We expect CL to trend upwards later today. Based on these past United States Durable Goods Orders MoM news events there is a 80% chance of this. We expect this to happen if the released value is < 2.8%. A price movement of 147 pips is expected. Historical events that allowed us to draw this conclusion
27 May 12:30 |
26 Apr 12:30 |
24 Mar 12:30 |
27 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
