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We expect CL to trend upwards today with a 71.43% chance.

Based on past Canada Ivey PMI s.a news events there is a 71.43% chance of CL trending upwards. We expect this to happen if the released value is < 52.3. A price movement of 204 pips is expected. Historical events that allowed us to draw this conclusion

06 Jun 14:00
04 May 14:00
06 Mar 15:00
06 Jan 15:00
04 Nov 14:00

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

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