CL 06 12 (1 Min) 05.02.12

5/2/2012 Monthly Factory Orders (0400 HI time / 1000 EDT)
Forecast: -1.5%
Actual: -1.5%
Previous Revision:-0.2% to 1.1%
DULL REACTION
Started @ 105.74
Peak @ 105.82 – 0401 (1 min)
8 ticks

Reversal to 105.47 – 0406 (6 min)
35 ticks

Notes: Report matched the forecast, but was overwhelmingly negative along with a small downward revision to the previous report. This caused a tiny spike of 8 ticks in 1 minute that crossed the 100 SMA at the origin. After hovering 2 ticks on either side of the JOBB long entry for most of the :01 candle, it reversed course to fall 35 ticks.