7/3/2013 Weekly Natural Gas Storage Report (1200 EDT)
Forecast: 75B
Actual: 72B
SPIKE WITH 2ND PEAK
Started @ 3.584 (1159)
1st Peak @ 3.645 – 1201 (2 min)
61 ticks
Reversal to 3.609 – 1202 (3 min)
36 ticks
2nd Peak @ 3.664 – 1213 (14 min)
80 ticks
Reversal to 3.616 – 1253 (53 min)
48 ticks
Notes: Mildly smaller gain on the reserve compared to the forecast saw a long spike without a premature move that crossed the PP Pivot and hit the OOD for 61 ticks. With JOBB, you would have filled long at 3.609 with about 15 ticks of slippage. A 20 tick profit target would have filled before internal retracement caused a stop out when it retreated 25 ticks before rallying long again. After the 1st peak, it reversed for 36 ticks to hit the S1 Mid Pivot, before heading long again for a 2nd peak of 19 more ticks in 12 min, eclipsing the HOD and R1 Mid Pivot. Then it reversed to nearly reach the 100 SMA in about 40 min for 48 ticks.










