CL 03 12 (1 Min) 12.09.11

12/9/2011 Monthly Trade Balance (0330 HI time / 0830 EST)
Forecast: -43.5B
Actual: -43.5B
Previous Revision: -1.1B to -44.2B
Spike / retrace
Started @ 98.69
1st Peak @ 98.84 – 0332 (2 min)
15 ticks

Retrace to 98.57 – 0333 (3 min)
27 ticks

Notes: Report matched forecast, but previous report revised mildly downward. Reaction was positive overall, hitting resistance at the 50 SMA, then reversing.