Mar 082012
3/8/2012 Weekly Natural Gas Inventory Report (0530 HI time / 1030 EST)
Forecast: -85B
Actual: -80B
SPIKE / RETRACE
Started @ 2.310
1st Peak @ 2.250 – 0531 (1 min)
60 ticks
Reversal to 2.266 – 0536 (6 min)
16 ticks
Notes: Spike crossed the 3 major SMAs relatively close to the origin, so little pullback effect was seen then settled just below the S2 line. Reversal is small, and did not last. Market seesawed around the S2 line after the report. No premature spike.