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ScenarioSM Study for April Crude Oil(NYM) as of May 20, 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 | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
Tested Years | 38 | 39 | 40 | 40 | 40 | 40 | 40 | 41 | 41 | 41 | 41 | |
Closed Higher | 27 | 20 | 21 | 25 | 23 | 20 | 18 | 19 | 20 | 22 | 23 | |
Exceeded High | 22 | 14 | 19 | 22 | 17 | 17 | 12 | 17 | 20 | 18 | 18 | |
Scenario Percentage | 81% | 70% | 90% | 88% | 74% | 85% | 67% | 89% | 100% | 82% | 78% | |
Avg Max Increase | 7.57% | 9.66% | 8.11% | 9.35% | 10.98% | 7.92% | 11.13% | 13.13% | 13.06% | 15.84% | 10.38% | |
Max Increase | 30.99% | 20.17% | 19.95% | 52.11% | 37.03% | 23.10% | 19.04% | 26.67% | 35.74% | 50.88% | 36.34% | |
Avg Days To Max Increase | 14 | 14 | 18 | 21 | 14 | 14 | 23 | 15 | 18 | 13 | 11 | |
Avg Max Decline | -1.41% | -1.05% | -2.01% | -2.51% | -1.73% | -2.32% | -2.35% | -2.49% | -2.90% | -3.81% | -1.44% | |
Max Decline | -4.76% | -4.14% | -12.26% | -13.02% | -8.69% | -12.12% | -8.10% | -8.69% | -10.65% | -13.62% | -4.72% | |
Avg Days to Max Decline | 7 | 6 | 9 | 10 | 8 | 5 | 9 | 5 | 10 | 7 | 3 | |
2024 Contract Condition | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |||||
Action | No | Yes | Yes | Yes | No | Yes | Yes |
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Action ---> Sell that month's close with objective of penetrating month's low within 2 months.