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A $146.956 movement could be seen on CL within 2 hours following the release of Balance of Trade.

If the released value is < €9.5B for the Balance of Trade event, we could see a $146.956 movement on CL within 2 hours following the release at 04 May 06:00. This movement may form an downwards trend for 2 hours following the event release at 04 May 06:00. Historical events that allowed us to draw this conclusion

04 Mar 07:00
07 Jan 07:00
09 Dec 07:00
08 Oct 06:00
09 Sep 06:00
09 Aug 06:00
08 Jul 06:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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