CL 06 12 (1 Min) 05.03.12

5/3/2012 Weekly Unemployment Claims (0230 HI time / 0830 EDT)
Forecast: 381K
Actual:365K
SPIKE / RETRACE
Started @ 105.08
1st Peak @ 105.16 – 0231 (1 min)
8 ticks

Reversal to 104.96 – 0234 (4 min)
20 ticks

Notes: Report came in better than expected after 3 bad weeks with 365K. The spike yielded a meager 8 ticks, then reversed for 20 just below the 50 SMA in 4 min.