Sep 202012

CL 11 12 (1 Min) 09.20.12

9/20/2012 Weekly Unemployment Claims (0230 HI time / 0830 EDT)
Forecast: 374K
Actual: 382K
Started @ 92.05
1st Peak @ 91.96 – 0231 (1 min)
9 ticks

Reversal to 92.14 – 0231 (1 min)
18 ticks

Notes: Report came in mildly worse than the forecast by only 8K jobs. This caused a slow moving spike of 9 ticks that would have filled JOBB with no slippage, then hovered at the break even point before reversing for 18 ticks later in the bar. Close out at break even before the reversal slowly marches toward the stop loss. It may have had a 2nd peak at the 0239 point on the sharp drop, but it is inconclusive if that move was due to the claims.