CL 03 12 (1 Min) 11.16.11

11/16/2011 Monthly Industrial Production (0415 HI time / 0915 EST)
Forecast: 0.4%
Actual:0.7%
Previous revision:-0.3% to -0.1%
Spike with 2nd peak
Started @ 101.02
1st Peak @ 101.17 – 0416 (1 min)
15 ticks

2nd Peak @ 101.24 – 0418 (3 min)
22 ticks

Notes: Report exceeded forecast, but previous report was revised downward. This caused the spike with the long tail on the first candle, but after the overall report was digested, the current positive report outweighed and caused the 2nd peak.