We expect a $311 movement on CL within the next 12 hours. We expect CL to trend upwards 12 hours following the GDP Growth Rate QoQ events in Australia release because the released value is > 1%. A price movement of 339 pips is expected.
Historical events that allowed us to draw this conclusion
01 Jun 01:30 |
02 Mar 00:30 |
01 Dec 00:30 |
02 Jun 01:30 |
03 Mar 00:30 |
02 Dec 00:30 |
04 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
