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ScenarioSM Study for July Orange Juice(ICE) 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 | 44 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | |
Closed Higher | 23 | 20 | 20 | 28 | 15 | 17 | 18 | 30 | 17 | 31 | 18 | |
Exceeded High | 18 | 16 | 18 | 17 | 10 | 7 | 15 | 23 | 12 | 18 | 12 | |
Scenario Percentage | 78% | 80% | 90% | 61% | 67% | 41% | 83% | 77% | 71% | 58% | 67% | |
Avg Max Increase | 11.82% | 13.94% | 9.27% | 13.99% | 13.82% | 13.23% | 11.55% | 12.44% | 14.57% | 8.40% | 5.35% | |
Max Increase | 41.65% | 43.02% | 24.27% | 62.51% | 28.36% | 23.78% | 31.32% | 37.82% | 36.23% | 24.06% | 9.31% | |
Avg Days To Max Increase | 17 | 14 | 16 | 14 | 15 | 23 | 17 | 19 | 22 | 9 | 7 | |
Avg Max Decline | -2.67% | -1.12% | -1.30% | -1.91% | -1.48% | -2.04% | -2.07% | -4.09% | -2.92% | -3.03% | -0.56% | |
Max Decline | -17.24% | -7.60% | -6.21% | -6.31% | -10.29% | -8.26% | -9.63% | -15.50% | -10.98% | -10.31% | -2.77% | |
Avg Days to Max Decline | 13 | 6 | 7 | 10 | 7 | 6 | 6 | 12 | 6 | 8 | 2 | |
2024 Contract Condition | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |||
Action | Yes | Yes | 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.