We expect NG to trend downwards right now.

Based on the last 12 Housing Starts events in United States, we expect NG to trend downwards right now. Based on these past events there is a 71.43% chance of this. We expect NG to trend downwards for the next 12 hours because the released value is < 1.32M. A price movement of 6 pips is expected. Historical events that allowed us to draw this conclusion

16 Aug 12:30

17 Jul 12:30

26 Mar 12:30

26 Feb 13:30

20 Nov 13:30

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