CL 04 12 (1 Min) 03.14.12

3/14/2012 FED Chairman Bernanke Speech (0400 HI time / 1000 EST)
Forecast: n/a
Actual: n/a
SPIKE /REVERSE
Started @ 106.54
Peak @ 106.71 – 0401 (1 min)
17 ticks

Reversal to 106.44 – 0417 (17 min)
27 ticks

Notes: Delayed spike as the spike did not start until 20 seconds after the 0401 candle started. Speech caused a minor upward impulse. Reversal took 17 minutes eventually fighting through the 50 SMA briefly to touch the 200 SMA. I would close when it penetrated the 50 SMA with the 200 nearby.