3/8/2012 Weekly Natural Gas Inventory Report (0530 HI time / 1030 EST)
SPIKE / RETRACE
Started @ 2.310
1st Peak @ 2.250 – 0531 (1 min)
Reversal to 2.266 – 0536 (6 min)
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.