CL could trend upwards later today. Based on these past United States New Home Sales news events there is a 75% chance of this. This could happen only if the released value is > 0.75M. The price movement may be as big as 150 pips.
Historical events that allowed us to draw this conclusion
26 Oct 14:00 |
24 Sep 14:00 |
24 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
