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We may see CL trend downwards today with a 66.67% chance.

CL could trend downwards later today. Based on these past Germany Unemployment Rate news events there is a 66.67% chance of this. This could happen only if the released value is = 5%. The price movement may be as big as 197 pips.

Historical events that allowed us to draw this conclusion

03 May 07:55
31 Mar 07:55
30 Nov 08:55
01 Jun 07:55

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

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