8/12/2015 World Agriculture Supply and Demand Estimates (WASDE) – Corn (1200 EDT)
Forecast: n/a
Actual: n/a
SPIKE WITH 2ND PEAK
Started @ 392.75
1st Peak @ 366.75 – 1201:22 (1 min)
104 ticks
Reversal to 373.00 – 1202:18 (3 min)
25 ticks
2nd Peak @ 357.50 – 1209 (9 min)
141 ticks
Reversal to 370.75 – 1238 (38 min)
53 ticks
Notes: Report Reaction caused a huge short spike of 104 ticks in 82 sec that crossed every support barrier until peaking on the S4 Pivot. With JOBB and a 5 tick bracket, your short entry would have filled at 390.00 with 6 ticks of slippage, then look to exit at the S4 Mid Pivot with at least 70 ticks. It reversed 25 ticks in 1 min before falling for a 2nd peak of 37 more ticks in 6 min. Then it reversed 53 ticks in 29 min to the S4 Mid Pivot.