Book Synopsis A Technical Analysis of the Oman Crude Oil Futures Contract by :
Download or read book A Technical Analysis of the Oman Crude Oil Futures Contract written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the weak-form efficiency of the Dubai Mercantile Exchange (DME) by way of empirically testing for the profitability of technical trading strategies on the price series of the Oman Crude Oil Futures Contract (OQD) from 2008 - 2014. The scholarly interests of this study is twofold: For one, it derives its practical relevance from the need for a well functioning crude benchmark on which crude exports from the Middle East to East Asia can be priced on. Secondly, this study contributes to the existing literature as it is the first study to employ technical trading strategies as a way to test the EMH on the Dubai Mercantile Exchange. The empirical examination includes parameter optimisation, in-sample and out-of-sample testing, risk-adjusted performance measures and tests on statistical significance. Overall, the analysis obtains mixed results, which do not allow for the definitive conclusion that the OQD futures market was weak-form inefficient during the examined time period.