6/25/2015 Weekly Natural Gas Storage Report (1030 EDT)
Forecast: 79B
Actual: 75B
SPIKE WITH 2ND PEAK
Started @ 2.845
1st Peak @ 2.804 – 1030:06 (1 min)
41 ticks
Reversal to 2.839 – 1030:29 (1 min)
35 ticks
Pullback to 2.803 – 1033 (3 min)
36 ticks
Reversal to 2.850 – 1039 (9 min)
47 ticks
2nd Peak @ 2.800 – 1049 (19 min)
45 ticks
Reversal to 2.831 – 1105 (35 min)
31 ticks
Notes: We saw a slightly lesser gain on the reserve compared to the forecast which caused a relatively slow short spike of 41 ticks in 6 sec that crossed all 3 Major SMAs and the R1 Pivot. With JOBB and a 10 tick bracket, you would have filled short at 2.834 with 1 tick of slippage then seen it fall another 30 ticks then reverse slowly for 35 ticks in 23 sec. After that it pulled back 36 ticks for a double bottom in 2 min. Look to exit quickly after seeing it start to back off with about 20 ticks. After the double bottom, it reversed 47 ticks in 6 min to nearly reach the HOD before falling for a minor 2nd peak of 4 more ticks in 10 min. Then it reversed 31 ticks in 16 min to the R2 Mid Pivot.