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ScenarioSM Study for November Natural Gas(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 | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
Tested Years | 34 | 34 | 34 | 34 | 34 | 34 | 35 | 35 | 35 | 35 | 35 | |
Closed Higher | 11 | 14 | 16 | 19 | 21 | 23 | 17 | 14 | 14 | 18 | 18 | |
Exceeded High | 7 | 10 | 15 | 14 | 21 | 20 | 12 | 8 | 12 | 14 | 16 | |
Scenario Percentage | 64% | 71% | 94% | 74% | 100% | 87% | 71% | 57% | 86% | 78% | 89% | |
Avg Max Increase | 10.27% | 12.31% | 13.10% | 14.29% | 15.35% | 13.80% | 12.45% | 18.04% | 26.44% | 16.61% | 10.40% | |
Max Increase | 25.82% | 36.54% | 27.29% | 40.36% | 61.18% | 42.55% | 36.79% | 61.21% | 71.77% | 46.12% | 25.39% | |
Avg Days To Max Increase | 16 | 19 | 25 | 19 | 17 | 15 | 18 | 20 | 19 | 14 | 15 | |
Avg Max Decline | -1.61% | -1.46% | -3.13% | -1.92% | -2.74% | -3.92% | -4.10% | -5.14% | -5.55% | -4.49% | -4.77% | |
Max Decline | -4.68% | -5.09% | -14.34% | -7.06% | -7.12% | -11.02% | -16.13% | -16.70% | -20.10% | -18.73% | -14.71% | |
Avg Days to Max Decline | 12 | 6 | 12 | 6 | 9 | 8 | 10 | 12 | 10 | 9 | 4 | |
2024 Contract Condition | Yes | Yes | Yes | |||||||||
Action | Yes | Yes | Yes |
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Action ---> Sell that month's close with objective of penetrating month's low within 2 months.