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We expect S to trend upwards for the next 2 hours.

Based on the last 12 PPI MoM events in United States, we could see a $9194 movement on S within the next 2 hours. We may see S trend upwards for 2 hours because the released value is > 0.1%

Historical events that allowed us to draw this conclusion

14 May 12:30
14 Mar 12:30
16 Feb 13:30
14 Sep 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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