CL 03 12 (1 Min) 01.27.12

1/27/2012 Quarterly Advance GDP (0330 HI time / 0830 EST)
Forecast: 3.0%
Actual: 2.8%
Previous Revision: -0.7% to 1.8%
DOWNWARD FAN
Started @ 100.24
1st Peak@ 99.80 – 0331 (1 min)
44 ticks

2nd Peak @ 99.30 – 0401/0413 (31/43 min)
94 ticks (2x bottom)

Reversal to 100.40 – 0446 (76 min)
110 ticks

Notes: Report was moderately negative, and the previous revision was strongly negative. This contributed to the downward fan. I would use the JOBB strategy here and stay in for about 45 min where the trend usually ends. After seeing the double bottom at 99.30, I would close out. Then I would trade the reversal for about 30 min.