CL 04 12 (1 Min) 02.23.12

2/23/2012 Weekly Crude Oil Inventory Report (0530 HI time / 1030 EDT)
Forecast: 0.9M
Actual: 1.6M
INDECISIVE
Started @ 106.03
1st Peak @ 106.20 / Reversal to 105.95 – 0531 (1 min)
17 ticks / -8 ticks

Notes: Spiked up 17 ticks, hitting the 200 SMA and hovering for a few seconds before reversing. Get out at or near the 200 SMA. Not much magnitude on this report since the forecast was close to the actual report.