Based on past United States Non Farm Payrolls news events there is a 75% chance of CL trending upwards. We expect this to happen because the released value is < 250K. A price movement of 378 pips is expected. Historical events that allowed us to draw this conclusion
01 Apr 12:30 |
03 Dec 13:30 |
08 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
