CL 08 12 (1 Min) 05.16.12

Caption for 5.16:
5/16/2012 Monthly Industrial Production (0315 HI time / 0915 EDT)
Forecast: 0.6%
Actual: 1.1%
Previous revision: -0.6% to -0.6%
DULL REACTION
Started @ 93.33
1st Peak @ 93.38 – 0316 (1 min)
5 ticks

Reverse to 93.26 – 0317 (2 min)
12 ticks

Notes: Report exceeded the forecast, but the previous report was largely revised downward. This caused a dull reaction and no more than 5 ticks move long and short from the origin initially. Close out JOBB after 10 seconds with no fill or decisive move.