2/14/2013 Weekly Natural Gas Storage Report (1030 EST)
Forecast: -166B
Actual: -157B
SPIKE WITH 2ND PEAK
Started @ 3.274
1st Peak @ 3.187 – 1033 (3 min)
87 ticks
2nd Peak @ 3.135 – 1322 (172 min)
139 ticks
Reversal to 3.167 – 1401 (211 min)
32 ticks
Notes: Moderately smaller loss than was forecast caused a short spike of 87 ticks that crossed the 50 and 100 SMAs at the origin, and the S1 Pivot halfway down the spike. It eventually bottomed on the 1st peak 4 ticks below the S2 Pivot. After achieving the 1st peak, it continued to step lower, never wanting to reverse much. It achieved a final peak almost 3 hrs after the report of 139 ticks, and did not cross the 50 SMA until 1330. The final reversal garnered only 32 ticks in about 40 min to eclipse the 200 SMA. Overall a very bearish reaction over a long period of time.