We expect a $133 movement on CL within 4 hours following the event release at 2023-09-14 12:30.

Based on past United States Retail Sales MoM news events there is a 80% chance of CL trending downwards. We expect this to happen if the released value is > 0.2%. A price movement of 167 pips is expected.

Historical events that allowed us to draw this conclusion

15 Aug 12:30

15 Feb 13:30

16 Nov 13:30

15 Sep 12:30

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