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ScenarioSM Study for December Brent Crude Oil(ICE) as of Dec 27, 2023 | ||||||||||||
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Condition 1:
Higher Monthly Close. Action ---> Buy that month's close with objective of exceeding month's high within 2 months. | ||||||||||||
Tested Month | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
Tested Years | 25 | 29 | 29 | 29 | 32 | 32 | 32 | 34 | 34 | 34 | 35 | |
Closed Higher | 14 | 16 | 15 | 18 | 20 | 22 | 15 | 18 | 23 | 19 | 20 | |
Exceeded High | 12 | 14 | 14 | 17 | 18 | 18 | 13 | 17 | 22 | 14 | 14 | |
Scenario Percentage | 86% | 88% | 93% | 94% | 90% | 82% | 87% | 94% | 96% | 74% | 70% | |
Avg Max Increase | 8.76% | 11.69% | 13.84% | 11.84% | 10.69% | 10.83% | 9.90% | 10.14% | 14.00% | 16.00% | 7.51% | |
Max Increase | 16.86% | 25.51% | 41.31% | 32.80% | 22.25% | 33.88% | 17.35% | 19.80% | 86.32% | 53.95% | 14.72% | |
Avg Days To Max Increase | 13 | 16 | 14 | 17 | 18 | 16 | 16 | 16 | 19 | 16 | 16 | |
Avg Max Decline | -2.21% | -1.90% | -2.92% | -2.47% | -3.21% | -2.38% | -1.69% | -2.46% | -3.01% | -2.11% | -2.12% | |
Max Decline | -8.69% | -7.31% | -9.86% | -13.88% | -9.24% | -6.57% | -4.93% | -14.47% | -13.69% | -13.31% | -12.61% | |
Avg Days to Max Decline | 6 | 6 | 6 | 8 | 7 | 8 | 6 | 6 | 8 | 8 | 3 | |
2023 Contract Condition | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |||||
Action | No | No | No | Yes | Yes | Yes | Not Yet |
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Action ---> Sell that month's close with objective of penetrating month's low within 2 months.