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ScenarioSM Study for August Crude Oil(NYM) as of Dec 06, 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 | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
Tested Years | 35 | 37 | 39 | 40 | 40 | 40 | 41 | 41 | 42 | 42 | 42 | |
Closed Higher | 19 | 17 | 18 | 19 | 19 | 21 | 25 | 28 | 26 | 20 | 23 | |
Exceeded High | 16 | 14 | 11 | 16 | 18 | 19 | 23 | 25 | 22 | 17 | 19 | |
Scenario Percentage | 84% | 82% | 61% | 84% | 95% | 90% | 92% | 89% | 85% | 85% | 83% | |
Avg Max Increase | 9.19% | 7.48% | 10.21% | 11.72% | 11.30% | 13.54% | 11.61% | 10.80% | 9.91% | 11.05% | 6.56% | |
Max Increase | 28.65% | 20.96% | 14.74% | 22.27% | 27.85% | 37.68% | 29.56% | 24.96% | 28.31% | 18.91% | 13.21% | |
Avg Days To Max Increase | 15 | 14 | 23 | 15 | 19 | 17 | 18 | 16 | 15 | 15 | 12 | |
Avg Max Decline | -1.28% | -1.38% | -2.09% | -1.85% | -1.95% | -3.33% | -2.14% | -3.25% | -3.02% | -2.97% | -1.35% | |
Max Decline | -4.92% | -7.41% | -9.42% | -8.41% | -9.24% | -10.57% | -14.27% | -11.02% | -9.71% | -10.55% | -4.21% | |
Avg Days to Max Decline | 9 | 5 | 13 | 5 | 7 | 8 | 9 | 8 | 10 | 7 | 4 | |
2024 Contract Condition | Yes | Yes | Yes | Yes | Yes | Yes | ||||||
Action | Yes | No | Yes | Yes | Yes | Yes |
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Action ---> Sell that month's close with objective of penetrating month's low within 2 months.