We expect a $117.533 movement on CL within 4 hours following the release of Balance of Trade at 08 Feb 13:30. We expect CL to trend upwards 4 hours following the event release at 08 Feb 13:30 if the released value is < $-83B. A price movement of 131 pips is expected. Historical events that allowed us to draw this conclusion
06 Jan 13:30 |
07 Dec 13:30 |
05 Oct 12:30 |
05 Aug 12:30 |
05 Mar 13:30 |
05 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
