Based on the last 12 Ivey PMI s.a events in Canada, we expect a 483 pip movement on CL within 4 hours following the event release at 2023-05-04 14:00. We expect CL to trend downwards 4 hours following the event release at 2023-05-04 14:00 if the released value is > 53
Historical events that allowed us to draw this conclusion
06 Dec 15:00 |
07 Sep 14:00 |
07 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
