Mar 152012
3/15/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: -58B
Actual: -64B
SPIKE / RETRACE
Started @ 2.289
1st Peak @ 2.334 – 0431 (1 min)
45 ticks
Reversal to 2.288 – 0449 (19 min)
44 ticks
Notes: Spike crossed no major SMAs, but it peaked just below the R1 line. Reversal came back to the 50 SMA 19 min after the report.