Apr 192012

NG 05 12 (1 Min) 04.19.12

4/19/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 10B
Actual: 25B
Started @ 1.951
1st Peak @ 1.932 (Premature) / Reverse to 1.971 – 0431 (1 min)
-19 ticks / 20 ticks

Notes: Strong positive supply, but indecisive reaction as the market was trading is a consolidated fist prior to the report. After 4 minutes we got the negative bearish reaction that should have happened. This report broke the trend of safe reports for JOBB at the entry and returned the premature spike to the routine. No clear reason for the indecisive double wicker, but it is a risk that is prone to happen occasionally.