5/9/2013 Weekly Natural Gas Storage Report (1030 EDT)
Forecast: 80B
Actual: 88B
SPIKE/REVERSE
Started @ 3.943
1st Peak @ 3.883 – 1031 (1 min)
60 ticks
Reversal to 3.996 – 1105 (35 min)
113 ticks
Extended Reversal to 4.020 – 1202 (92 min)
137 ticks
Notes: Moderately larger gain on the reserve compared to the forecast saw an average short spike of 60 ticks that bottomed on the :31 bar after starting 2 sec prematurely. It targeted the S2 Mid Pivot but did not cross any SMAs. With JOBB, you would have filled short at about 3.926 with 7 ticks of slippage. Then look to exit around 3.890 where it hovered for 13 sec. I used a 40 tick target which filled at 3.886. After that it reversed for 113 ticks in the next 34 min, then another 24 ticks in the following hour.