Based on past United States ISM Manufacturing PMI news events there is a 71.43% chance of CL trending downwards. We expect this to happen if the released value is > 50. A price movement of 183 pips is expected.
Historical events that allowed us to draw this conclusion
01 Sep 14:00 |
01 Aug 14:00 |
01 Jun 14:00 |
01 Dec 15:00 |
01 Nov 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
