CL 02 13 (1 Min) 01.16.13

1/16/2013 Weekly Crude Oil Inventory Report (1030 EST)
Forecast: 2.0M
Actual: -1.0M
SPIKE WITH 2ND PEAK
Started @ 93.50
1st Peak @ 93.69 – 1031 (1 min)
19 ticks

Reversal to 93.57 – 1032 (2 min)
12 ticks

2nd Peak @ 94.36 – 1107 (37 min)
86 ticks

Reversal to 94.08 – 1130 (60 min)
28 ticks

Notes: Moderate loss in crude inventories, while gasoline and distillates both saw small gains. This prompted a small long move that crossed no SMAs and the PP Pivot to reach the HOD. With JOBB, you would have filled long at about 93.64 with 4 ticks of slippage, then had an opportunity to get a few ticks on the :31 bar, or wait and secure about 20 or more on the :33 bar when it shot up to the R1 Pivot. After the 1st peak, it reversed from the HOD for 12 ticks, then popped up to hit the R1 Pivot. After trading sideways below the R1 Pivot for about 30 min, it rallied to a final peak of 86 ticks at 94.36. Then it reversed back to just above the 50 SMA about 20 min later.