NG 04 12 (1 Min) 03.22.12

3/22/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 10B
Actual: 11B
SPIKE / RETRACE
Started @ 2.306
1st Peak @ 2.250 – 0431 (1 min)
56 ticks

Reversal to 2.297 – 0433 (3 min)
47 ticks

Notes: Spike crossed no major SMAs, but it crossed the S2 line about halfway down its path. The report also came in nearly matching the forecast, so the retracement was big and the reversal recaptured nearly all of the drop by the 0433 candle.