NG 05 12 (1 Min) 04.12.12

4/12/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 22B
Actual: 8B
SPIKE / REVERSE
Started @ 2.000
1st Peak @ 2.069 – 0431 (1 min)
69 ticks

Reversal to 1.971 – 0459 (29 min)
98 ticks

Notes: Spike crossed no SMAs at the origin, crossed the R1 Pivot line about 1/3 up its path, before eclipsing just below the R2 Pivot at 2.070. The report came in with a large offset of 14B ft3 rise, driving the positive spike, but was still a gain in supply. Thus, the reversal recovered all of the spike and more fighting through all SMAs, the R1 and PP Pivots for nearly 100 ticks in 29 min.