NG 08 12 (1 Min) 06.28.12

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Jun 282012
 


NG 08 12 (1 Min) 06.28.12

6/28/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 55B
Actual: 57B
SPIKE WITH 2ND PEAK
Started @ 2.818
1st Peak @ 2.694 – 0431 (1 min)
124 ticks

2nd Peak @ 2.659 – 0434 (4 min)
159 ticks

Reversal to 2.725 – 0446 (16 min)
66 ticks

Notes: Small offset in the supply gain from the forecast caused a surprising large short spike and 2nd peak with a minimal reversal. The gain in supply was large, but expected. All 3 SMAs were crossed near the origin, then the S1 Pivot was crossed about 2/3 of the way down the :31 bar. After a brief and small retracement, the 2nd peak claimed another 35 ticks in 4 min, and the reversal achieved 66 ticks in 16 min before chopping sideways in a range for a few hours.

NG 07 12 (1 Min) 06.21.12

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Jun 212012
 


NG 07 12 (1 Min) 06.21.12

6/21/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 64B
Actual: 62B
INDECISIVE
Started @ 2.546
1st Peak @ 2.505 / Reverse to 2.638 – 0431 (1 min)
-41 ticks / 92 ticks

Reversal to 2.554 – 0449 (19 min)
84 ticks

Notes: A nearly matching report caused indecision and a larger double wicker with a span of over 130 ticks as it dropped 41 ticks then rallied for 133. After seeing the indecisive reaction and noting the near matching report, it would be safe and reasonable to sell the peak and buy the dip as big oscillations will happen for about 1 hr. In this case, I would sell on the 33 bar when it could not eclipse the height of the 31 bar and the R1 Pivot. Then note the upward slope and use the 50 SMA as the floor of support and buy when it drops a few ticks under. It continued to use the 50 SMA for support up for 90 min after when a larger reversal took over and it fought through all the SMAs

NG 07 12 (1 Min) 06.14.12

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Jun 142012
 


NG 07 12 (1 Min) 06.14.12

6/14/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 55B
Actual: 67B
UPWARD FAN
Started @ 2.208
1st Peak @ 2.350 – 0432 (2 min)
142 ticks

2nd Peak @ 2.465 – 0631 (121 min)
257 ticks (2x top)

Reversal to 2.417 – 0730 (180 min)
48 ticks

Notes: Medium offset in the supply gain to exceed the forecast caused a surprising large long spike that triggered a long term rally in to a FAN. With all the SMAs near the origin and the market trading in a tight range previously, the 31 bar crossed the R1,R2, and R3 Pivots. The market must have been look for an excuse to rally in the long term and used the storage report as a catalyst. The reversal reclaimed 48 ticks in an hour after the top of the FAN, but after the reversal, the market continued to rally for several more hours.

NG 07 12 (1 Min) 06.07.12

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Jun 072012
 


NG 07 12 (1 Min) 06.07.12

6/7/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 57B
Actual: 62B
SPIKE WITH 2ND PEAK
Started @ 2.398
1st Peak @ 2.333 – 0431 (1 min)
65 ticks

2nd Peak @ 2.304 – 0450 (20 min)
94 ticks (2x bottom)

Reversal to 2.324 – 0508 (38 min)
20 ticks

Notes: Small offset in the supply gain from the forecast caused a surprising large short spike and 2nd peak with a minimal reversal. The market must have been look for an excuse to sell off. No SMAs were crossed, but the S2 Pivot was crossed about halfway down the :31 bar path. The 2nd peak claimed another 29 ticks in about 20 min, and the reversal only achieved 20 ticks in 38 min before dropping again.

NG 07 12 (1 Min) 05.31.12

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May 312012
 


NG 07 12 (1 Min) 05.31.12

5/31/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 75B
Actual: 71B
INDECISIVE
Started @ 2.421
1st Peak @ 2.436 / Reverse to 2.390 – 0431 (1 min)
15 ticks / -31 ticks

Reversal top at 2.440 – 0511 (41 min)
50 ticks

Notes: A nearly matching report caused indecision and a premature long spike of 15 ticks before seeing a drop of 31 ticks. After seeing the indecisive reaction and noting the near matching report, it would be safe and reasonable to sell the peak and buy the dip as big oscillations will happen for about 1 hr. In this case, use the 200 as the floor of support and buy when it drops a few ticks under, then sell as it approaches or eclipse the 50 SMA. The long move at 0505 broke out of the report trend. If you sold at about 2.420 based on the peak earlier, use the PP Pivot at 2.428 as the stop loss setting and the pivot for a long move . When it broke long there, the market sentiment changed.

NG 06 12 (1 Min) 05.24.12

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May 242012
 


NG 06 12 (1 Min) 05.24.12

5/24/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 77B
Actual: 77B
INDECISIVE
Started @ 2.708
1st Peak @ 2.688 / Reverse to 2.742 – 0431 (1 min)
-20 ticks / 34 ticks

Reversal bottom at 2.664 – 0446
44 ticks

Notes: An exactly matching report, caused indecision and a double wicker of 54 ticks from top to bottom initially that spanned out to 80 ticks at its max. After seeing the double wicker and noting the matching report. It would be safe and reasonable to sell the peak and buy the dip as big oscillations will happen for about 1 hr. As it settles, the movement becomes closer to the centerline and the swings are lesser in magnitude.

NG 06 12 (1 Min) 05.17.12

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May 172012
 


NG 06 12 (1 Min) 05.17.12

5/17/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 25B
Actual: 61B
SPIKE WITH 2ND PEAK
Started @ 2.562
1st Peak @ 2.528 – 0432 (2 min)
34 ticks

2nd Peak @ 2.507 – 0513 (43 min)
55 ticks

Reversal to 2.547 – 0556 (86 min)
25 ticks

Notes: Spike crossed no major SMAs, but the S1 Pivot was at the origin of the :31 bar. With a decent gain in supply and large delta from the expected gain, the market was forced short for a prolonged period going for 2 lower peaks and failing to reverse and sustain a rebound for quite some time.

NG 06 12 (1 Min) 05.10.12

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May 102012
 


NG 06 12 (1 Min) 05.10.12

5/10/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 33B
Actual: 30B
SPIKE / REVERSE
Started @ 2.455
1st Peak @ 2.498 – 0431 (1 min)
43 ticks

Reversal to 2.422 – 0445 (15 min)
76 ticks

Notes: Spike crossed all three major SMAs along with the PP Pivot on its upward path, before hitting its nadir just short of 2.500. The report came in with a near matching value of 30B ft3 rise. With JOBB you would have filled long, then had an opportunity to exit when hovering was evident with about 15 ticks profit about 20 sec into the :31 candle. With a matching report, the reversal can be expected to at least come back to the level of the origin. In this case it yielded 76 ticks in 15 min, nearly double the amount of the initial spike.

NG 06 12 (1 Min) 05.03.12

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May 032012
 


NG 06 12 (1 Min) 05.03.12

5/3/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 31B
Actual: 28B
INDECISIVE
Started @ 2.325
1st Peak @ 2.345 / Reverse to 2.297 – 0431 (1 min)
20 ticks / -28 ticks

Notes: Nearly a matching report, caused indecision and a double wicker of 48 ticks from top to bottom. JOBB appears to no longer be a safe play for this report due to the high slippage, volatility, and propensity to bypass the JOBB safety stop gates. A trap order would have been a good strategy or a manual order a few minutes into the report.

NG 05 12 (1 Min) 04.19.12

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Apr 192012
 


NG 05 12 (1 Min) 04.19.12

4/19/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 10B
Actual: 25B
INDECISIVE
Started @ 1.951
1st Peak @ 1.932 (Premature) / Reverse to 1.971 – 0431 (1 min)
-19 ticks / 20 ticks

Notes: Strong positive supply, but indecisive reaction as the market was trading is a consolidated fist prior to the report. After 4 minutes we got the negative bearish reaction that should have happened. This report broke the trend of safe reports for JOBB at the entry and returned the premature spike to the routine. No clear reason for the indecisive double wicker, but it is a risk that is prone to happen occasionally.