1/17/2013 Weekly Natural Gas Storage Report (1030 EST)
SPIKE WITH 2ND PEAK
Started @ 3.434
1st Peak @ 3.500 – 1032 (2 min)
2nd Peak @ 3.520 – 1038 (8 min)
Reversal to 3.461 – 1158 (88 min)
Notes: Slightly larger loss than was forecast caused a long spike of 66 ticks that crossed no SMAs but the R1 Pivot as it was trending higher before the report. With JOBB, you would have filled long with about 20 ticks of slippage at about 3.464. Then you would have an opportunity to close out with at least 30 ticks as it finished the bar near 3.500. After achieving the 1st peak, it retreated slightly, then achieved a 2nd peak of 20 more ticks in 7 min to eclipse the R2 Pivot by 9 ticks. The reversal was slow developing, garnering 33 ticks in 3 min, then 26 more ticks in the next 80 min. After that it slowly rallied again.