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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 Jun 29, 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
#NDX Higher Jun 1799.90 1963.80 1655.30 1830.80 57% 15 7 7 100% 1963.80 2099.68 1830.80
NDU1 Higher Jun 1823.00 2022.00 1671.00 1846.50 50% 4 3 3 100% 2022.00 2163.55 1846.50
BPU1 Lower Jun 141.18 141.56 136.64 140.94 87% 26 11 10 91% 136.64 132.43 140.94
HOU1 Lower Jun 78.31 83.55 70.80 72.23 11% 21 13 11 85% 70.80 66.25 72.23
SU1 Higher Jun 431.00 474.00 432.50 465.50 80% 41 20 17 85% 474.00 532.87 465.50
SX1 Higher Jun 432.25 470.00 429.00 464.00 85% 41 19 16 84% 470.00 527.81 464.00
SF2 Higher Jun 440.75 473.00 436.00 471.00 95% 41 19 16 84% 473.00 529.95 471.00
BOU1 Higher Jun 15.30 15.94 15.05 15.48 48% 41 17 15 88% 15.94 18.78 15.48
BOF2 Higher Jun 15.87 16.55 15.62 16.08 49% 40 19 16 84% 16.55 19.54 16.08
SMV1 Higher Jun 151.40 163.50 149.80 163.00 96% 41 20 17 85% 163.50 177.69 163.00
SMF2 Higher Jun 150.40 163.00 149.80 162.00 92% 39 20 17 85% 163.00 177.15 162.00
CU1 Lower Jun 200.50 209.25 192.00 197.25 30% 41 25 21 84% 192.00 170.65 197.25
CZ1 Lower Jun 211.50 220.50 202.25 208.25 33% 41 23 20 87% 202.25 182.04 208.25
WU1 Lower Jun 277.00 282.00 254.00 258.00 14% 41 27 23 85% 254.00 234.89 258.00
WZ1 Lower Jun 292.00 296.00 269.50 273.00 13% 41 25 21 84% 269.50 248.73 273.00
KWU1 Lower Jun 331.25 337.50 300.50 302.75 6% 25 17 15 88% 300.50 277.47 302.75
MWU1 Lower Jun 337.50 341.75 311.00 316.25 17% 20 13 12 92% 311.00 285.90 316.25
MWZ1 Lower Jun 348.00 351.50 322.25 328.75 22% 20 15 13 87% 322.25 297.52 328.75
RRU1 Lower Jun 5.42 5.83 5.10 5.26 22% 14 9 8 89% 5.10 4.80 5.26
PBQ1 Higher Jun 78.675 95.000 77.425 92.950 88% 38 16 14 88% 95.000 114.285 92.950
PBG2 Higher Jun 72.100 81.500 70.500 79.300 80% 36 13 11 85% 81.500 94.098 79.300
KCU1 Lower Jun 60.20 64.25 57.10 58.50 20% 27 22 19 86% 57.10 49.63 58.50
KCZ1 Lower Jun 64.25 67.75 61.10 62.25 17% 27 22 19 86% 61.10 53.80 62.25
SBV1 Higher Jun 8.32 9.38 8.21 9.36 98% 37 14 12 86% 9.38 10.47 9.36
SBH2 Higher Jun 8.03 8.98 7.94 8.97 99% 40 16 14 88% 8.98 10.01 8.97
LBU1 Lower Jun 306.0 332.0 294.0 303.2 24% 28 13 12 92% 294.0 261.3 303.2
LBX1 Lower Jun 295.7 324.5 287.3 291.9 12% 28 14 12 86% 287.3 257.0 291.9
CTV1 Lower Jun 43.50 45.60 40.45 41.70 24% 40 17 15 88% 40.45 36.88 41.70
CTZ1 Lower Jun 45.31 47.00 42.30 42.81 11% 40 16 14 88% 42.30 39.52 42.81


NASDAQ 100 Index
The #NDX(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1799.90(Prev Close), the market ended June at (Month Close), that being 57%(Pct Range) off of 1655.30(Month Low) to 1963.80(Month High).

In comparing the May/June closes for each of the last 15 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in June than May in 7(Cond Years) of those years. Of those 7, the #NDX went on to exceed the June high within the next 2 months in 7 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #NDX should exceed 1963.80(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 2099.68(Average Objective).

September NASDAQ 100(CME)
The NDU1(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1823.00(Prev Close), the market ended June at (Month Close), that being 50%(Pct Range) off of 1671.00(Month Low) to 2022.00(Month High).

In comparing the May/June closes for each of the last 4 years(Total Years), Scenario found that the September NASDAQ 100(CME) also closed higher in June than May in 3(Cond Years) of those years. Of those 3, NDU went on to exceed the June high within the next 2 months in 3 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NDU should exceed 2022.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 3 years) a potential move toward 2163.55(Average Objective).

September British Pound(IMM)
The BPU1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 141.18(Prev Close), the market ended June at (Month Close), that being 87%(Pct Range) off of 136.64(Month Low) to 141.56(Month High).

In comparing the May/June closes for each of the last 26 years(Total Years), Scenario found that the September British Pound(IMM) also closed lower in June than May in 11(Cond Years) of those years. Of those 11, BPU went on to penetrate the June low within the next 2 months in 10 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the BPU should penetrate 136.64(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 132.43(Average Objective).

September Heating Oil(NYM)
The HOU1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 78.31(Prev Close), the market ended June at (Month Close), that being 11%(Pct Range) off of 70.80(Month Low) to 83.55(Month High).

In comparing the May/June closes for each of the last 21 years(Total Years), Scenario found that the September Heating Oil(NYM) also closed lower in June than May in 13(Cond Years) of those years. Of those 13, HOU went on to penetrate the June 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 HOU should penetrate 70.80(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 66.25(Average Objective).

September Soybeans(CBOT)
The SU1(Mkt) ended Higher(Cond) for June(Month). Compared to May's 431.00(Prev Close), the market ended June at (Month Close), that being 80%(Pct Range) off of 432.50(Month Low) to 474.00(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the September Soybeans(CBOT) also closed higher in June than May in 20(Cond Years) of those years. Of those 20, SU went on to exceed the June high within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the SU should exceed 474.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 532.87(Average Objective).

November Soybeans(CBOT)
The SX1(Mkt) ended Higher(Cond) for June(Month). Compared to May's 432.25(Prev Close), the market ended June at (Month Close), that being 85%(Pct Range) off of 429.00(Month Low) to 470.00(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the November Soybeans(CBOT) also closed higher in June than May in 19(Cond Years) of those years. Of those 19, SX went on to exceed the June high within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the SX should exceed 470.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 527.81(Average Objective).

January Soybeans(CBOT)
The SF2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 440.75(Prev Close), the market ended June at (Month Close), that being 95%(Pct Range) off of 436.00(Month Low) to 473.00(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the January Soybeans(CBOT) also closed higher in June than May in 19(Cond Years) of those years. Of those 19, SF went on to exceed the June high within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the SF should exceed 473.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 529.95(Average Objective).

September Soybean Oil(CBOT)
The BOU1(Mkt) ended Higher(Cond) for June(Month). Compared to May's 15.30(Prev Close), the market ended June at (Month Close), that being 48%(Pct Range) off of 15.05(Month Low) to 15.94(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the September Soybean Oil(CBOT) also closed higher in June than May in 17(Cond Years) of those years. Of those 17, BOU went on to exceed the June high within the next 2 months in 15 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the BOU should exceed 15.94(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 18.78(Average Objective).

January Soybean Oil(CBOT)
The BOF2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 15.87(Prev Close), the market ended June at (Month Close), that being 49%(Pct Range) off of 15.62(Month Low) to 16.55(Month High).

In comparing the May/June closes for each of the last 40 years(Total Years), Scenario found that the January Soybean Oil(CBOT) also closed higher in June than May in 19(Cond Years) of those years. Of those 19, BOF went on to exceed the June high within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the BOF should exceed 16.55(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 19.54(Average Objective).

October Soybean Meal(CBOT)
The SMV1(Mkt) ended Higher(Cond) for June(Month). Compared to May's 151.40(Prev Close), the market ended June at (Month Close), that being 96%(Pct Range) off of 149.80(Month Low) to 163.50(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the October Soybean Meal(CBOT) also closed higher in June than May in 20(Cond Years) of those years. Of those 20, SMV went on to exceed the June high within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the SMV should exceed 163.50(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 177.69(Average Objective).

January Soybean Meal(CBOT)
The SMF2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 150.40(Prev Close), the market ended June at (Month Close), that being 92%(Pct Range) off of 149.80(Month Low) to 163.00(Month High).

In comparing the May/June closes for each of the last 39 years(Total Years), Scenario found that the January Soybean Meal(CBOT) also closed higher in June than May in 20(Cond Years) of those years. Of those 20, SMF went on to exceed the June high within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the SMF should exceed 163.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 177.15(Average Objective).

September Corn(CBOT)
The CU1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 200.50(Prev Close), the market ended June at (Month Close), that being 30%(Pct Range) off of 192.00(Month Low) to 209.25(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the September Corn(CBOT) also closed lower in June than May in 25(Cond Years) of those years. Of those 25, CU went on to penetrate the June low within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the CU should penetrate 192.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 170.65(Average Objective).

December Corn(CBOT)
The CZ1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 211.50(Prev Close), the market ended June at (Month Close), that being 33%(Pct Range) off of 202.25(Month Low) to 220.50(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the December Corn(CBOT) also closed lower in June than May in 23(Cond Years) of those years. Of those 23, CZ went on to penetrate the June 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 CZ should penetrate 202.25(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 182.04(Average Objective).

September Wheat(CBOT)
The WU1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 277.00(Prev Close), the market ended June at (Month Close), that being 14%(Pct Range) off of 254.00(Month Low) to 282.00(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the September Wheat(CBOT) also closed lower in June than May in 27(Cond Years) of those years. Of those 27, WU went on to penetrate the June low within the next 2 months in 23 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the WU should penetrate 254.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 234.89(Average Objective).

December Wheat(CBOT)
The WZ1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 292.00(Prev Close), the market ended June at (Month Close), that being 13%(Pct Range) off of 269.50(Month Low) to 296.00(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the December Wheat(CBOT) also closed lower in June than May in 25(Cond Years) of those years. Of those 25, WZ went on to penetrate the June low within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the WZ should penetrate 269.50(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 248.73(Average Objective).

September Wheat(KCBT)
The KWU1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 331.25(Prev Close), the market ended June at (Month Close), that being 6%(Pct Range) off of 300.50(Month Low) to 337.50(Month High).

In comparing the May/June closes for each of the last 25 years(Total Years), Scenario found that the September Wheat(KCBT) also closed lower in June than May in 17(Cond Years) of those years. Of those 17, KWU went on to penetrate the June low within the next 2 months in 15 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the KWU should penetrate 300.50(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 277.47(Average Objective).

September Wheat(MGE)
The MWU1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 337.50(Prev Close), the market ended June at (Month Close), that being 17%(Pct Range) off of 311.00(Month Low) to 341.75(Month High).

In comparing the May/June closes for each of the last 20 years(Total Years), Scenario found that the September Wheat(MGE) also closed lower in June than May in 13(Cond Years) of those years. Of those 13, MWU went on to penetrate the June low within the next 2 months in 12 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the MWU should penetrate 311.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 285.90(Average Objective).

December Wheat(MGE)
The MWZ1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 348.00(Prev Close), the market ended June at (Month Close), that being 22%(Pct Range) off of 322.25(Month Low) to 351.50(Month High).

In comparing the May/June closes for each of the last 20 years(Total Years), Scenario found that the December Wheat(MGE) also closed lower in June than May in 15(Cond Years) of those years. Of those 15, MWZ went on to penetrate the June low within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the MWZ should penetrate 322.25(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 297.52(Average Objective).

September Rough Rice(MCE)
The RRU1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 5.42(Prev Close), the market ended June at (Month Close), that being 22%(Pct Range) off of 5.10(Month Low) to 5.83(Month High).

In comparing the May/June closes for each of the last 14 years(Total Years), Scenario found that the September Rough Rice(MCE) also closed lower in June than May in 9(Cond Years) of those years. Of those 9, RRU went on to penetrate the June 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 RRU should penetrate 5.10(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 4.80(Average Objective).

August Pork Bellies(CME)
The PBQ1(Mkt) ended Higher(Cond) for June(Month). Compared to May's 78.675(Prev Close), the market ended June at (Month Close), that being 88%(Pct Range) off of 77.425(Month Low) to 95.000(Month High).

In comparing the May/June closes for each of the last 38 years(Total Years), Scenario found that the August Pork Bellies(CME) also closed higher in June than May in 16(Cond Years) of those years. Of those 16, PBQ went on to exceed the June high within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the PBQ should exceed 95.000(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 114.285(Average Objective).

February Pork Bellies(CME)
The PBG2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 72.100(Prev Close), the market ended June at (Month Close), that being 80%(Pct Range) off of 70.500(Month Low) to 81.500(Month High).

In comparing the May/June closes for each of the last 36 years(Total Years), Scenario found that the February Pork Bellies(CME) also closed higher in June than May in 13(Cond Years) of those years. Of those 13, PBG went on to exceed the June 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 PBG should exceed 81.500(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 94.098(Average Objective).

September Coffee "C"(CSCE)
The KCU1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 60.20(Prev Close), the market ended June at (Month Close), that being 20%(Pct Range) off of 57.10(Month Low) to 64.25(Month High).

In comparing the May/June closes for each of the last 27 years(Total Years), Scenario found that the September Coffee "C"(CSCE) also closed lower in June than May in 22(Cond Years) of those years. Of those 22, KCU went on to penetrate the June low within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the KCU should penetrate 57.10(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 49.63(Average Objective).

December Coffee "C"(CSCE)
The KCZ1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 64.25(Prev Close), the market ended June at (Month Close), that being 17%(Pct Range) off of 61.10(Month Low) to 67.75(Month High).

In comparing the May/June closes for each of the last 27 years(Total Years), Scenario found that the December Coffee "C"(CSCE) also closed lower in June than May in 22(Cond Years) of those years. Of those 22, KCZ went on to penetrate the June low within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the KCZ should penetrate 61.10(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 53.80(Average Objective).

October Sugar #11(CSCE)
The SBV1(Mkt) ended Higher(Cond) for June(Month). Compared to May's 8.32(Prev Close), the market ended June at (Month Close), that being 98%(Pct Range) off of 8.21(Month Low) to 9.38(Month High).

In comparing the May/June closes for each of the last 37 years(Total Years), Scenario found that the October Sugar #11(CSCE) also closed higher in June than May in 14(Cond Years) of those years. Of those 14, SBV went on to exceed the June 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 SBV should exceed 9.38(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 10.47(Average Objective).

March Sugar #11(CSCE)
The SBH2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 8.03(Prev Close), the market ended June at (Month Close), that being 99%(Pct Range) off of 7.94(Month Low) to 8.98(Month High).

In comparing the May/June closes for each of the last 40 years(Total Years), Scenario found that the March Sugar #11(CSCE) also closed higher in June than May in 16(Cond Years) of those years. Of those 16, SBH went on to exceed the June high within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the SBH should exceed 8.98(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 10.01(Average Objective).

September Lumber(CME)
The LBU1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 306.0(Prev Close), the market ended June at (Month Close), that being 24%(Pct Range) off of 294.0(Month Low) to 332.0(Month High).

In comparing the May/June closes for each of the last 28 years(Total Years), Scenario found that the September Lumber(CME) also closed lower in June than May in 13(Cond Years) of those years. Of those 13, LBU went on to penetrate the June low within the next 2 months in 12 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the LBU should penetrate 294.0(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 261.3(Average Objective).

November Lumber(CME)
The LBX1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 295.7(Prev Close), the market ended June at (Month Close), that being 12%(Pct Range) off of 287.3(Month Low) to 324.5(Month High).

In comparing the May/June closes for each of the last 28 years(Total Years), Scenario found that the November Lumber(CME) also closed lower in June than May in 14(Cond Years) of those years. Of those 14, LBX went on to penetrate the June 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 LBX should penetrate 287.3(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 257.0(Average Objective).

October Cotton(CTN)
The CTV1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 43.50(Prev Close), the market ended June at (Month Close), that being 24%(Pct Range) off of 40.45(Month Low) to 45.60(Month High).

In comparing the May/June closes for each of the last 40 years(Total Years), Scenario found that the October Cotton(CTN) also closed lower in June than May in 17(Cond Years) of those years. Of those 17, CTV went on to penetrate the June low within the next 2 months in 15 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the CTV should penetrate 40.45(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 36.88(Average Objective).

December Cotton(CTN)
The CTZ1(Mkt) ended Lower(Cond) for June(Month). Compared to May's 45.31(Prev Close), the market ended June at (Month Close), that being 11%(Pct Range) off of 42.30(Month Low) to 47.00(Month High).

In comparing the May/June closes for each of the last 40 years(Total Years), Scenario found that the December Cotton(CTN) also closed lower in June than May in 16(Cond Years) of those years. Of those 16, CTZ went on to penetrate the June low within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the CTZ should penetrate 42.30(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 39.52(Average Objective).