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We expect CL to trend upwards today with a 77.78% chance.

Based on the last 12 Continuing Jobless Claims events in United States, we expect CL to trend upwards later today. Based on these past events there is a 77.78% chance of this. We expect CL to trend upwards 4 hours following the event release at 28 Jan 13:30 if the released value is < 5054K. A price movement of 111 pips is expected. Historical events that allowed us to draw this conclusion

14 Jan 13:30
07 Jan 13:30
31 Dec 13:30
23 Dec 13:30
17 Dec 13:30
03 Dec 13:30
12 Nov 13:30

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

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