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ScenarioSM Study for January Crude Oil(NYM) as of May 08, 2024 | ||||||||||||
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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 | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
Tested Years | 36 | 39 | 40 | 40 | 40 | 40 | 41 | 41 | 41 | 41 | 41 | |
Closed Higher | 15 | 21 | 27 | 27 | 20 | 20 | 26 | 22 | 21 | 19 | 18 | |
Exceeded High | 14 | 20 | 26 | 22 | 14 | 19 | 24 | 17 | 17 | 12 | 12 | |
Scenario Percentage | 93% | 95% | 96% | 81% | 70% | 95% | 92% | 77% | 81% | 63% | 67% | |
Avg Max Increase | 12.51% | 10.06% | 8.84% | 8.36% | 11.01% | 9.18% | 10.99% | 11.27% | 8.77% | 10.78% | 9.15% | |
Max Increase | 30.06% | 23.95% | 19.93% | 31.57% | 19.69% | 20.90% | 68.88% | 46.36% | 24.77% | 24.26% | 16.21% | |
Avg Days To Max Increase | 14 | 18 | 17 | 14 | 18 | 17 | 20 | 16 | 14 | 15 | 14 | |
Avg Max Decline | -1.97% | -1.63% | -2.44% | -1.81% | -1.31% | -2.46% | -2.64% | -2.99% | -3.26% | -2.27% | -1.09% | |
Max Decline | -9.54% | -13.11% | -9.96% | -5.44% | -5.66% | -13.78% | -14.17% | -13.14% | -13.15% | -5.97% | -3.13% | |
Avg Days to Max Decline | 6 | 9 | 10 | 10 | 6 | 10 | 9 | 8 | 5 | 7 | 3 | |
2024 Contract Condition | Yes | Yes | Yes | Yes | Yes | |||||||
Action | No | Yes | Yes | Yes | No |
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Action ---> Sell that month's close with objective of penetrating month's low within 2 months.