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We expect SB to trend upwards today.

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect SB to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect SB to trend upwards 2 hours following the event release at 16 Oct 14:00 if the released value is > 80.5. A price movement of 8 pips is expected.

Historical events that allowed us to draw this conclusion

18 Sep 14:00
06 Dec 15:00
11 Oct 14:00

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

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A final push expected on Silver DECEMBER 2020 as it starts approaching a price line of 24.7250.

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