Based on the last 12 Industrial Production YoY events in Euro Area, we expect CL to trend downwards later today. Based on these past events there is a 80% chance of this. We expect CL to trend downwards 4 hours following the event release at 14 Dec 10:00 if the released value is > -4.4%. A price movement of 29 pips is expected.
Historical events that allowed us to draw this conclusion
14 Sep 09:00 |
16 Apr 09:00 |
12 Mar 10:00 |
12 Dec 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
