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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 May 31, 2002
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
#SSNI Higher May 11493 12081 11251 11770 63% 20 9 8 89% Yes 12502 11770
SPU2 Lower May 1078.90 1108.00 1048.70 1067.20 31% 20 7 6 86% Yes 1023.71 1067.20
USU2 Higher May 101~06 101~30 98~22 101~09 80% 24 11 11 100% Yes 106~18 101~09
TYU2 Higher May 104~085 105~160 102~285 105~125 96% 19 8 8 100% Yes 108~212 105~125
EDU2 Higher May 97.450 97.720 97.420 97.695 92% 20 9 8 89% Yes 98.234 97.695
EDZ2 Higher May 96.880 97.150 96.745 97.140 98% 20 10 9 90% Yes 97.754 97.140
JYU2 Higher May 78.42 81.84 78.14 81.61 94% 25 10 10 100% Yes 84.97 81.61
BPU2 Higher May 144.52 145.86 143.70 145.56 86% 27 9 8 89% Yes 155.19 145.56
ADU2 Higher May 53.27 56.15 53.01 55.91 92% 15 6 6 100% Yes 57.07 55.91
HGN2 Higher May 73.90 76.55 71.25 75.20 75% 42 18 16 89% Yes 84.04 75.20
HUU2 Lower May 76.62 80.00 71.40 71.83 5% 17 8 7 88% Yes 63.36 71.83
HUV2 Lower May 73.02 76.05 68.58 68.58 0% 17 8 7 88% Yes 61.65 68.58
HUX2 Lower May 71.27 74.30 67.08 67.08 0% 16 8 7 88% Yes 60.54 67.08
NGU2 Lower May 3.848 3.970 3.305 3.325 3% 12 6 6 100% Yes 2.814 3.325
NGV2 Lower May 3.848 3.975 3.340 3.362 3% 12 5 5 100% Yes 2.892 3.362
SQ2 Higher May 463.50 505.00 455.50 503.50 97% 40 19 16 84% 505.00 590.14 503.50
SU2 Higher May 457.25 495.00 450.25 493.00 96% 42 19 16 84% 495.00 571.61 493.00
SX2 Higher May 457.00 488.00 450.50 487.00 97% 42 19 18 95% 488.00 545.72 487.00
FCV2 Lower May 77.775 79.250 73.750 74.280 10% 30 12 11 92% 73.750 69.202 74.280
LEQ2 Lower May 51.225 53.400 45.400 46.880 19% 32 16 16 100% 45.400 41.855 46.880
LEV2 Lower May 43.050 44.100 37.600 39.600 31% 32 16 15 94% 37.600 34.011 39.600
LEZ2 Lower May 40.300 41.100 36.025 37.585 31% 32 15 15 100% 36.025 31.914 37.585
PBQ2 Lower May 67.000 68.900 54.750 57.380 19% 39 25 23 92% 54.750 44.933 57.380
PBG3 Lower May 64.400 66.900 59.500 60.300 11% 35 19 18 95% 59.500 52.616 60.300
KCU2 Lower May 55.35 55.85 51.25 54.35 67% 28 14 12 86% 51.25 43.23 54.35
KCZ2 Lower May 57.80 58.50 54.25 56.85 61% 28 13 11 85% 54.25 44.55 56.85
SBV2 Higher May 5.29 5.84 5.07 5.78 92% 38 15 13 87% 5.84 6.72 5.78
CCU2 Higher May 1474 1600 1422 1578 88% 42 15 13 87% 1600 1759 1578
CCZ2 Higher May 1419 1544 1388 1524 87% 42 15 13 87% 1544 1706 1524
LBU2 Lower May 286.3 303.3 276.7 282.8 23% 29 12 11 92% 276.7 250.5 282.8


Nikkei 225 Index
The #SSNI(Mkt) ended Higher(Cond) for May(Month). Compared to April's 11493(Prev Close), the market ended May at (Month Close), that being 63%(Pct Range) off of 11251(Month Low) to 12081(Month High).

In comparing the April/May closes for each of the last 20 years(Total Years), Scenario found that the Nikkei 225 Index also closed higher in May than April in 9(Cond Years) of those years. Of those 9, the #SSNI went on to exceed the May 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 the #SSNI should exceed 12081(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 12502(Average Objective).

September S & P 500(CME)
The SPU2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 1078.90(Prev Close), the market ended May at (Month Close), that being 31%(Pct Range) off of 1048.70(Month Low) to 1108.00(Month High).

In comparing the April/May closes for each of the last 20 years(Total Years), Scenario found that the September S & P 500(CME) also closed lower in May than April in 7(Cond Years) of those years. Of those 7, SPU went on to penetrate the May low within the next 2 months in 6 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the SPU should penetrate 1048.70(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 1023.71(Average Objective).

September 30-Year T-Bonds(CBOT)
The USU2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 101~06(Prev Close), the market ended May at (Month Close), that being 80%(Pct Range) off of 98~22(Month Low) to 101~30(Month High).

In comparing the April/May closes for each of the last 24 years(Total Years), Scenario found that the September 30-Year T-Bonds(CBOT) also closed higher in May than April in 11(Cond Years) of those years. Of those 11, USU went on to exceed the May high within the next 2 months in 11 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the USU should exceed 101~30(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 106~18(Average Objective).

September 10-Year T-Notes(CBOT)
The TYU2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 104~085(Prev Close), the market ended May at (Month Close), that being 96%(Pct Range) off of 102~285(Month Low) to 105~160(Month High).

In comparing the April/May closes for each of the last 19 years(Total Years), Scenario found that the September 10-Year T-Notes(CBOT) also closed higher in May than April in 8(Cond Years) of those years. Of those 8, TYU went on to exceed the May high within the next 2 months in 8 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the TYU should exceed 105~160(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 108~212(Average Objective).

September Eurodollars(IMM)
The EDU2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 97.450(Prev Close), the market ended May at (Month Close), that being 92%(Pct Range) off of 97.420(Month Low) to 97.720(Month High).

In comparing the April/May closes for each of the last 20 years(Total Years), Scenario found that the September Eurodollars(IMM) also closed higher in May than April in 9(Cond Years) of those years. Of those 9, EDU went on to exceed the May 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 EDU should exceed 97.720(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 98.234(Average Objective).

December Eurodollars(IMM)
The EDZ2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 96.880(Prev Close), the market ended May at (Month Close), that being 98%(Pct Range) off of 96.745(Month Low) to 97.150(Month High).

In comparing the April/May closes for each of the last 20 years(Total Years), Scenario found that the December Eurodollars(IMM) also closed higher in May than April in 10(Cond Years) of those years. Of those 10, EDZ went on to exceed the May 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 EDZ should exceed 97.150(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 97.754(Average Objective).

September Japanese Yen(IMM)
The JYU2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 78.42(Prev Close), the market ended May at (Month Close), that being 94%(Pct Range) off of 78.14(Month Low) to 81.84(Month High).

In comparing the April/May closes for each of the last 25 years(Total Years), Scenario found that the September Japanese Yen(IMM) also closed higher in May than April in 10(Cond Years) of those years. Of those 10, JYU went on to exceed the May high within the next 2 months in 10 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the JYU should exceed 81.84(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 84.97(Average Objective).

September British Pound(IMM)
The BPU2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 144.52(Prev Close), the market ended May at (Month Close), that being 86%(Pct Range) off of 143.70(Month Low) to 145.86(Month High).

In comparing the April/May closes for each of the last 27 years(Total Years), Scenario found that the September British Pound(IMM) also closed higher in May than April in 9(Cond Years) of those years. Of those 9, BPU went on to exceed the May 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 BPU should exceed 145.86(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 155.19(Average Objective).

September Australian Dollar(IMM)
The ADU2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 53.27(Prev Close), the market ended May at (Month Close), that being 92%(Pct Range) off of 53.01(Month Low) to 56.15(Month High).

In comparing the April/May closes for each of the last 15 years(Total Years), Scenario found that the September Australian Dollar(IMM) also closed higher in May than April in 6(Cond Years) of those years. Of those 6, ADU went on to exceed the May high within the next 2 months in 6 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the ADU should exceed 56.15(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 57.07(Average Objective).

July Copper(CMX)
The HGN2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 73.90(Prev Close), the market ended May at (Month Close), that being 75%(Pct Range) off of 71.25(Month Low) to 76.55(Month High).

In comparing the April/May closes for each of the last 42 years(Total Years), Scenario found that the July Copper(CMX) also closed higher in May than April in 18(Cond Years) of those years. Of those 18, HGN went on to exceed the May high within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the HGN should exceed 76.55(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 84.04(Average Objective).

September Unleaded Gas(NYM)
The HUU2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 76.62(Prev Close), the market ended May at (Month Close), that being 5%(Pct Range) off of 71.40(Month Low) to 80.00(Month High).

In comparing the April/May closes for each of the last 17 years(Total Years), Scenario found that the September Unleaded Gas(NYM) also closed lower in May than April in 8(Cond Years) of those years. Of those 8, HUU went on to penetrate the May 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 HUU should penetrate 71.40(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 63.36(Average Objective).

October Unleaded Gas(NYM)
The HUV2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 73.02(Prev Close), the market ended May at (Month Close), that being 0%(Pct Range) off of 68.58(Month Low) to 76.05(Month High).

In comparing the April/May closes for each of the last 17 years(Total Years), Scenario found that the October Unleaded Gas(NYM) also closed lower in May than April in 8(Cond Years) of those years. Of those 8, HUV went on to penetrate the May 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 HUV should penetrate 68.58(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 61.65(Average Objective).

November Unleaded Gas(NYM)
The HUX2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 71.27(Prev Close), the market ended May at (Month Close), that being 0%(Pct Range) off of 67.08(Month Low) to 74.30(Month High).

In comparing the April/May closes for each of the last 16 years(Total Years), Scenario found that the November Unleaded Gas(NYM) also closed lower in May than April in 8(Cond Years) of those years. Of those 8, HUX went on to penetrate the May 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 HUX should penetrate 67.08(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 60.54(Average Objective).

September Natural Gas(NYM)
The NGU2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 3.848(Prev Close), the market ended May at (Month Close), that being 3%(Pct Range) off of 3.305(Month Low) to 3.970(Month High).

In comparing the April/May closes for each of the last 12 years(Total Years), Scenario found that the September Natural Gas(NYM) also closed lower in May than April in 6(Cond Years) of those years. Of those 6, NGU went on to penetrate the May low within the next 2 months in 6 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NGU should penetrate 3.305(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 2.814(Average Objective).

October Natural Gas(NYM)
The NGV2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 3.848(Prev Close), the market ended May at (Month Close), that being 3%(Pct Range) off of 3.340(Month Low) to 3.975(Month High).

In comparing the April/May closes for each of the last 12 years(Total Years), Scenario found that the October Natural Gas(NYM) also closed lower in May than April in 5(Cond Years) of those years. Of those 5, NGV went on to penetrate the May low within the next 2 months in 5 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NGV should penetrate 3.340(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 5 years) a potential move toward 2.892(Average Objective).

August Soybeans(CBOT)
The SQ2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 463.50(Prev Close), the market ended May at (Month Close), that being 97%(Pct Range) off of 455.50(Month Low) to 505.00(Month High).

In comparing the April/May closes for each of the last 40 years(Total Years), Scenario found that the August Soybeans(CBOT) also closed higher in May than April in 19(Cond Years) of those years. Of those 19, SQ went on to exceed the May 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 SQ should exceed 505.00(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 590.14(Average Objective).

September Soybeans(CBOT)
The SU2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 457.25(Prev Close), the market ended May at (Month Close), that being 96%(Pct Range) off of 450.25(Month Low) to 495.00(Month High).

In comparing the April/May closes for each of the last 42 years(Total Years), Scenario found that the September Soybeans(CBOT) also closed higher in May than April in 19(Cond Years) of those years. Of those 19, SU went on to exceed the May 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 SU should exceed 495.00(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 571.61(Average Objective).

November Soybeans(CBOT)
The SX2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 457.00(Prev Close), the market ended May at (Month Close), that being 97%(Pct Range) off of 450.50(Month Low) to 488.00(Month High).

In comparing the April/May closes for each of the last 42 years(Total Years), Scenario found that the November Soybeans(CBOT) also closed higher in May than April in 19(Cond Years) of those years. Of those 19, SX went on to exceed the May 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 SX should exceed 488.00(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 545.72(Average Objective).

October Feeder Cattle(CME)
The FCV2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 77.775(Prev Close), the market ended May at (Month Close), that being 10%(Pct Range) off of 73.750(Month Low) to 79.250(Month High).

In comparing the April/May closes for each of the last 30 years(Total Years), Scenario found that the October Feeder Cattle(CME) also closed lower in May than April in 12(Cond Years) of those years. Of those 12, FCV went on to penetrate the May low within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the FCV should penetrate 73.750(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 69.202(Average Objective).

August Lean Hogs(CME)
The LEQ2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 51.225(Prev Close), the market ended May at (Month Close), that being 19%(Pct Range) off of 45.400(Month Low) to 53.400(Month High).

In comparing the April/May closes for each of the last 32 years(Total Years), Scenario found that the August Lean Hogs(CME) also closed lower in May than April in 16(Cond Years) of those years. Of those 16, LEQ went on to penetrate the May low within the next 2 months in 16 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the LEQ should penetrate 45.400(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 41.855(Average Objective).

October Lean Hogs(CME)
The LEV2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 43.050(Prev Close), the market ended May at (Month Close), that being 31%(Pct Range) off of 37.600(Month Low) to 44.100(Month High).

In comparing the April/May closes for each of the last 32 years(Total Years), Scenario found that the October Lean Hogs(CME) also closed lower in May than April in 16(Cond Years) of those years. Of those 16, LEV went on to penetrate the May 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 LEV should penetrate 37.600(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 34.011(Average Objective).

December Lean Hogs(CME)
The LEZ2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 40.300(Prev Close), the market ended May at (Month Close), that being 31%(Pct Range) off of 36.025(Month Low) to 41.100(Month High).

In comparing the April/May closes for each of the last 32 years(Total Years), Scenario found that the December Lean Hogs(CME) also closed lower in May than April in 15(Cond Years) of those years. Of those 15, LEZ went on to penetrate the May low within the next 2 months in 15 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the LEZ should penetrate 36.025(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 31.914(Average Objective).

August Pork Bellies(CME)
The PBQ2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 67.000(Prev Close), the market ended May at (Month Close), that being 19%(Pct Range) off of 54.750(Month Low) to 68.900(Month High).

In comparing the April/May closes for each of the last 39 years(Total Years), Scenario found that the August Pork Bellies(CME) also closed lower in May than April in 25(Cond Years) of those years. Of those 25, PBQ went on to penetrate the May low within the next 2 months in 23 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the PBQ should penetrate 54.750(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 44.933(Average Objective).

February Pork Bellies(CME)
The PBG3(Mkt) ended Lower(Cond) for May(Month). Compared to April's 64.400(Prev Close), the market ended May at (Month Close), that being 11%(Pct Range) off of 59.500(Month Low) to 66.900(Month High).

In comparing the April/May closes for each of the last 35 years(Total Years), Scenario found that the February Pork Bellies(CME) also closed lower in May than April in 19(Cond Years) of those years. Of those 19, PBG went on to penetrate the May 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 PBG should penetrate 59.500(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 52.616(Average Objective).

September Coffee "C"(NYBOT)
The KCU2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 55.35(Prev Close), the market ended May at (Month Close), that being 67%(Pct Range) off of 51.25(Month Low) to 55.85(Month High).

In comparing the April/May closes for each of the last 28 years(Total Years), Scenario found that the September Coffee "C"(NYBOT) also closed lower in May than April in 14(Cond Years) of those years. Of those 14, KCU went on to penetrate the May 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 51.25(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 43.23(Average Objective).

December Coffee "C"(NYBOT)
The KCZ2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 57.80(Prev Close), the market ended May at (Month Close), that being 61%(Pct Range) off of 54.25(Month Low) to 58.50(Month High).

In comparing the April/May closes for each of the last 28 years(Total Years), Scenario found that the December Coffee "C"(NYBOT) also closed lower in May than April in 13(Cond Years) of those years. Of those 13, KCZ went on to penetrate the May 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 KCZ should penetrate 54.25(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 44.55(Average Objective).

October Sugar #11(NYBOT)
The SBV2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 5.29(Prev Close), the market ended May at (Month Close), that being 92%(Pct Range) off of 5.07(Month Low) to 5.84(Month High).

In comparing the April/May closes for each of the last 38 years(Total Years), Scenario found that the October Sugar #11(NYBOT) also closed higher in May than April in 15(Cond Years) of those years. Of those 15, SBV went on to exceed the May high within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the SBV should exceed 5.84(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 6.72(Average Objective).

September Cocoa(NYBOT)
The CCU2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 1474(Prev Close), the market ended May at (Month Close), that being 88%(Pct Range) off of 1422(Month Low) to 1600(Month High).

In comparing the April/May closes for each of the last 42 years(Total Years), Scenario found that the September Cocoa(NYBOT) also closed higher in May than April in 15(Cond Years) of those years. Of those 15, CCU went on to exceed the May high within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the CCU should exceed 1600(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 1759(Average Objective).

December Cocoa(NYBOT)
The CCZ2(Mkt) ended Higher(Cond) for May(Month). Compared to April's 1419(Prev Close), the market ended May at (Month Close), that being 87%(Pct Range) off of 1388(Month Low) to 1544(Month High).

In comparing the April/May closes for each of the last 42 years(Total Years), Scenario found that the December Cocoa(NYBOT) also closed higher in May than April in 15(Cond Years) of those years. Of those 15, CCZ went on to exceed the May high within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the CCZ should exceed 1544(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 1706(Average Objective).

September Lumber(CME)
The LBU2(Mkt) ended Lower(Cond) for May(Month). Compared to April's 286.3(Prev Close), the market ended May at (Month Close), that being 23%(Pct Range) off of 276.7(Month Low) to 303.3(Month High).

In comparing the April/May closes for each of the last 29 years(Total Years), Scenario found that the September Lumber(CME) also closed lower in May than April in 12(Cond Years) of those years. Of those 12, LBU went on to penetrate the May low within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the LBU should penetrate 276.7(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 250.5(Average Objective).