Reversal to 93.12 – 1032 (2 min)
2nd Peak @ 92.83 – 1037 (7 min)
Reversal to 93.15 – 1113 (43 min)
Notes: Slightly higher gain in crude inventories than expected, while gasoline saw a large drop and distillates saw no change. This prompted a relatively tame and small short move of 20 ticks that crossed the 50/100 SMAs near the origin and eclipsed the 200 SMA at the bottom. With JOBB and a 10 tick buffer, you would have filled short at 93.00 with 2 ticks of slippage. Then you would have seen it hover between your fill point and 92.95 after a brief dip to 92.92. Look to exit with a handful of ticks and move your stop loss to break even. After a quick reversal on the next bar to the origin, it achieved a 2nd peak of 29 ticks 5 min later, nearly reaching the PP Pivot. Then it chopped sideways caught between the interweaving SMAs and eventually hit a reversal peak of 31 ticks about 43 min after the report.