CL 04 12 (1 Min) 03.07.12

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Mar 072012
 


CL 04 12 (1 Min) 03.07.12

3/7/2012 Weekly Crude Oil Inventory Report (0530 HI time / 1030 EDT)
Forecast: 1.0M
Actual: 0.8M
SPIKE WITH 2ND PEAK
Started @ 104.51
1st Peak @ 104.83 – 0531 (1 min)
32 ticks

Reversal to 104.62 – 0533 (3 min)
21 ticks

2nd Peak @ 105.00 – 0535 (5 min)
49 ticks

Reversal to 104.54 – 0549 (19 min)

Notes: Spiked up 32 ticks crossing the 100 SMA, then pulled back 21 ticks before gearing up for a 2nd peak, crossing the 100 SMA and briefly topping the 200 SMA, but caught in the resistance. After bouncing around the 200 SMA, it fell to 104.54.

CL 04 12 (1 Min) 02.29.12

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Feb 292012
 


CL 04 12 (1 Min) 02.29.12

2/29/2012 Weekly Crude Oil Inventory Report (0530 HI time / 1030 EDT)
Forecast: 1.8M
Actual: -0.2M
SPIKE / RETRACE
Started @ 106.62
1st Peak @ 106.09 – 0531 (1 min)
53 ticks

Reversal to 106.75 – 0536 (6 min)
66 ticks

Notes: Report released in the middle of FED chair Bernanke testimony before Congress. Market was already in a down trend. Report spiked down, then reversed almost up to the 100 SMA.

CL 04 12 (1 Min) 02.23.12

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Feb 232012
 


CL 04 12 (1 Min) 02.23.12

2/23/2012 Weekly Crude Oil Inventory Report (0530 HI time / 1030 EDT)
Forecast: 0.9M
Actual: 1.6M
INDECISIVE
Started @ 106.03
1st Peak @ 106.20 / Reversal to 105.95 – 0531 (1 min)
17 ticks / -8 ticks

Notes: Spiked up 17 ticks, hitting the 200 SMA and hovering for a few seconds before reversing. Get out at or near the 200 SMA. Not much magnitude on this report since the forecast was close to the actual report.

CL 04 12 (1 Min) 02.15.12

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Feb 152012
 


CL 04 12 (1 Min) 01.19.12

2/15/2012 Weekly Crude Oil Inventory Report (0530 HI time / 1030 EDT)
Forecast: 1.8M
Actual: -0.2M
SPIKE / RETRACE
Started @ 101.76
1st Peak @ 102.11 – 0533 (3 min)
35 ticks

Reversal to 101.57 – 0539 (9 min)
54 ticks

Notes: Report spike crossed the 50 and 100 SMAs, then peaked at the 200 SMA or just a little above. The 0532 candle did follow to recover the pullback at the end of the 0531 candle, but this usually will not happen, so get out when it hits the 200 SMA.

CL 04 12 (1 Min) 02.08.12

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Feb 082012
 


CL 04 12 (1 Min) 02.08.12

2/8/2012 Weekly Crude Oil Inventory Report (0530 HI time / 1030 EDT)
Forecast: 2.9M
Actual: 0.3M
INDECISIVE
Started @ 100.15
1st Peak @ 100.30 / Reversal to 99.63 – 0531 (1 min)
15 ticks / -42 ticks

Notes: Spiked up 15 ticks then quickly reversed. This one would hit your stop loss. The market was caught in a FIST before the report. It straddled the 100 SMA on the release, went up then reversed to go through all the major indicators.

CL 04 12 (1 Min) 02.01.12

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Feb 012012
 


CL 04 12 (1 Min) 02.01.12

2/1/2012 Weekly Crude Oil Inventory Report (0530 HI time / 1030 EDT)
Forecast: 3.2M
Actual: 4.2M
SPIKE / RETRACE
Started @ 99.27
1st Peak @ 98.58 – 0532 (2 min)
69 ticks

Reversal to 98.99 – 0539 (9 min)
41 ticks

Notes: Report spike was free and clear of all indicators, so the peak was seen on the 2nd candle. Reversal closed the gap up to hit the 13 SMA.

CL 04 12 (1 Min) 01.25.12

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Jan 252012
 


CL 04 12 (1 Min) 01.25.12

1/25/2012 Weekly Crude Oil Inventory Report (0530 HI time / 1030 EDT)
Forecast: 0.9M
Actual: 3.6M
INDECISIVE
Started @ 98.06
1st Peak @ 98.31 / Reversal to 97.89 – 0531 (1 min)
25 ticks / -17 ticks

Notes: Spiked up about 15 ticks then retreated. Try to close out when the initial spike is less than 25 ticks total otherwise your stop loss will protect you.

CL 04 12 (1 Min) 01.19.12

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Jan 192012
 


CL 04 12 (1 Min) 01.19.12

1/19/2012 Weekly Crude Oil Inventory Report (0600 HI time / 1100 EDT)
Forecast: 2.9M
Actual: -3.4M
SPIKE / RETRACE
Started @ 101.75
1st Peak @ 102.10 – 0601 (1 min)
35 ticks

Reversal to 101.47 – 0608 (8 min)
63 ticks

Notes: Report broke on Thurs at 1100 EDT due to Monday holiday. Spiked upward through the 50 and 100 SMAs to hit the 200 SMA and retreated. Reversal almost doubled initial spike in magnitude.