We expect a $52.435 movement on CL within 12 hours following the release of ISM Manufacturing PMI at 01 Oct 14:00. We expect CL to trend upwards 12 hours following the event release at 01 Oct 14:00 if the released value is > 50.1. A price movement of 96 pips is expected.
Historical events that allowed us to draw this conclusion
01 Apr 14:00 |
01 Feb 15:00 |
03 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
