10/24/2013 Weekly Natural Gas Storage Report (1030 EDT)
Forecast: 80B
Actual: 87B
INDECISIVE
Started @ 3.570 (1029)
1st Peak @ 3.545 – 1031 (1 min)
25 ticks
Reversal to 3.617 – 1035 (5 min)
72 ticks
Extended Reversal to 3.635 – 1101 (31 min)
90 ticks
Notes: Larger gain on the reserve compared to the forecast saw a 25 tick short spike on the :31 bar after the movement on the :30 bar was easily contained within the bracket. The spike crossed the S2 Pivot on the short move, then reversed after about 8 sec. With JOBB, you would have filled short at 3.550 with about 10 ticks of slippage, then seen it briefly hover around your fill point for a few sec before reversing up to the S1 Mid Pivot and stopping you out with a 20 tick loss with no slippage. After the :31 bar, it continued to reverse for a total of 72 ticks as it crossed the PP Pivot and reached the OOD. Then it backed off briefly before an extended reversal of 18 more ticks in the next 26 min as it crossed the R1 Mid Pivot and HOD.