NG 11 12 (1 Min) 10.11.12

10/11/2012 Weekly Natural Gas Inventory Report (0430 HI time / 1030 EDT)
Forecast: 79B
Actual: 72B
SPIKE WITH 2ND PEAK
Started @ 3.511
1st Peak @ 3.592 – 0431 (1 min)
81 ticks

Reversal to 3.568 – 0433 (3 min)
24 ticks

2nd Peak @ 3.628 – 0507 (37 min)
117 ticks

Reversal to 3.557 – 0635 (125 min)
71 ticks

Notes: Lesser gain in supply compared to what was expected caused a large long spike of 81 ticks. The initial spike crossed the R1 and R2 Pivots with ease. After a small reversal of 24 ticks, it geared up for a 2nd peak of 117 ticks total over 30 min later. The reversal reclaimed 71 ticks in about 90 min crossing the 50 and 100 SMAs, then bottoming out at the R2 Pivot and 200 SMA. With JOBB you would have filled at about 3.550 with about 30 ticks of slippage, then had an opportunity to exit with at least 30 ticks as it methodically rose and stayed near the top of the bar.