Feb 152012
 


CL 04 12 (1 Min) 01.19.12

2/15/2012 Weekly Crude Oil Inventory Report (0530 HI time / 1030 EDT)
Forecast: 1.8M
Actual: -0.2M
SPIKE / RETRACE
Started @ 101.76
1st Peak @ 102.11 – 0533 (3 min)
35 ticks

Reversal to 101.57 – 0539 (9 min)
54 ticks

Notes: Report spike crossed the 50 and 100 SMAs, then peaked at the 200 SMA or just a little above. The 0532 candle did follow to recover the pullback at the end of the 0531 candle, but this usually will not happen, so get out when it hits the 200 SMA.