End of day update from us here at KOG:

In the KOG Report on Sunday we gave the short idea and identified the order region we wanted price to ideally visit before we see a RIP and either break through or get the move to the upside. For yesterdays FOMC analysis we saw the pattern test that we wanted price to go up to before again another reaction in price from the low which gave us another 200pips before we said we were not happy with the 4h setup, so to protect and take partials. This whole move has been calculated and analysed if you look at the KOG Report, the FOMC Report and then add KOG's morning reviews and analysis, and the icing on the cake, Excalibur.

We now stand attacking the 2000 price point which is also 4h resistance level. The long we took earlier has given a superb return, so if you're still holding leave a portion protected for higher pricing. We would like to see this try to pullback with the first level of support being the 1985-80 level and below that the level of 1970-65. We still have a higher Excalibur target which is active and we didn't take due to the structure, this level is possible for tomorrow so lets keep an eye on those support region, unless they complete the move late session.

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We're done for the week. Wish you all a great weekend and we'll see you on Sunday for the KOG Report

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That's the first level for the oil long complete. Pip perfect move from the low. We'll add the new level above with potential for a RIP

The week ahead:

Target level reached. Key level support stands as per the order region and resistance 65-70

End of day update from us here at KOG:

The move down has given nearly 500pips into the lower support region 1950-45 where we're seeing a temporary bounce. The levels above were mentioned this morning as resistance are good targets for the longs with 1960 initially, 1965 and above that 1973. Not expecting much from Gold now apart from a settled range potentially above 200MA on the hourly. Resistance 70-75 is important to hold with the order region in sight 1930-35

OIL - BOOM 💥

From Camelot this morning:

End of day update from us here at KOG:

Although we have lower targets this morning is was suggested not to short into the 50-55 region as it looked to be holding strong. We said that Gold will want to do a grab from above so the 70-75 region was a likely target for the long trades. LiTE further confirmed the move giving the long a decent capture. We can now see price playing the MA's on the hourly so this makes the potential range for the remainder of the session 70-75 resistance and 50-55 support. These are important levels now with price needing to break either side to make the bigger move. Above 75 we're likely to test 2000+ and below 50 we have our 30-35 in line.

Good day on the other pairs with USDCHF still active but all others hitting the target including the 2 Gold long trades.