CL 05 12 (1 Min) 04.17.12

4/17/2012 Monthly Industrial Production (0315 HI time / 0915 EDT)
Forecast: 0.4%
Actual: 0.0%
Previous revision: none
DULL REACTION
Started @ 104.68
1st Peak @ 104.60 – 0316 (1 min)
8 ticks

Reverse to 104.81 – 0317 (2 min)
21 ticks

Notes: Report fell short of forecast, with no previous report revision. Oddly this caused little impetus to move short as the market was in rally mode before the report release. The initial spike would have filled you short with JOBB, then you would have minutes later.