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IFTA JOURNAL<br />

2017 EDITION<br />

Crude Oil<br />

Analysis results for Crude Oil futures are mentioned below.<br />

1. According to the investigation for EMP 2.0 and price fluctuations rate, frequency ratio of EMP 2.0 and distribution for price<br />

fluctuations rate 1 day before had significant difference on Table 9. However, significant difference was not found due to unstable<br />

peak of EMP 2.0 as shown on the red line in Figure 9.<br />

2. There was no significant difference, even if EMP 2.0 and price fluctuations rate were divided into White candle day and Black candle day.<br />

3. According to test for result ratio in Table 9, there was significant difference for EMP 2.0 in the case of “DOWN” of 5-day moving<br />

average on Black candle day.<br />

Table 9. Crude oil, null hypothesis test<br />

Figure 9. Crude oil, EMP2.0 1 day before<br />

*Red: EMP 2.0 Frequency ratio distribution<br />

*Blue: All price fluctuations ratio distribution<br />

Table 10. Crude oil, trend composition test of equal or given proportions<br />

IFTA.ORG PAGE 21

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