We expect a $407 movement on CL within the next 12 hours. We expect CL to trend upwards 12 hours following the ECB Interest Rate Decision events in Euro Area release because the released value is = 1.25%. A price movement of 443 pips is expected.
Historical events that allowed us to draw this conclusion
14 Apr 11:45 |
03 Feb 12:45 |
16 Dec 12:45 |
28 Oct 11:45 |
22 Jul 11:45 |
10 Jun 11:45 |
22 Apr 11:45 |
11 Mar 12:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
