8/28/2014 Weekly Natural Gas Storage Report (1030 EDT)
Forecast: 79B
Actual: 75B
SPIKE / REVERSE
Started @ 4.028
1st Peak @ 4.101 – 1030:00 (1 min)
73 ticks
Reversal to 4.049 – 1030:23 (1 min)
52 ticks
Continued Reversal to 4.038 – 1035 (5 min)
62 ticks
Pullback to 4.066 – 1054 (24 min)
28 ticks
Reversal to 4.002 – 1127 (57 min)
64 ticks
Extended Reversal to 3.973 – 1241 (131 min)
93 ticks
Notes: We saw a smaller gain on the reserve compared to the forecast by 4BCF which caused a quick long spike of 73 ticks after a premature short move of 12 ticks 1 sec before the report. The spike rose to cross the R2 Pivot, then collapsed back to the area of the R1 Pivot. With JOBB, you would have filled long at about 4.072 with about 34 ticks of slippage, then seen it pop up another 30 ticks and crash. It hovered around 4.076 for about 8 sec allowing an exit with a handful of ticks. Then it reversed for a total of 52 ticks from the top of the peak a few sec later. If you had not exited before that, you would have been stopped out here. It chopped for the next 5 min between the R1 Pivot and 100 SMA before pulling back to cross the R1 Pivot 19 min later. Then it reversed for a total of 93 ticks in the next 2 hrs to the S1 Mid Pivot.