MRCI Online
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| ScenarioSM Study for May Copper(CMX) as of May 09, 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Condition 1:
Higher Monthly Close. Action ---> Buy that month's close with objective of exceeding month's high within 2 months. | ||||||||||||
| Tested Month | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
| Tested Years | 44 | 44 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | |
| Closed Higher | 20 | 32 | 20 | 24 | 20 | 24 | 25 | 24 | 23 | 25 | 21 | |
| Exceeded High | 19 | 23 | 17 | 14 | 14 | 21 | 23 | 22 | 18 | 16 | 15 | |
| Scenario Percentage | 95% | 72% | 85% | 58% | 70% | 88% | 92% | 92% | 78% | 64% | 71% | |
| Avg Max Increase | 8.31% | 7.98% | 8.27% | 13.40% | 11.31% | 10.45% | 10.58% | 10.33% | 11.17% | 12.94% | 7.91% | |
| Max Increase | 29.45% | 35.14% | 25.32% | 34.02% | 19.38% | 37.37% | 41.67% | 27.92% | 45.27% | 68.90% | 24.72% | |
| Avg Days To Max Increase | 19 | 18 | 16 | 18 | 23 | 16 | 16 | 17 | 15 | 14 | 15 | |
| Avg Max Decline | -1.07% | -2.14% | -2.53% | -2.20% | -2.31% | -3.27% | -2.45% | -3.29% | -2.80% | -3.68% | -1.34% | |
| Max Decline | -4.42% | -14.38% | -7.32% | -8.34% | -5.67% | -9.98% | -9.22% | -11.06% | -10.75% | -8.66% | -5.67% | |
| Avg Days to Max Decline | 6 | 11 | 15 | 7 | 14 | 10 | 9 | 8 | 7 | 10 | 2 | |
| 2024 Contract Condition | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |||||
| Action | Yes | No | Yes | No | Yes | Yes | Not Yet | |||||
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Action ---> Sell that month's close with objective of penetrating month's low within 2 months.
