CL 04 12 (1 Min) 03.15.12

3/15/2011 Monthly Philly FED Manufacturing Index (0400 HI time / 1000 EDT)
Forecast: 11.9
Actual:12.5
Previous revision: n/a
DULL REACTION
Started @ 105.43
1st Peak @ 105.50 – 0401 (1 min)
7 ticks

Reversal to 105.33 – 0402 (2 min)
17 ticks

Notes: Report barely exceeded forecast, but basically matched it causing a dull reaction. I closed out after my order did not fill in 15 seconds. If you did not cancel the order, you would have filled long at about 105.49, then seen it pull back with about 3-4 ticks of heat at the close of the candle. Close out with the minor loss before it drops further.