We expect a $45.574 movement on CL within the next 2 hours. We expect CL to trend upwards 2 hours following the New Home Sales events in United States release because the released value is > 0.7M. A price movement of 68 pips is expected.
Historical events that allowed us to draw this conclusion
23 Apr 14:00 |
24 Feb 15:00 |
23 Dec 15:00 |
25 Nov 15:00 |
24 Sep 14:00 |
25 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
