9/12/2013 Weekly Natural Gas Storage Report (1030 EDT)
Forecast: 65B
Actual: 65B
INDECISIVE…SPIKE WITH 2ND PEAK
Started @ 3.578 (1029)
Premature Spike @ 3.566 (1030)
12 ticks
1st Peak @ 3.653 – 1032 (2 min)
75 ticks
Reversal to 3.626 – 1035 (5 min)
27 ticks
Final Peak @ 3.663 – 1047 (17 min)
85 ticks
Reversal to 3.644 – 1056 (26 min)
19 ticks
Notes: Matching gain on the reserve compared to the forecast saw a premature short spike of 12 ticks followed immediately by the true long move of 75 ticks that crossed the R2 Mid Pivot. With JOBB, you would have filled long at 3.566 with 2 ticks of slippage, then seen it fall to hit your stop loss for 32 tick loss with 12 ticks of slippage. The bullish sentiment remained as we saw a quick minimal reversal for 27 ticks in 4 min, then it stepped higher for a final peak of 10 more ticks in the next 12 min. Then the final reversal achieved only 19 ticks in 9 min as it started to trade sideways above the R2 Mid Pivot.










