Jan 192012
 


CL 04 12 (1 Min) 01.19.12

1/19/2012 Weekly Crude Oil Inventory Report (0600 HI time / 1100 EDT)
Forecast: 2.9M
Actual: -3.4M
SPIKE / RETRACE
Started @ 101.75
1st Peak @ 102.10 – 0601 (1 min)
35 ticks

Reversal to 101.47 – 0608 (8 min)
63 ticks

Notes: Report broke on Thurs at 1100 EDT due to Monday holiday. Spiked upward through the 50 and 100 SMAs to hit the 200 SMA and retreated. Reversal almost doubled initial spike in magnitude.