Based on the last 12 Balance of Trade events in Germany, we expect a 142 pip movement on CL within 2 hours following the event release at 04 Apr 06:00 UTC. We expect CL to trend downwards 2 hours following the event release at 04 Apr 06:00 UTC if the released value is < €7.1B Historical events that allowed us to draw this conclusion

04 Mar 07:00

07 Jan 07:00

09 Dec 07:00

08 Oct 06:00

09 Sep 06:00

09 Aug 06:00

08 Jul 06:00

09 Apr 06:00