CL 06 12 (1 Min) 05.10.12

5/10/2012 FED Chairman Bernanke Speech (0330 HI time / 0930 EST)
Forecast: n/a
Actual: n/a
SPIKE /REVERSE
Started @ 97.43
Peak @ 97.24 – 0333 (3 min)
19 ticks

Reversal to 97.48 – 0337 (7 min)
24 ticks

Notes: Small spike of 19 ticks that was achieved on the tail of the :33 candle to fight through the 50 SMA and R1 Pivot, but arrest before reaching the 100 SMA. Then the reversal gave back 24 ticks in a quick 4 min after the drop.