We expect a $172 movement on CL within the next 12 hours.

We expect a $172 movement on CL within the next 12 hours. We expect CL to trend upwards 12 hours following the Unemployment Rate events in Germany release because the released value is < 5.5%. A price movement of 203 pips is expected. Historical events that allowed us to draw this conclusion

02 Mar 08:55

04 Jan 08:55

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