We expect a $172 movement on CL within 4 hours following the release of Balance of Trade.

Based on past Australia Balance of Trade news events there is a 75% chance of CL trending downwards. We expect this to happen if the released value is > A$10.725B. A price movement of 177 pips is expected.

Historical events that allowed us to draw this conclusion

02 Jun 01:30

05 May 01:30

03 Mar 00:30

05 Oct 00:30

02 Sep 01:30

05 Aug 01:30

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