Weekly chart:

We’ve shared this chart regularly with our followers and team in Camelot, again you can see how we tracked this move to the downside using the key weekly levels tapping into the 2nd to last level before creating the bottom and forming the bullish engulfing. Now we can see resistance turned into support again on this time frame so use the level for your longer term plan, key level support here is 1720 give or take.
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As always, trade safe.

KOG
Supply and DemandSupport and ResistanceTrend Analysis

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