THE KOG REPORT - Update

End of day update from us here at KOG:

Monday blues! A lovely move today with price coming down into the identified region, to the pip and then giving us the TAP AND BOUNCE for the long trade up to where we are right now. During the day we've been managing the move even getting a small short using the Red box strategy but only into the immediate support level.

For now, we still haven't really tapped into the zone we wanted, so we'll say as long as the support level of 2150-55 holds the price, we'll be looking to complete the move higher into the 2170-7 price point.

We're getting closer to FOMC so expect the typical pre-event price action, choppy and ranging, but levels are working well.

As always, trade safe.

KOG