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We expect a $117.268 movement on CL within 4 hours following the event release at 04 Apr 06:00.

Based on the last 12 Balance of Trade events in Germany, we expect a $117.268 movement on CL within 4 hours following the event release at 04 Apr 06:00. We expect CL to trend downwards 4 hours following the event release at 04 Apr 06:00 if the released value is < €7.1B Historical events that allowed us to draw this conclusion

09 Feb 07:00
09 Dec 07:00
08 Oct 06:00
09 Aug 06:00
08 Jul 06:00
09 Apr 06:00

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

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