We expect a $18.986 movement on CL within 4 hours following the event release at 05 May 14:00.

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $18.986 movement on CL within 4 hours following the event release at 05 May 14:00. We expect CL to trend upwards 4 hours following the event release at 05 May 14:00 if the released value is < 32Historical events that allowed us to draw this conclusion

04 Dec 15:00
03 Oct 14:00
03 Jul 14:00
03 May 14:00

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

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