There was unusual trading activity about 42 seconds before the scheduled release of
the
EIA Natural Gas Report at 10:30am EDT. Actually, this is getting
to be more and more common.
1. UNG ~ 50 millisecond interval chart showing trades color coded by exchange and the NBBO (gray shade).
Note the volume spike at 10:29:18. The report is scheduled to be released 42 seconds
later at 10:30am EDT.
2. NG.V12 ~ Natural Gas October 2012 futures contract showing trades, depth of book, and contract volume.
Note that about 400 contracts trade about 42 seconds before the scheduled news release.
3. UNG ~ 1 Second interval chart showing trades color coded by exchange and the NBBO (gray shade). 4. UGAZ ~ 1 Second interval chart showing trades color coded by exchange and the NBBO (gray shade). 5. DGAZ ~ 1 Second interval chart showing trades color coded by exchange and the NBBO (gray shade). 6. UNG ~ 1 Second interval chart bids and offers color coded by exchange. 7. UGAZ ~ 1 Second interval chart bids and offers color coded by exchange. 8. DGAZ ~ 1 Second interval chart bids and offers color coded by exchange. Nanex Research
