Based on the last 12 Balance of Trade events in Germany, we expect a $44.288 movement on CL within 12 hours following the event release at 07 May 06:00. We expect CL to trend downwards 12 hours following the event release at 07 May 06:00 if the released value is > €17.6B
Historical events that allowed us to draw this conclusion
09 Mar 07:00 |
07 Aug 06:00 |
08 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
