We expect a $129 movement on CL within 4 hours following the release of Industrial Production YoY at 2023-03-15 10:00. We expect CL to trend downwards 4 hours following the event release at 2023-03-15 10:00 if the released value is > 0.2%. A price movement of 181 pips is expected.
Historical events that allowed us to draw this conclusion
14 Nov 10:00 |
12 Oct 09:00 |
12 Aug 09:00 |
13 Jul 09:00 |
20 Apr 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
