We expect CL to trend upwards later today. Based on these past United States GDP Growth Rate QoQ 2nd Est news events there is a 83.33% chance of this. We expect this to happen if the released value is > 2%. A price movement of 568 pips is expected.
Historical events that allowed us to draw this conclusion
29 Aug 12:30 |
29 Nov 13:30 |
30 Aug 12:30 |
26 May 12:30 |
29 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
