Apr 272013

ZC 05-13 (1 Min) 3_8_2013

Caption for 3/8:

3/8/2013 World Agriculture Supply and Demand Estimates (WASDE) – Corn (1200 EST)
Forecast:  n/a
Actual: n/a
Started @ 692.25
1st Peak @ 705.00 – 1201 (1 min)
51 ticks

Reversal to 690.25 – 1204 (4 min)
59 ticks

Notes:  Report Reaction caused a long spike of 51 ticks over 1 bar, that crossed all 3 major SMAs near the origin and the R1 / R2 Pivots.  With JOBB, you would have filled at about 695 with no slippage, then seen it hover for a several seconds before making its determined late rise to 705.  I played it conservatively only looking for a handful of ticks due to the slow development, but it would have been safe to wait until the end of the bar and garner 30+ ticks.  After the spike, it reversed to come back below the origin and extend the LOD by 4 ticks.  Then it recovered back up the R2 Pivot and traded between the R1 and R2 Pivots.