May 062013
 

NG 04-13 (1 Min)  3_7_2013

3/7/2013 Weekly Natural Gas Storage Report (1030 EST)
Forecast: -135B
Actual: -146B
SPIKE/REVERSE
Started @ 3.550
1st Peak @ 3.603 – 1031 (1 min)
53 ticks

Reversal to 3.561 – 1117 (47 min)
42 ticks

Notes:  Moderately greater loss than was forecast saw a short spike of 53 ticks on the :31 bar eclipsing the R2 Pivot.  Then it pulled back to the R2 Pivot.  With JOBB, you would have filled long at about 3.582 with more than 20 ticks of slippage, then had an opportunity to exit at about 3.595 with 13 ticks.   After that, it attempted a 2nd peak then slowly reversed over about 40 min for 42 ticks to cross the 50 SMA.