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We expect a $0 movement on HG within 2 hours following the event release at 04 Sep 01:30.

Based on the last 12 Retail Sales MoM events in Australia, we expect a $0 movement on HG within 2 hours following the event release at 04 Sep 01:30. We expect HG to trend upwards 2 hours following the event release at 04 Sep 01:30 if the released value is > 3.3%

Historical events that allowed us to draw this conclusion

06 May 01:30
11 Jan 00:30

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

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After experiencing a 10.24% bullish move in the space of 25 days, nobody knows where Soybeans NOVEMBER 2020 is headed.

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There is a 66.67% chance of HG trending upwards

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