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

Based on past Euro Area Industrial Production YoY news events there is a 66.67% chance of OJ trending upwards. We expect this to happen because the released value is > 0.4%. A price movement of 1325 pips is expected.

Historical events that allowed us to draw this conclusion

13 May 09:00
20 Apr 09:00
16 Feb 10:00
14 Dec 10:00
12 Nov 10:00

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

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Esperamos que el CL adopte una tendencia descendente durante las próximas 4 horas. Basándonos en los últimos eventos de Producción Industrial (Anual) en Zona Euro, hay un 66,67% de probabilidades de que esto suceda.

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We expect GBPUSD to trend upwards for the next 4 hours.

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