CL 04 12 (1 Min) 02.08.12

2/8/2012 Weekly Crude Oil Inventory Report (0530 HI time / 1030 EDT)
Forecast: 2.9M
Actual: 0.3M
INDECISIVE
Started @ 100.15
1st Peak @ 100.30 / Reversal to 99.63 – 0531 (1 min)
15 ticks / -42 ticks

Notes: Spiked up 15 ticks then quickly reversed. This one would hit your stop loss. The market was caught in a FIST before the report. It straddled the 100 SMA on the release, went up then reversed to go through all the major indicators.