CL 03 12 (1 Min) 11.23.11

11/23/2011 Monthly Durable Goods Orders (0330 HI time / 0830 EST)
Core Forecast: 0.1%
Core Actual:0.7%
Previous revision:-1.1% to 0.6%
Regular Forecast: -1.1%
Regular Actual:-0.7%
Previous Revision:-0.7% to -1.5%
SPIKE/RETRACE
Started @ 96.68
Peak @ 97.08 – 0336 (6 min)
40 ticks

Retrace to 96.47 – 0354 (24 min)
61 ticks

Notes: Report came in exceeding the forecast overall with moderate downward revisions to the previous reports. Report was released at the same time as weekly unemployment claims (Weds due to Thanksgiving holiday) which came in at 393K as expected. I would not trade this report as the unemployment claims caused the 0331 candle to be volatile and indecisive, but I would watch the 0332 candle and /or trade the reversal.