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We expect CL to trend upwards right now.

Based on the last 12 Unemployment Rate events in Euro Area, we expect CL to trend upwards right now. Based on these past events there is a 83.33% chance of this. We expect CL to trend upwards for the next 48 hours because the released value is < 8.3%. A price movement of 516 pips is expected. Historical events that allowed us to draw this conclusion

04 Mar 10:00
08 Jan 10:00
02 Jul 09:00
03 Jun 09:00
30 Apr 09:00

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

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We expect PL to trend downwards today with a 85.71% chance.

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Important price line being approached by US30. This price has been tested numerous times before.

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