9/10/2015 Weekly Natural Gas Storage Report (1030 EDT)
Forecast: 76B
Actual: 68B
SPIKE WITH 2ND PEAK
Started @ 2.682
1st Peak @ 2.721 – 1030:01 (1 min)
39 ticks
Reversal to 2.700 – 1035 (5 min)
21 ticks
2nd Peak @ 2.733 – 1046 (16 min)
51 ticks
Reversal to 2.714 – 1054 (24 min)
19 ticks
Pullback to 2.732 – 1112 (42 min)
18 ticks
Reversal to 2.714 – 1139 (69 min)
18 ticks
Expected Fill: 2.692 (long)
Slippage: 0 ticks
Best Initial Exit: 2.720 – 28 ticks
Recommended Profit Target placement: 2.719 and 2.737 (just above the R2 Mid and R2 Pivots)
Notes: Due to a small long spike at :59 sec, you would have had a no slippage fill just before the true spike happened. As it hovered around the R2 Mid Pivot for 25 sec, exit there with 20-28 ticks. Nice 2nd peak opportunity to buy on the 35 or 36 bar with the 13 EMA approaching and look to target 25 ticks.