Based on the last 12 Housing Starts events in United States, we expect NG to trend downwards right now. Based on these past events there is a 71.43% chance of this. We expect NG to trend downwards for the next 12 hours because the released value is < 1.32M. A price movement of 6 pips is expected. Historical events that allowed us to draw this conclusion
16 Aug 12:30 |
17 Jul 12:30 |
26 Mar 12:30 |
26 Feb 13:30 |
20 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
