-110812.jpg "Click to enlarge")
11/8/2012 Weekly Natural Gas Inventory Report (0530 HI time / 1030 EST)
Forecast: 27B
Actual: 21B
SPIKE WITH 2ND PEAK
Started @ 3.529
1st Peak @ 3.578 – 0531 (1 min)
49 ticks
Reversal to 3.560 – 0532 (2 min)
18 ticks
2nd Peak @ 3.591 – 0538 (8 min)
62 ticks
Reversal to 3.545 – 0618 (48 min)
46 ticks
Notes: Lesser gain in supply compared to what was expected caused a moderate long spike of 49 ticks. The initial spike crossed all 3 major SMAs and the S1 Pivot near the origin then hit its peak at the PP Pivot. After a small reversal of 18 ticks, it geared up for a 2nd peak of 62 ticks total a few min later. The reversal reclaimed 46 ticks in about 40 min crossing the 50 and 100 SMAs, then bottoming out at the S1 Pivot and 200 SMA. With JOBB you would have filled long at about 3.560 with about 20 ticks of slippage, then had an opportunity to exit with at least 10 ticks as it bobbed near the top of the bar a few times.