End of day update from us here at KOG:

Honestly, I wasn't convinced yesterday that this move would start sooner than I thought. Yesterday, I gave the level below for the dip which worked perfectly giving us the long trade in to the level we wanted in Camelot. I expected a RIP from the RB above, but, as you can see we just smashed through it and the breakout gave a mega move upside, of which we did manage 400pips or so depending on entry. Disappointed the weekly chart hot spot was hit without us in the trade, but, it is what it is.

So, what now?

We have two hot spots which are of interest in the sessions ahead. I have the immediate resistance level of 4255 which will need to break to go higher otherwise the lower level of 4210 is sticking out and that's the level I would want for the retracement. It's too late in the session now to do anything and pending's are dangerous due to Asia continuing the move overnight. We'll re-visit tomorrow instead.

From Camelot this morning:

Price: 4165

RED BOXES:

Break above 4176 for 4185✅ and 4197✅ in extension of the move
Break below 4147 for 4133 and 4020 in extension of the move

As always, trade safe.

KOG