Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect CL to trend downwards later today. Based on these past events there is a 75% chance of this. We expect CL to trend downwards 2 hours following the event release at 11 Dec 15:00 if the released value is > 76.5. A price movement of 117 pips is expected.
Historical events that allowed us to draw this conclusion
18 Sep 14:00 |
14 Aug 14:00 |
12 Jun 14:00 |
13 Mar 14:00 |
14 Feb 15:00 |
06 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
