THE KOG REPORT - Update:

End of day update from us here at KOG:

On Sunday's KOG Report we said we would be looking to long is the 2320 level held and to look out for the extension of the move. During the week, we've traded it up with the move also managing to capture the retracements, booked at 2365-70 and then gave that level for the potential short, as shown on the chart.

Now we're back in the order region after the move has completed, we can see support below 2325 which if held could give a short bounce back up but it's flipped again so resistance now 2340 needs to hold down the price. We would suggest leaving it now and waiting for the daily and weekly close as it's been another successful week on the markets, not worth leaving open positions over the weekend.

We'll be back on Sunday with the KOG Report. Wishing you a great weekend ahead, as always, trade safe.

KOG