Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect NG to trend downwards right now. Based on these past events there is a 83.33% chance of this. We expect NG to trend downwards for the next 48 hours because the released value is > 7. A price movement of 22 pips is expected.
Historical events that allowed us to draw this conclusion
19 Sep 12:30 |
15 Aug 12:30 |
18 Jul 12:30 |
21 Mar 12:30 |
17 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
