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There is a 66.67% chance of ES trending downwards

Based on past Canada GDP Growth Rate QoQ news events there is a 66.67% chance of ES trending downwards. We expect this to happen because the released value is > -12%. A price movement of 5,587 pips is expected.

Historical events that allowed us to draw this conclusion

29 Nov 13:30
30 Aug 12:30
30 Aug 12:30

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

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3m Co. is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 9 days.

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Support line breached by KC HRW Wheat DECEMBER 2020. This price has been tested at least twice before.

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