We expect CL to trend downwards for the next 12 hours. Based on these past United States Adp Employment Change news events there is a 85.71% chance of this. We expect this to happen because the released value is > 200K. A price movement of 397 pips is expected.
Historical events that allowed us to draw this conclusion
31 Aug 12:15 |
30 Mar 12:15 |
05 Jan 13:15 |
01 Dec 13:15 |
03 Nov 12:15 |
06 Oct 12:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
