CL 03 12 (1 Min) 11.29.11

11/29/2011 Monthly CB Consumer Confidence (0500 HI time / 1000 EST)
Forecast: 43.9
Actual: 56.0
Previous revision: +1.1 to 40.9
SPIKE WITH 2ND PEAK
Started @ 99.68
1st Peak @ 100.02 – 0501 (1 min)
34 ticks

2nd Peak @ 100.13 – 0504 (4 min)
45 ticks

Reversal to 99.74 – 0509 (9 min)
39 ticks

Notes: Report strongly exceeded forecast along with the previous revision causing a healthy spike, 2nd peak, and follow on full reversal . The magnitude of the spike would have been larger, but the FAN in the previous 20 min had priced in some of the reaction. The peak is obviously at 0504 due to the candle showing the upward movement arrested. I would close out in the 100.05 area.