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We expect KW to trend upwards for the next 48 hours.

We expect KW to trend upwards for the next 48 hours. Based on these past United States Philadelphia Fed Manufacturing Index news events there is a 66.67% chance of this. We expect this to happen because the released value is > 22. A price movement of 2,625 pips is expected.

Historical events that allowed us to draw this conclusion

15 Oct 12:30
18 Jun 12:30
16 Jan 13:30
21 Nov 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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Support line breached by Soybeans JANUARY 2021. This price has been tested at least twice before.

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GER30 – approaching a price line that has been previously tested numerous times in the past

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