We expect a $227 movement on CL within 4 hours following the release of Non Farm Payrolls at 2023-03-10 13:30. We expect CL to trend upwards 4 hours following the event release at 2023-03-10 13:30 if the released value is > 205K. A price movement of 298 pips is expected.
Historical events that allowed us to draw this conclusion
06 Jan 13:30 |
04 Nov 12:30 |
07 Oct 12:30 |
02 Sep 12:30 |
05 Aug 12:30 |
08 Jul 12:30 |
03 Jun 12:30 |
06 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
