We expect CL to trend downwards for the next 4 hours. Based on these past United States Housing Starts news events there is a 85.71% chance of this. We expect this to happen because the released value is < 1.54M. A price movement of 318 pips is expected. Historical events that allowed us to draw this conclusion
18 May 12:30 |
17 Feb 13:30 |
17 Nov 13:30 |
18 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
