We expect a $475 movement on CL within the next 12 hours. We expect CL to trend downwards 12 hours following the Continuing Jobless Claims events in United States release because the released value is < 1327K. A price movement of 478 pips is expected. Historical events that allowed us to draw this conclusion
02 Jun 12:30 |
19 May 12:30 |
12 May 12:30 |
21 Apr 12:30 |
14 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
