Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $0.045 movement on HG within the next 2 hours. We expect HG to trend downwards for the next 2 hours because the released value is < 0.6% Historical events that allowed us to draw this conclusion

12 Aug 09:00

14 Jul 09:00

12 May 09:00

14 Apr 09:00