6/28/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
SPIKE WITH 2ND PEAK
Started @ 2.818
1st Peak @ 2.694 – 0431 (1 min)
2nd Peak @ 2.659 – 0434 (4 min)
Reversal to 2.725 – 0446 (16 min)
Notes: Small offset in the supply gain from the forecast caused a surprising large short spike and 2nd peak with a minimal reversal. The gain in supply was large, but expected. All 3 SMAs were crossed near the origin, then the S1 Pivot was crossed about 2/3 of the way down the :31 bar. After a brief and small retracement, the 2nd peak claimed another 35 ticks in 4 min, and the reversal achieved 66 ticks in 16 min before chopping sideways in a range for a few hours.