May 102012

NG 06 12 (1 Min) 05.10.12

5/10/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 33B
Actual: 30B
Started @ 2.455
1st Peak @ 2.498 – 0431 (1 min)
43 ticks

Reversal to 2.422 – 0445 (15 min)
76 ticks

Notes: Spike crossed all three major SMAs along with the PP Pivot on its upward path, before hitting its nadir just short of 2.500. The report came in with a near matching value of 30B ft3 rise. With JOBB you would have filled long, then had an opportunity to exit when hovering was evident with about 15 ticks profit about 20 sec into the :31 candle. With a matching report, the reversal can be expected to at least come back to the level of the origin. In this case it yielded 76 ticks in 15 min, nearly double the amount of the initial spike.