Based on the last 12 Retail Sales MoM events in United States, we expect CL to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect CL to trend upwards 48 hours following the event release at 16 Dec 13:30 if the released value is < -0.3%. A price movement of 544 pips is expected. Historical events that allowed us to draw this conclusion
17 Nov 13:30 |
16 Sep 12:30 |
14 Aug 12:30 |
15 May 12:30 |
15 Apr 12:30 |
13 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
