CL 03 12 (1 Min) 02.10.12

2/10/2012 Monthly Trade Balance (0330 HI time / 0830 EST)
Forecast: -48.1B
Actual: -48.8B
Previous Revision: +0.7B to -47.1B
Spike / RETRACE
Started @ 98.05
1st Peak @ 98.33 – 0334 / 0338 (4/8 min)
28 ticks (2x top)

Retrace to 98.08 – 0341 (11 min)
25 ticks

Notes: Report mildly fell short of forecast, but previous report revised mildy upward. Reaction was positive, peaking at the 50 SMA then hovering in a range for 5 min before reversing to S3 line.