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ScenarioSM Study for September Soybean Meal(CBOT) 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 | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
Tested Years | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | |
Closed Higher | 22 | 23 | 22 | 21 | 25 | 26 | 24 | 20 | 23 | 19 | 25 | |
Exceeded High | 18 | 15 | 17 | 17 | 20 | 20 | 18 | 13 | 18 | 11 | 18 | |
Scenario Percentage | 82% | 65% | 77% | 81% | 80% | 77% | 75% | 65% | 78% | 58% | 72% | |
Avg Max Increase | 7.95% | 9.19% | 8.43% | 9.63% | 7.73% | 11.37% | 14.55% | 16.26% | 12.21% | 13.08% | 4.76% | |
Max Increase | 16.31% | 33.81% | 19.81% | 29.54% | 19.70% | 40.06% | 58.77% | 35.87% | 29.95% | 32.53% | 11.15% | |
Avg Days To Max Increase | 15 | 18 | 21 | 22 | 20 | 14 | 16 | 17 | 18 | 14 | 7 | |
Avg Max Decline | -1.94% | -1.86% | -2.26% | -2.08% | -2.57% | -2.20% | -2.28% | -2.41% | -2.00% | -3.62% | -0.99% | |
Max Decline | -10.00% | -4.81% | -9.94% | -6.67% | -9.06% | -5.16% | -10.17% | -6.53% | -9.96% | -8.24% | -3.88% | |
Avg Days to Max Decline | 6 | 11 | 12 | 7 | 13 | 12 | 8 | 11 | 9 | 7 | 2 | |
2024 Contract Condition | Yes | Yes | Yes | Yes | Yes | |||||||
Action | Yes | No | Yes | Yes | No |
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Action ---> Sell that month's close with objective of penetrating month's low within 2 months.