4/18/2013 Weekly Natural Gas Storage Report (1030 EDT)
Forecast: 35B
Actual: 31B
UPWARD FAN
Started @ 4.179
1st Peak @ 4.329 – 1032 (2 min)
150 ticks
Final Peak @ 4.404 – 1127 (57 min)
225 ticks
Reversal to 4.369 – 1214 (104 min)
35 ticks
Notes: Slightly smaller gain on the reserve compared to the forecast saw the largest long spike we have ever seen of 150 ticks on the :30 – :31 bars. The spike crossed all 3 SMAs and the PP/R1/R2 Pivots and extended the HOD nearly 100 ticks as it was trading on the LOD before the news. It climbed for several additional peaks, culminating on the Final peak of 225 ticks at 1127. Then it fell for a small reversal of 35 ticks to just above the 100 SMA about an hour later. With JOBB, you would have filled long at about 4.214 with about 25 ticks of slippage, then look to exit between the top of the :31 bar and the R2 Pivot with 60-80 ticks.