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We expect CL to trend upwards today with a 80% chance.

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”).

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We expect a 89 pip movement on UB within 4 hours following the event release.

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We expect a $93,327.125 movement on S within the next 48 hours.

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