here at KOG:

So far so good, we've shorted into the order region and then longed back up where trades should be protected and partial profits taken. They're not making it easy due to the constant choppy price action but price is moving the right way.

So, what now?

Support here stands at the 2345 region which is circled on the chart, we would expect price to want to visit this region and settle in preparation for CPI tomorrow which is guaranteed to move the price. We will continue to hold from below looking for higher, however, breaking below that level will change the structure again. A swoop of liquidity hunting into the 2330 region is not out of the question so expect a whipsaw, but daily close is important.

We'll update traders again tomorrow prior to the CPI release.

As always, trade safe.

KOG