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MRCI's ScenarioSM Summary

Copyright © 2001 Moore Research Center, Inc. All Rights Reserved.
Some data provided by Prophetfinance.com
ScenarioSM Summary Jan 31, 2001
Historical Data Scenario Data Current Market Data

Mkt

Cond

Month
Prev
Close
Month
High
Month
Low
Month
Close
Pct
Range
Total
Years
Cond
Years
Action
Years

Pct
Scenario
Objective
Average
Objective
Last
Price
#DJ Higher Jan 10788.00 11028.00 10468.00 10887.00 75% 45 30 27 90% 11028.00 11615.10 10887.00
#TRAN Higher Jan 2946.60 3210.80 2814.10 3107.80 74% 29 19 18 95% 3210.80 3457.63 3107.80
#OEX Higher Jan 686.45 723.10 662.55 715.20 87% 17 12 12 100% 723.10 759.42 715.20
#YX Higher Jan 656.90 664.50 633.40 664.20 99% 17 12 12 100% Yes 696.43 664.20
#RUT Higher Jan 483.54 515.22 457.56 508.34 88% 22 14 12 86% 515.22 548.22 508.34
#MID Higher Jan 516.74 533.82 481.34 527.90 89% 19 13 13 100% 533.82 562.17 527.90
#VLE Higher Jan 1124.80 1245.50 1089.70 1232.70 92% 17 12 12 100% 1245.50 1317.88 1232.70
#SSNI Higher Jan 13786 14187 13124 13826 66% 18 12 12 100% Yes 15104 13826
#SP Higher Jan 1320.30 1383.35 1274.60 1366.00 84% 45 28 27 96% 1383.35 1449.17 1366.00
SPH1 Higher Jan 1335.00 1390.00 1287.50 1372.90 83% 18 14 13 93% 1390.00 1459.32 1372.90
SPM1 Higher Jan 1352.70 1398.70 1303.50 1388.30 89% 18 14 13 93% 1398.70 1484.59 1388.30
YXH1 Higher Jan 659.90 673.00 637.50 666.55 82% 18 13 11 85% 673.00 705.80 666.55
YXM1 Higher Jan 668.40 674.50 650.70 673.05 94% 18 13 13 100% 674.50 707.90 673.05
USH1 Lower Jan 104~20 106~30 101~31 104~02 42% 23 10 9 90% 101~31 97~14 104~02
USM1 Lower Jan 104~18 106~16 101~22 103~23 42% 23 10 9 90% 101~22 97~01 103~23
SFH1 Lower Jan 62.17 63.04 60.19 61.10 32% 25 17 16 94% 60.19 57.97 61.10
SFM1 Lower Jan 62.57 63.46 60.52 61.40 30% 25 17 16 94% 60.52 57.89 61.40
HGH1 Higher Jan 84.30 86.40 80.20 84.55 70% 41 24 21 88% 86.40 97.41 84.55
CLK1 Higher Jan 25.34 28.80 25.50 27.41 58% 17 10 9 90% 28.80 31.69 27.41
CLM1 Higher Jan 25.12 28.10 25.10 26.99 63% 17 10 9 90% 28.10 30.61 26.99
CLN1 Higher Jan 24.92 27.50 24.80 26.59 66% 17 9 8 89% 27.50 29.95 26.59
HOK1 Lower Jan 71.44 76.90 69.50 71.06 21% 21 13 11 85% 69.50 60.80 71.06
HUK1 Higher Jan 82.58 89.70 82.40 86.03 50% 15 10 9 90% 89.70 98.36 86.03
SMH1 Lower Jan 189.60 190.20 164.50 165.30 3% 41 19 18 95% 164.50 155.29 165.30
SMK1 Lower Jan 184.60 185.30 163.50 164.40 4% 41 20 20 100% 163.50 155.14 164.40
SMN1 Lower Jan 182.00 183.20 162.50 164.00 7% 41 21 21 100% 162.50 154.22 164.00
SMQ1 Lower Jan 180.50 189.00 161.50 163.10 6% 40 21 20 95% 161.50 153.58 163.10
CK1 Lower Jan 239.50 239.75 215.00 217.00 8% 41 20 19 95% 215.00 204.70 217.00
CN1 Lower Jan 246.25 247.00 223.50 225.00 6% 41 21 20 95% 223.50 213.67 225.00
CU1 Lower Jan 253.25 254.00 232.00 233.00 5% 41 20 19 95% 232.00 223.20 233.00
WK1 Lower Jan 290.25 305.00 280.00 285.00 20% 41 24 22 92% 280.00 263.57 285.00
WN1 Lower Jan 300.50 316.50 291.00 295.75 19% 41 23 20 87% 291.00 274.81 295.75
KWK1 Lower Jan 339.75 350.00 323.25 328.75 21% 24 12 12 100% 323.25 310.66 328.75
KWN1 Lower Jan 345.00 359.00 333.00 337.50 17% 24 11 11 100% 333.00 318.24 337.50
KWU1 Lower Jan 352.50 365.50 336.00 346.00 34% 24 11 11 100% 336.00 321.03 346.00
MWH1 Lower Jan 327.25 336.25 318.50 321.75 18% 20 7 7 100% 318.50 305.08 321.75
MWK1 Lower Jan 335.25 344.00 326.50 329.00 14% 20 10 10 100% 326.50 314.89 329.00
MWN1 Lower Jan 342.00 350.75 334.50 336.25 11% 20 10 9 90% 334.50 323.84 336.25
LCJ1 Lower Jan 79.125 81.000 76.375 76.825 10% 33 8 7 88% 76.375 72.077 76.825
FCK1 Lower Jan 89.475 89.900 85.050 85.550 10% 29 9 8 89% 85.050 80.328 85.550
KCK1 Lower Jan 68.50 74.50 65.00 66.45 15% 27 16 15 94% 65.00 60.23 66.45
KCN1 Lower Jan 71.50 77.00 68.20 68.90 8% 27 14 13 93% 68.20 63.15 68.90
KCU1 Lower Jan 74.50 79.50 70.75 71.30 6% 27 14 12 86% 70.75 65.49 71.30
CCK1 Higher Jan 773 1084 765 1029 83% 41 11 10 91% 1084 1164 1029
CTH1 Lower Jan 62.28 62.20 58.25 61.36 79% 40 20 17 85% 58.25 56.02 61.36
CTN1 Lower Jan 66.00 65.80 60.30 61.59 23% 41 20 17 85% 60.30 57.58 61.59


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for January(Month). Compared to December's 10788.00(Prev Close), the market ended January at (Month Close), that being 75%(Pct Range) off of 10468.00(Month Low) to 11028.00(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in January than December in 30(Cond Years) of those years. Of those 30, the #DJ went on to exceed the January high within the next 2 months in 27 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the the #DJ should exceed 11028.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 11615.10(Average Objective).

Dow Jones Transportation
The #TRAN(Mkt) ended Higher(Cond) for January(Month). Compared to December's 2946.60(Prev Close), the market ended January at (Month Close), that being 74%(Pct Range) off of 2814.10(Month Low) to 3210.80(Month High).

In comparing the December/January closes for each of the last 29 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in January than December in 19(Cond Years) of those years. Of those 19, the #TRAN went on to exceed the January high within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the the #TRAN should exceed 3210.80(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 3457.63(Average Objective).

S & P 100(OEX)
The #OEX(Mkt) ended Higher(Cond) for January(Month). Compared to December's 686.45(Prev Close), the market ended January at (Month Close), that being 87%(Pct Range) off of 662.55(Month Low) to 723.10(Month High).

In comparing the December/January closes for each of the last 17 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in January than December in 12(Cond Years) of those years. Of those 12, the #OEX went on to exceed the January high within the next 2 months in 12 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #OEX should exceed 723.10(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 759.42(Average Objective).

NYSE Composite Index
The #YX(Mkt) ended Higher(Cond) for January(Month). Compared to December's 656.90(Prev Close), the market ended January at (Month Close), that being 99%(Pct Range) off of 633.40(Month Low) to 664.50(Month High).

In comparing the December/January closes for each of the last 17 years(Total Years), Scenario found that the NYSE Composite Index also closed higher in January than December in 12(Cond Years) of those years. Of those 12, the #YX went on to exceed the January high within the next 2 months in 12 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #YX should exceed 664.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 696.43(Average Objective).

Russell 2000 Index
The #RUT(Mkt) ended Higher(Cond) for January(Month). Compared to December's 483.54(Prev Close), the market ended January at (Month Close), that being 88%(Pct Range) off of 457.56(Month Low) to 515.22(Month High).

In comparing the December/January closes for each of the last 22 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in January than December in 14(Cond Years) of those years. Of those 14, the #RUT went on to exceed the January high within the next 2 months in 12 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the the #RUT should exceed 515.22(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 548.22(Average Objective).

S & P Midcap 400 Index
The #MID(Mkt) ended Higher(Cond) for January(Month). Compared to December's 516.74(Prev Close), the market ended January at (Month Close), that being 89%(Pct Range) off of 481.34(Month Low) to 533.82(Month High).

In comparing the December/January closes for each of the last 19 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed higher in January than December in 13(Cond Years) of those years. Of those 13, the #MID went on to exceed the January high within the next 2 months in 13 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #MID should exceed 533.82(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 562.17(Average Objective).

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for January(Month). Compared to December's 1124.80(Prev Close), the market ended January at (Month Close), that being 92%(Pct Range) off of 1089.70(Month Low) to 1245.50(Month High).

In comparing the December/January closes for each of the last 17 years(Total Years), Scenario found that the Value Line Index also closed higher in January than December in 12(Cond Years) of those years. Of those 12, the #VLE went on to exceed the January high within the next 2 months in 12 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #VLE should exceed 1245.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 1317.88(Average Objective).

Nikkei 225 Index
The #SSNI(Mkt) ended Higher(Cond) for January(Month). Compared to December's 13786(Prev Close), the market ended January at (Month Close), that being 66%(Pct Range) off of 13124(Month Low) to 14187(Month High).

In comparing the December/January closes for each of the last 18 years(Total Years), Scenario found that the Nikkei 225 Index also closed higher in January than December in 12(Cond Years) of those years. Of those 12, the #SSNI went on to exceed the January high within the next 2 months in 12 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #SSNI should exceed 14187(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 15104(Average Objective).

S & P 500 Stock Index
The #SP(Mkt) ended Higher(Cond) for January(Month). Compared to December's 1320.30(Prev Close), the market ended January at (Month Close), that being 84%(Pct Range) off of 1274.60(Month Low) to 1383.35(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in January than December in 28(Cond Years) of those years. Of those 28, the #SP went on to exceed the January high within the next 2 months in 27 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the the #SP should exceed 1383.35(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 1449.17(Average Objective).

March S & P 500(CME)
The SPH1(Mkt) ended Higher(Cond) for January(Month). Compared to December's 1335.00(Prev Close), the market ended January at (Month Close), that being 83%(Pct Range) off of 1287.50(Month Low) to 1390.00(Month High).

In comparing the December/January closes for each of the last 18 years(Total Years), Scenario found that the March S & P 500(CME) also closed higher in January than December in 14(Cond Years) of those years. Of those 14, SPH went on to exceed the January high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the SPH should exceed 1390.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 1459.32(Average Objective).

June S & P 500(CME)
The SPM1(Mkt) ended Higher(Cond) for January(Month). Compared to December's 1352.70(Prev Close), the market ended January at (Month Close), that being 89%(Pct Range) off of 1303.50(Month Low) to 1398.70(Month High).

In comparing the December/January closes for each of the last 18 years(Total Years), Scenario found that the June S & P 500(CME) also closed higher in January than December in 14(Cond Years) of those years. Of those 14, SPM went on to exceed the January high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the SPM should exceed 1398.70(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 1484.59(Average Objective).

March NYSE Composite(NYBOT)
The YXH1(Mkt) ended Higher(Cond) for January(Month). Compared to December's 659.90(Prev Close), the market ended January at (Month Close), that being 82%(Pct Range) off of 637.50(Month Low) to 673.00(Month High).

In comparing the December/January closes for each of the last 18 years(Total Years), Scenario found that the March NYSE Composite(NYBOT) also closed higher in January than December in 13(Cond Years) of those years. Of those 13, YXH went on to exceed the January high within the next 2 months in 11 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the YXH should exceed 673.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 705.80(Average Objective).

June NYSE Composite(NYBOT)
The YXM1(Mkt) ended Higher(Cond) for January(Month). Compared to December's 668.40(Prev Close), the market ended January at (Month Close), that being 94%(Pct Range) off of 650.70(Month Low) to 674.50(Month High).

In comparing the December/January closes for each of the last 18 years(Total Years), Scenario found that the June NYSE Composite(NYBOT) also closed higher in January than December in 13(Cond Years) of those years. Of those 13, YXM went on to exceed the January high within the next 2 months in 13 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the YXM should exceed 674.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 707.90(Average Objective).

March 30-Year T-Bonds(CBOT)
The USH1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 104~20(Prev Close), the market ended January at (Month Close), that being 42%(Pct Range) off of 101~31(Month Low) to 106~30(Month High).

In comparing the December/January closes for each of the last 23 years(Total Years), Scenario found that the March 30-Year T-Bonds(CBOT) also closed lower in January than December in 10(Cond Years) of those years. Of those 10, USH went on to penetrate the January low within the next 2 months in 9 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the USH should penetrate 101~31(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 97~14(Average Objective).

June 30-Year T-Bonds(CBOT)
The USM1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 104~18(Prev Close), the market ended January at (Month Close), that being 42%(Pct Range) off of 101~22(Month Low) to 106~16(Month High).

In comparing the December/January closes for each of the last 23 years(Total Years), Scenario found that the June 30-Year T-Bonds(CBOT) also closed lower in January than December in 10(Cond Years) of those years. Of those 10, USM went on to penetrate the January low within the next 2 months in 9 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the USM should penetrate 101~22(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 97~01(Average Objective).

March Swiss Franc(IMM)
The SFH1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 62.17(Prev Close), the market ended January at (Month Close), that being 32%(Pct Range) off of 60.19(Month Low) to 63.04(Month High).

In comparing the December/January closes for each of the last 25 years(Total Years), Scenario found that the March Swiss Franc(IMM) also closed lower in January than December in 17(Cond Years) of those years. Of those 17, SFH went on to penetrate the January low within the next 2 months in 16 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the SFH should penetrate 60.19(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 57.97(Average Objective).

June Swiss Franc(IMM)
The SFM1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 62.57(Prev Close), the market ended January at (Month Close), that being 30%(Pct Range) off of 60.52(Month Low) to 63.46(Month High).

In comparing the December/January closes for each of the last 25 years(Total Years), Scenario found that the June Swiss Franc(IMM) also closed lower in January than December in 17(Cond Years) of those years. Of those 17, SFM went on to penetrate the January low within the next 2 months in 16 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the SFM should penetrate 60.52(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 57.89(Average Objective).

March Copper(CMX)
The HGH1(Mkt) ended Higher(Cond) for January(Month). Compared to December's 84.30(Prev Close), the market ended January at (Month Close), that being 70%(Pct Range) off of 80.20(Month Low) to 86.40(Month High).

In comparing the December/January closes for each of the last 41 years(Total Years), Scenario found that the March Copper(CMX) also closed higher in January than December in 24(Cond Years) of those years. Of those 24, HGH went on to exceed the January high within the next 2 months in 21 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the HGH should exceed 86.40(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 97.41(Average Objective).

May Crude Oil(NYM)
The CLK1(Mkt) ended Higher(Cond) for January(Month). Compared to December's 25.34(Prev Close), the market ended January at (Month Close), that being 58%(Pct Range) off of 25.50(Month Low) to 28.80(Month High).

In comparing the December/January closes for each of the last 17 years(Total Years), Scenario found that the May Crude Oil(NYM) also closed higher in January than December in 10(Cond Years) of those years. Of those 10, CLK went on to exceed the January high within the next 2 months in 9 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the CLK should exceed 28.80(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 31.69(Average Objective).

June Crude Oil(NYM)
The CLM1(Mkt) ended Higher(Cond) for January(Month). Compared to December's 25.12(Prev Close), the market ended January at (Month Close), that being 63%(Pct Range) off of 25.10(Month Low) to 28.10(Month High).

In comparing the December/January closes for each of the last 17 years(Total Years), Scenario found that the June Crude Oil(NYM) also closed higher in January than December in 10(Cond Years) of those years. Of those 10, CLM went on to exceed the January high within the next 2 months in 9 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the CLM should exceed 28.10(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 30.61(Average Objective).

July Crude Oil(NYM)
The CLN1(Mkt) ended Higher(Cond) for January(Month). Compared to December's 24.92(Prev Close), the market ended January at (Month Close), that being 66%(Pct Range) off of 24.80(Month Low) to 27.50(Month High).

In comparing the December/January closes for each of the last 17 years(Total Years), Scenario found that the July Crude Oil(NYM) also closed higher in January than December in 9(Cond Years) of those years. Of those 9, CLN went on to exceed the January high within the next 2 months in 8 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the CLN should exceed 27.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 29.95(Average Objective).

May Heating Oil(NYM)
The HOK1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 71.44(Prev Close), the market ended January at (Month Close), that being 21%(Pct Range) off of 69.50(Month Low) to 76.90(Month High).

In comparing the December/January closes for each of the last 21 years(Total Years), Scenario found that the May Heating Oil(NYM) also closed lower in January than December in 13(Cond Years) of those years. Of those 13, HOK went on to penetrate the January low within the next 2 months in 11 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the HOK should penetrate 69.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 60.80(Average Objective).

May Unleaded Gas(NYM)
The HUK1(Mkt) ended Higher(Cond) for January(Month). Compared to December's 82.58(Prev Close), the market ended January at (Month Close), that being 50%(Pct Range) off of 82.40(Month Low) to 89.70(Month High).

In comparing the December/January closes for each of the last 15 years(Total Years), Scenario found that the May Unleaded Gas(NYM) also closed higher in January than December in 10(Cond Years) of those years. Of those 10, HUK went on to exceed the January high within the next 2 months in 9 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the HUK should exceed 89.70(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 98.36(Average Objective).

March Soybean Meal(CBOT)
The SMH1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 189.60(Prev Close), the market ended January at (Month Close), that being 3%(Pct Range) off of 164.50(Month Low) to 190.20(Month High).

In comparing the December/January closes for each of the last 41 years(Total Years), Scenario found that the March Soybean Meal(CBOT) also closed lower in January than December in 19(Cond Years) of those years. Of those 19, SMH went on to penetrate the January low within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the SMH should penetrate 164.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 155.29(Average Objective).

May Soybean Meal(CBOT)
The SMK1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 184.60(Prev Close), the market ended January at (Month Close), that being 4%(Pct Range) off of 163.50(Month Low) to 185.30(Month High).

In comparing the December/January closes for each of the last 41 years(Total Years), Scenario found that the May Soybean Meal(CBOT) also closed lower in January than December in 20(Cond Years) of those years. Of those 20, SMK went on to penetrate the January low within the next 2 months in 20 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the SMK should penetrate 163.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 155.14(Average Objective).

July Soybean Meal(CBOT)
The SMN1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 182.00(Prev Close), the market ended January at (Month Close), that being 7%(Pct Range) off of 162.50(Month Low) to 183.20(Month High).

In comparing the December/January closes for each of the last 41 years(Total Years), Scenario found that the July Soybean Meal(CBOT) also closed lower in January than December in 21(Cond Years) of those years. Of those 21, SMN went on to penetrate the January low within the next 2 months in 21 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the SMN should penetrate 162.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 154.22(Average Objective).

August Soybean Meal(CBOT)
The SMQ1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 180.50(Prev Close), the market ended January at (Month Close), that being 6%(Pct Range) off of 161.50(Month Low) to 189.00(Month High).

In comparing the December/January closes for each of the last 40 years(Total Years), Scenario found that the August Soybean Meal(CBOT) also closed lower in January than December in 21(Cond Years) of those years. Of those 21, SMQ went on to penetrate the January low within the next 2 months in 20 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the SMQ should penetrate 161.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 153.58(Average Objective).

May Corn(CBOT)
The CK1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 239.50(Prev Close), the market ended January at (Month Close), that being 8%(Pct Range) off of 215.00(Month Low) to 239.75(Month High).

In comparing the December/January closes for each of the last 41 years(Total Years), Scenario found that the May Corn(CBOT) also closed lower in January than December in 20(Cond Years) of those years. Of those 20, CK went on to penetrate the January low within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the CK should penetrate 215.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 204.70(Average Objective).

July Corn(CBOT)
The CN1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 246.25(Prev Close), the market ended January at (Month Close), that being 6%(Pct Range) off of 223.50(Month Low) to 247.00(Month High).

In comparing the December/January closes for each of the last 41 years(Total Years), Scenario found that the July Corn(CBOT) also closed lower in January than December in 21(Cond Years) of those years. Of those 21, CN went on to penetrate the January low within the next 2 months in 20 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the CN should penetrate 223.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 213.67(Average Objective).

September Corn(CBOT)
The CU1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 253.25(Prev Close), the market ended January at (Month Close), that being 5%(Pct Range) off of 232.00(Month Low) to 254.00(Month High).

In comparing the December/January closes for each of the last 41 years(Total Years), Scenario found that the September Corn(CBOT) also closed lower in January than December in 20(Cond Years) of those years. Of those 20, CU went on to penetrate the January low within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the CU should penetrate 232.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 223.20(Average Objective).

May Wheat(CBOT)
The WK1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 290.25(Prev Close), the market ended January at (Month Close), that being 20%(Pct Range) off of 280.00(Month Low) to 305.00(Month High).

In comparing the December/January closes for each of the last 41 years(Total Years), Scenario found that the May Wheat(CBOT) also closed lower in January than December in 24(Cond Years) of those years. Of those 24, WK went on to penetrate the January low within the next 2 months in 22 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the WK should penetrate 280.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 263.57(Average Objective).

July Wheat(CBOT)
The WN1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 300.50(Prev Close), the market ended January at (Month Close), that being 19%(Pct Range) off of 291.00(Month Low) to 316.50(Month High).

In comparing the December/January closes for each of the last 41 years(Total Years), Scenario found that the July Wheat(CBOT) also closed lower in January than December in 23(Cond Years) of those years. Of those 23, WN went on to penetrate the January low within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the WN should penetrate 291.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 274.81(Average Objective).

May Wheat(KCBT)
The KWK1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 339.75(Prev Close), the market ended January at (Month Close), that being 21%(Pct Range) off of 323.25(Month Low) to 350.00(Month High).

In comparing the December/January closes for each of the last 24 years(Total Years), Scenario found that the May Wheat(KCBT) also closed lower in January than December in 12(Cond Years) of those years. Of those 12, KWK went on to penetrate the January low within the next 2 months in 12 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the KWK should penetrate 323.25(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 310.66(Average Objective).

July Wheat(KCBT)
The KWN1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 345.00(Prev Close), the market ended January at (Month Close), that being 17%(Pct Range) off of 333.00(Month Low) to 359.00(Month High).

In comparing the December/January closes for each of the last 24 years(Total Years), Scenario found that the July Wheat(KCBT) also closed lower in January than December in 11(Cond Years) of those years. Of those 11, KWN went on to penetrate the January low within the next 2 months in 11 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the KWN should penetrate 333.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 318.24(Average Objective).

September Wheat(KCBT)
The KWU1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 352.50(Prev Close), the market ended January at (Month Close), that being 34%(Pct Range) off of 336.00(Month Low) to 365.50(Month High).

In comparing the December/January closes for each of the last 24 years(Total Years), Scenario found that the September Wheat(KCBT) also closed lower in January than December in 11(Cond Years) of those years. Of those 11, KWU went on to penetrate the January low within the next 2 months in 11 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the KWU should penetrate 336.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 321.03(Average Objective).

March Wheat(MGE)
The MWH1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 327.25(Prev Close), the market ended January at (Month Close), that being 18%(Pct Range) off of 318.50(Month Low) to 336.25(Month High).

In comparing the December/January closes for each of the last 20 years(Total Years), Scenario found that the March Wheat(MGE) also closed lower in January than December in 7(Cond Years) of those years. Of those 7, MWH went on to penetrate the January low within the next 2 months in 7 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the MWH should penetrate 318.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 305.08(Average Objective).

May Wheat(MGE)
The MWK1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 335.25(Prev Close), the market ended January at (Month Close), that being 14%(Pct Range) off of 326.50(Month Low) to 344.00(Month High).

In comparing the December/January closes for each of the last 20 years(Total Years), Scenario found that the May Wheat(MGE) also closed lower in January than December in 10(Cond Years) of those years. Of those 10, MWK went on to penetrate the January low within the next 2 months in 10 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the MWK should penetrate 326.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 314.89(Average Objective).

July Wheat(MGE)
The MWN1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 342.00(Prev Close), the market ended January at (Month Close), that being 11%(Pct Range) off of 334.50(Month Low) to 350.75(Month High).

In comparing the December/January closes for each of the last 20 years(Total Years), Scenario found that the July Wheat(MGE) also closed lower in January than December in 10(Cond Years) of those years. Of those 10, MWN went on to penetrate the January low within the next 2 months in 9 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the MWN should penetrate 334.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 323.84(Average Objective).

April Live Cattle(CME)
The LCJ1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 79.125(Prev Close), the market ended January at (Month Close), that being 10%(Pct Range) off of 76.375(Month Low) to 81.000(Month High).

In comparing the December/January closes for each of the last 33 years(Total Years), Scenario found that the April Live Cattle(CME) also closed lower in January than December in 8(Cond Years) of those years. Of those 8, LCJ went on to penetrate the January low within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the LCJ should penetrate 76.375(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 72.077(Average Objective).

May Feeder Cattle(CME)
The FCK1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 89.475(Prev Close), the market ended January at (Month Close), that being 10%(Pct Range) off of 85.050(Month Low) to 89.900(Month High).

In comparing the December/January closes for each of the last 29 years(Total Years), Scenario found that the May Feeder Cattle(CME) also closed lower in January than December in 9(Cond Years) of those years. Of those 9, FCK went on to penetrate the January low within the next 2 months in 8 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the FCK should penetrate 85.050(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 80.328(Average Objective).

May Coffee "C"(NYBOT)
The KCK1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 68.50(Prev Close), the market ended January at (Month Close), that being 15%(Pct Range) off of 65.00(Month Low) to 74.50(Month High).

In comparing the December/January closes for each of the last 27 years(Total Years), Scenario found that the May Coffee "C"(NYBOT) also closed lower in January than December in 16(Cond Years) of those years. Of those 16, KCK went on to penetrate the January low within the next 2 months in 15 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the KCK should penetrate 65.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 60.23(Average Objective).

July Coffee "C"(NYBOT)
The KCN1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 71.50(Prev Close), the market ended January at (Month Close), that being 8%(Pct Range) off of 68.20(Month Low) to 77.00(Month High).

In comparing the December/January closes for each of the last 27 years(Total Years), Scenario found that the July Coffee "C"(NYBOT) also closed lower in January than December in 14(Cond Years) of those years. Of those 14, KCN went on to penetrate the January low within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the KCN should penetrate 68.20(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 63.15(Average Objective).

September Coffee "C"(NYBOT)
The KCU1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 74.50(Prev Close), the market ended January at (Month Close), that being 6%(Pct Range) off of 70.75(Month Low) to 79.50(Month High).

In comparing the December/January closes for each of the last 27 years(Total Years), Scenario found that the September Coffee "C"(NYBOT) also closed lower in January than December in 14(Cond Years) of those years. Of those 14, KCU went on to penetrate the January low within the next 2 months in 12 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the KCU should penetrate 70.75(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 65.49(Average Objective).

May Cocoa(NYBOT)
The CCK1(Mkt) ended Higher(Cond) for January(Month). Compared to December's 773(Prev Close), the market ended January at (Month Close), that being 83%(Pct Range) off of 765(Month Low) to 1084(Month High).

In comparing the December/January closes for each of the last 41 years(Total Years), Scenario found that the May Cocoa(NYBOT) also closed higher in January than December in 11(Cond Years) of those years. Of those 11, CCK went on to exceed the January high within the next 2 months in 10 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the CCK should exceed 1084(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 1164(Average Objective).

March Cotton(NYBOT)
The CTH1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 62.28(Prev Close), the market ended January at (Month Close), that being 79%(Pct Range) off of 58.25(Month Low) to 62.20(Month High).

In comparing the December/January closes for each of the last 40 years(Total Years), Scenario found that the March Cotton(NYBOT) also closed lower in January than December in 20(Cond Years) of those years. Of those 20, CTH went on to penetrate the January low within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the CTH should penetrate 58.25(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 56.02(Average Objective).

July Cotton(NYBOT)
The CTN1(Mkt) ended Lower(Cond) for January(Month). Compared to December's 66.00(Prev Close), the market ended January at (Month Close), that being 23%(Pct Range) off of 60.30(Month Low) to 65.80(Month High).

In comparing the December/January closes for each of the last 41 years(Total Years), Scenario found that the July Cotton(NYBOT) also closed lower in January than December in 20(Cond Years) of those years. Of those 20, CTN went on to penetrate the January low within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the CTN should penetrate 60.30(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 57.58(Average Objective).