CL 03 12 (1 Min) 10.17.11

10/17/2011 Monthly Industrial Production (0315 HI time / 0915 EDT)
Forecast: 0.2%
Actual: 0.2%
Previous revision:-0.2% to 0.0%
Spike / RETRACE
Started @ 87.41
1st Peak @ 87.23 – 0317 (2 min)
18 ticks

Retrace to 87.34 – 0318 (3 min)
11 ticks

Notes: Report matched forecast, but previous report was revised downward. Small short reaction aided by downward fan initiated at 0305 (10 min before report broke). Price moved downward 2 more waves after report, but this is after the short term reaction of the report.