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There is a 71.43% chance of NG trending upwards

Based on past Euro Area Industrial Production YoY news events there is a 71.43% chance of NG trending upwards. We expect this to happen if the released value is < -11.5%. A price movement of 11 pips is expected. Historical events that allowed us to draw this conclusion

14 Jul 09:00
13 May 09:00
14 Oct 09:00
12 Sep 09:00
14 Aug 09:00

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

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We expect GF to trend upwards today with a 80% chance.

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Gold DECEMBER 2020 experienced a very large 2 days bearish move to 1,898.2

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