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MRCI's Scenario Study

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MRCI's ScenarioSM Study
ScenarioSM Study for March Palladium(NYMEX) as of May 10, 2021
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   31 32 33 39 40 41 42 43 44 44 45
Closed Higher   16 12 13 24 17 27 22 24 27 34 26
Exceeded High   9 10 12 21 15 24 17 22 24 28 13
Scenario Percentage   56% 83% 92% 88% 88% 89% 77% 92% 89% 82% 50%
Avg Max Increase   10.73% 9.22% 12.09% 10.62% 13.29% 13.73% 13.16% 19.65% 24.19% 17.63% 8.56%
Max Increase   34.24% 22.57% 27.79% 32.84% 43.03% 35.66% 32.67% 86.19% 85.89% 72.27% 26.13%
Avg Days To Max Increase   18 15 20 15 16 17 16 19 18 16 16
Avg Max Decline   -4.72% -3.00% -0.79% -3.06% -1.08% -2.67% -2.60% -4.30% -2.38% -2.65% -2.94%
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 7 10 9 8 9 6 10 6 6 4
2021 Contract Condition     Yes   Yes Yes Yes   Yes Yes   Yes
Action     Yes   Yes Yes Yes   Yes Yes   Yes
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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   31 32 33 39 40 41 42 43 44 44 45
Closed Lower   14 19 20 15 23 14 20 19 17 10 19
Penetrated Low   12 11 16 14 17 11 12 12 8 4 5
Scenario Percentage   86% 58% 80% 93% 74% 79% 60% 63% 47% 40% 26%
Avg Max Decline   10.44% 9.14% 8.42% 12.32% 11.55% 12.65% 13.65% 12.24% 9.52% 4.22% 8.64%
Max Decline   23.01% 21.59% 22.58% 48.57% 45.76% 22.13% 27.97% 44.17% 29.35% 6.94% 18.46%
Avg Days To Max Decline   15 16 13 17 16 16 17 15 21 5 9
Avg Max Increase   -1.60% -1.87% -1.59% -0.69% -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   10 8 5 9 9 8 11 4 12 4 1
2021 Contract Condition   Yes   Yes       Yes     Yes  
Action   Yes   No       No     Not Yet  
High 2434.30 2153.10 2144.00 2031.00 2411.40 2307.50 2435.50 2483.00 2529.70 2476.50 2536.50 2480.00
Low 1390.10 1853.30 1738.00 1842.20 1922.40 2143.90 2212.00 2198.10 2211.30 2228.00 2188.50 2208.00
Close/Last 2268.80 1932.10 1967.40 1963.30 2150.90 2281.70 2335.20 2227.80 2405.90 2453.80 2208.40 2310.10

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