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MRCI's Scenario Study

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MRCI's ScenarioSM Study
ScenarioSM Study for January Crude Oil(NYM) as of May 08, 2024
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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Condition 2: Lower Monthly Close.
Action ---> Sell that month's close with objective of penetrating month's low 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 Lower   20 18 12 13 20 20 15 19 19 22 23
Penetrated Low   11 9 5 6 13 14 11 11 16 21 19
Scenario Percentage   55% 50% 42% 46% 65% 70% 73% 58% 84% 95% 83%
Avg Max Decline   15.74% 13.01% 13.31% 6.74% 9.12% 11.17% 12.72% 14.39% 13.78% 14.33% 11.60%
Max Decline   43.18% 43.00% 23.22% 14.46% 20.42% 34.56% 27.38% 47.12% 51.99% 47.46% 33.90%
Avg Days To Max Decline   19 20 19 20 17 16 17 18 16 14 13
Avg Max Increase   -2.75% -3.16% -3.78% -3.03% -0.79% -2.19% -2.69% -3.22% -3.59% -2.49% -2.43%
Max Increase   -8.26% -8.74% -9.87% -6.90% -2.69% -8.84% -15.61% -16.04% -19.01% -5.77% -7.11%
Avg Days to Max Increase   8 9 9 11 4 7 11 12 9 4 3
2024 Contract Condition   Yes Yes Yes   Yes         Yes Yes
Action   Yes Yes No   No         Yes Yes
High 78.88 79.28 77.16 77.57 78.41 73.36 72.72 80.01 82.20 90.27 88.37 83.20
Low 70.68 71.81 71.07 64.37 71.39 65.00 66.22 69.09 76.75 81.45 78.93 72.37
Close/Last 76.79 76.16 74.11 73.10 73.65 67.04 70.20 79.85 81.58 86.98 80.50 75.96

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