We expect CL to trend upwards later today. Based on these past Germany ZEW Economic Sentiment Index news events there is a 75% chance of this. We expect this to happen if the released value is > 86. A price movement of 52 pips is expected.
Historical events that allowed us to draw this conclusion
11 May 09:00 |
16 Mar 10:00 |
16 Feb 10:00 |
19 Jan 10:00 |
15 Sep 09:00 |
11 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
