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MRCI's Scenario Study

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MRCI's ScenarioSM Study
ScenarioSM Study for March Palladium(NYMEX) as of Jan 01, 2019
Condition 1: Higher Monthly Close.
Action ---> Buy that month's close with objective of exceeding month's high within 2 months.
Tested Month Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Tested Years   28 29 30 36 37 38 39 40 41 41 42
Closed Higher   14 10 12 23 14 24 21 21 24 32 23
Exceeded High   8 8 11 20 12 21 16 19 21 26 13
Scenario Percentage   57% 80% 92% 87% 86% 88% 76% 90% 88% 81% 57%
Avg Max Increase   10.56% 8.26% 12.88% 10.49% 13.06% 14.29% 13.18% 19.52% 23.81% 17.22% 8.80%
Max Increase   34.24% 18.37% 27.79% 32.84% 43.03% 35.66% 32.67% 86.19% 85.89% 72.27% 26.13%
Avg Days To Max Increase   17 14 21 15 15 16 16 20 17 17 17
Avg Max Decline   -4.45% -3.00% -0.86% -3.19% -0.77% -2.50% -2.38% -4.47% -2.52% -3.00% -2.97%
Max Decline   -10.81% -11.93% -6.65% -9.29% -4.50% -15.11% -13.35% -15.60% -7.88% -9.85% -8.11%
Avg Days to Max Decline   13 5 11 10 7 9 6 10 6 7 4
2018 Contract Condition   Yes   Yes Yes Yes Yes Yes Yes Yes   Yes
Action   Yes   Yes Yes Yes Yes Yes Yes Yes   Not Yet
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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 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Tested Years   28 29 30 36 37 38 39 40 41 41 42
Closed Lower   13 18 18 13 23 14 18 19 17 9 19
Penetrated Low   11 11 15 12 17 11 12 12 8 4 5
Scenario Percentage   85% 61% 83% 92% 74% 79% 67% 63% 47% 44% 26%
Avg Max Decline   10.47% 9.14% 8.19% 12.79% 11.55% 12.65% 13.65% 12.24% 9.52% 4.22% 8.87%
Max Decline   23.01% 21.59% 22.58% 48.57% 45.76% 22.13% 27.97% 44.17% 29.35% 6.94% 19.57%
Avg Days To Max Decline   16 16 13 19 16 16 17 15 21 5 10
Avg Max Increase   -2.06% -1.87% -1.65% -1.39% -2.25% -3.16% -5.08% -1.77% -5.25% -2.44% -0.20%
Max Increase   -10.08% -8.34% -11.53% -11.96% -12.56% -7.26% -18.35% -5.76% -14.46% -4.79% -3.04%
Avg Days to Max Increase   11 8 5 11 9 8 11 4 12 4 1
2018 Contract Condition     Yes               Yes  
Action     No               Yes  
High 816.00 827.90 817.85 863.15 878.55 939.75 980.55 993.10 1023.95 1064.50 1133.00 1060.30
Low 744.80 772.85 758.60 819.30 821.10 862.15 894.95 901.00 967.30 973.60 1021.90 952.50
Close/Last 800.40 827.90 815.15 823.20 870.05 928.75 932.25 971.00 1003.55 1061.00 1023.55 1047.20

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