Based on the last 12 KOF Leading Indicators events in Switzerland, we expect CL to trend upwards later today. Based on these past events there is a 75% chance of this. We expect CL to trend upwards 2 hours following the event release at 30 Jul 07:00 if the released value is < 75. A price movement of 63 pips is expected. Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
