CL 03 12 (1 Min) 01.18.12

1/18/2012 Monthly Industrial Production (0415 HI time / 0915 EST)
Forecast: 0.5%
Actual:0.4%
Previous revision:-0.1% to 0.3%
Spike / RETRACE
Started @ 101.29
1st Peak @ 101.07 – 0416 (2 min)
22 ticks

Retrace to 101.33 – 0419/0420 (4/5 min)
26 ticks (2x top)

Notes: Report fell short of forecast, and previous report was revised downward. Small short reaction aided by downward fan. Price moved downward 1more waves after report, but this is after the short term reaction of the report.