CL 03 12 (1 Min) 01.13.12

1/13/2012 Monthly Trade Balance (0330 HI time / 0830 EST)
Forecast: -44.8B
Actual: -47.8B
Previous Revision: +0.2B to -43.3B
DULL REACTION
Started @ 99.65
1st Peak @ 99.46 – 0332 (2 min)
19 ticks

2nd Peak @ 99.37 – 0336 – 0342 (6-12 min)
28 ticks

Notes: Report fell short of forecast, but previous report revised slightly upward. Reaction was negative overall, hitting support at the 200 SMA. Initial reaction was dull, not filling order until 30 sec after report release. Long order would have filled, then retraced. I would cancel out after 10 sec of order not filling.