CL 03 12 (1 Min) 09.20.11

9/20/2011 Monthly Building Permits (0230 HI time / 0830 EDT)
Forecast: 0.60M
Actual: 0.62M
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SPIKE WITH 2ND PEAK
Started @ 87.16
Peak@ 87.04 – 0231 (1 min)
12 ticks

2nd Peak@ 86.90 – 0237 (7 min)
26 ticks

Notes: Report came in close enough to the forecast but reaction was reaction was opposite of expected. I would ride the heat in this case around 2-3 min after the report when a level of resistance was set at 87.17 and it eventually fell.