End of day update from us here at KOG:
The path is being followed and the targets are confirming the movement bringing us up above the 2030 region which was on the cards from last week's analysis. Support now stands at the 2020-25 region with the bias still bullish above! We do have to start playing caution on longs now as we're approaching territory where price can turn very aggressively. We've done well this week, can't even count how many targets have been completed, so let's take our foot off the peddle a bit now and see where they close the daily and the weekly.
Outlook is still bullish but expect the unexpected. Longs from below should be protected and any trades up here should be with smaller lots and a strong risk model in place.
The path is being followed and the targets are confirming the movement bringing us up above the 2030 region which was on the cards from last week's analysis. Support now stands at the 2020-25 region with the bias still bullish above! We do have to start playing caution on longs now as we're approaching territory where price can turn very aggressively. We've done well this week, can't even count how many targets have been completed, so let's take our foot off the peddle a bit now and see where they close the daily and the weekly.
Outlook is still bullish but expect the unexpected. Longs from below should be protected and any trades up here should be with smaller lots and a strong risk model in place.