NG 05 12 (1 Min) 03.29.12

3/29/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 49B
Actual: 57B
SPIKE WITH 2ND PEAK
Started @ 2.235
1st Peak @ 2.175 – 0432 (2 min)
60 ticks

2nd Peak @ 2.165 – 0435 (5 min)
70 ticks

Reversal to 2.190 – 0449 (19 min)
25 ticks

Notes: Spike crossed no major SMAs, but it crossed the S2 line about a quarter of the way down its path. The report came in with a relatively large offset of 8B ft3 rise, so there was a rare 2nd peak that hit the S3 line before producing a small retracement of 25 ticks.