May 062013
2/28/2013 Weekly Natural Gas Storage Report (1030 EST)
Forecast: -165B
Actual: -171B
INDECISIVE
Started @ 3.458
1st Peak @ 3.395 – 1031 (1 min)
63 ticks
Reversal to 3.460 – 1031 (1 min)
65 ticks
Extended Reversal to 3.492 (9 min)
97 ticks
Notes: Moderately greater loss than was forecast saw a short spike of 63 ticks that was unsustainable, followed by a quick reversal of 35 ticks. Then it hovered at the 3.430 area and continued long to 3.460 before the bar expired. With JOBB, you would have filled short at about 3.445, then had an opportunity to exit at about breakeven after the pullback. After the indecisive :31 bar, the reversal continued long for another 32 ticks in the next 8 min. Then it backed off and chopped sideways.