Based on the last 12 Non Farm Payrolls events in United States, we expect CL to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect CL to trend upwards 12 hours following the event release at 07 Feb 13:30 if the released value is > 160K. A price movement of 164 pips is expected.
Historical events that allowed us to draw this conclusion
06 Dec 13:30 |
01 Nov 12:30 |
05 Jul 12:30 |
05 Apr 12:30 |
01 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
