CL 04 12 (1 Min) 03.07.12

3/7/2012 Weekly Crude Oil Inventory Report (0530 HI time / 1030 EDT)
Forecast: 1.0M
Actual: 0.8M
SPIKE WITH 2ND PEAK
Started @ 104.51
1st Peak @ 104.83 – 0531 (1 min)
32 ticks

Reversal to 104.62 – 0533 (3 min)
21 ticks

2nd Peak @ 105.00 – 0535 (5 min)
49 ticks

Reversal to 104.54 – 0549 (19 min)

Notes: Spiked up 32 ticks crossing the 100 SMA, then pulled back 21 ticks before gearing up for a 2nd peak, crossing the 100 SMA and briefly topping the 200 SMA, but caught in the resistance. After bouncing around the 200 SMA, it fell to 104.54.