MRCI's Scenario Summary

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MRCI's Scenario^SM Summary


MRCI's Scenario^SM Summary

Copyright © 2003 Moore Research Center, Inc. All Rights Reserved.

Some data provided by Prophetfinance.com

Scenario^SM Summary Jul 31, 2003

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

#OEX Higher Jul 490.40 511.35 484.40 499.25 55% 20 8 7 88% 511.35 523.47 499.25

#YX Higher Jul 521.10 537.80 515.10 525.50 46% 19 7 7 100% Yes 552.20 525.50

#NDX Higher Jul 1201.70 1316.40 1180.10 1277.20 71% 17 8 7 88% 1316.40 1396.32 1277.20

#COMPX Higher Jul 1622.80 1776.10 1598.90 1735.40 77% 8 2 2 100% Yes 1894.89 1735.40

#RUT Higher Jul 448.38 481.37 441.22 476.02 87% 24 11 10 91% 481.37 506.40 476.02

#MID Higher Jul 480.19 505.15 473.90 496.90 74% 22 8 8 100% 505.15 526.89 496.90

#VLE Higher Jul 1222.40 1295.20 1206.30 1274.30 76% 20 10 9 90% Yes 1340.84 1274.30

#SP Higher Jul 974.50 1015.40 962.10 990.30 53% 45 20 19 95% 1015.40 1052.75 990.30

SPU3 Higher Jul 973.30 1014.80 960.50 989.30 53% 21 7 7 100% 1014.80 1038.31 989.30

SPZ3 Higher Jul 971.60 1012.50 960.00 987.40 52% 21 7 7 100% 1012.50 1036.99 987.40

YXU3 Higher Jul 521.10 536.75 517.75 525.40 40% 21 7 7 100% 536.75 549.15 525.40

ADZ3 Lower Jul 66.17 67.28 63.58 63.94 10% 15 9 8 89% 63.58 61.01 63.94

DXU3 Higher Jul 95.11 97.80 94.30 97.14 81% 17 8 7 88% 97.80 99.38 97.14

GCQ3 Higher Jul 346.3 367.7 340.8 354.0 49% 28 11 10 91% 367.7 387.1 354.0

PAU3 Higher Jul 181.35 194.00 160.00 182.00 65% 26 15 14 93% 194.00 208.88 182.00

CLV3 Higher Jul 29.27 30.75 28.75 30.25 75% 20 13 12 92% 30.75 33.62 30.25

CLX3 Higher Jul 28.83 30.10 28.40 29.78 81% 20 12 11 92% 30.10 32.85 29.78

CLZ3 Higher Jul 28.41 29.63 28.03 29.32 81% 20 12 11 92% 29.63 32.19 29.32

CLF4 Higher Jul 27.96 29.05 27.75 28.85 85% 20 12 11 92% 29.05 31.38 28.85

HUV3 Higher Jul 80.77 86.60 80.50 84.32 63% 18 11 10 91% 86.60 97.13 84.32

NGV3 Lower Jul 5.483 5.660 4.625 4.748 12% 13 7 6 86% 4.625 4.060 4.748

WZ3 Higher Jul 320.50 365.00 315.25 359.00 88% 43 21 18 86% 365.00 406.83 359.00

LCV3 Higher Jul 70.925 78.300 70.200 77.700 93% 38 22 21 95% 78.300 81.596 77.700

FCU3 Higher Jul 86.900 91.175 85.950 90.300 83% 31 19 16 84% 91.175 95.696 90.300

FCX3 Higher Jul 87.025 90.000 86.350 89.450 85% 31 18 16 89% 90.000 94.173 89.450

LEZ3 Lower Jul 54.800 56.000 50.000 50.130 2% 33 15 13 87% 50.000 46.557 50.130

LEG4 Lower Jul 57.800 58.950 54.050 54.300 5% 34 15 13 87% 54.050 50.899 54.300

KCZ3 Higher Jul 63.85 66.90 61.60 65.80 79% 29 9 8 89% 66.90 71.85 65.80

CTV3 Lower Jul 58.35 61.30 56.50 56.91 9% 42 23 21 91% 56.50 52.68 56.91

CTH4 Lower Jul 61.93 65.10 60.70 61.05 8% 42 21 18 86% 60.70 57.02 61.05

S & P 100(OEX): The #OEX(Mkt) ended Higher(Cond) for July(Month). Compared to June's 490.40(Prev Close), the market ended July at (Month Close), that being 55%(Pct Range) off of 484.40(Month Low) to 511.35(Month High).

In comparing the June/July closes for each of the last 20 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in July than June in 8(Cond Years) of those years. Of those 8, the #OEX went on to exceed the July high within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #OEX should exceed 511.35(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 523.47(Average Objective).
NYSE Composite Index: The #YX(Mkt) ended Higher(Cond) for July(Month). Compared to June's 521.10(Prev Close), the market ended July at (Month Close), that being 46%(Pct Range) off of 515.10(Month Low) to 537.80(Month High).

In comparing the June/July closes for each of the last 19 years(Total Years), Scenario found that the NYSE Composite Index also closed higher in July than June in 7(Cond Years) of those years. Of those 7, the #YX went on to exceed the July 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 #YX should exceed 537.80(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 552.20(Average Objective).
NASDAQ 100 Index: The #NDX(Mkt) ended Higher(Cond) for July(Month). Compared to June's 1201.70(Prev Close), the market ended July at (Month Close), that being 71%(Pct Range) off of 1180.10(Month Low) to 1316.40(Month High).

In comparing the June/July closes for each of the last 17 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in July than June in 8(Cond Years) of those years. Of those 8, the #NDX went on to exceed the July high within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #NDX should exceed 1316.40(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 1396.32(Average Objective).
NASDAQ Composite Index: The #COMPX(Mkt) ended Higher(Cond) for July(Month). Compared to June's 1622.80(Prev Close), the market ended July at (Month Close), that being 77%(Pct Range) off of 1598.90(Month Low) to 1776.10(Month High).

In comparing the June/July closes for each of the last 8 years(Total Years), Scenario found that the NASDAQ Composite Index also closed higher in July than June in 2(Cond Years) of those years. Of those 2, the #COMPX went on to exceed the July high within the next 2 months in 2 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #COMPX should exceed 1776.10(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 2 years) a potential move toward 1894.89(Average Objective).
Russell 2000 Index: The #RUT(Mkt) ended Higher(Cond) for July(Month). Compared to June's 448.38(Prev Close), the market ended July at (Month Close), that being 87%(Pct Range) off of 441.22(Month Low) to 481.37(Month High).

In comparing the June/July closes for each of the last 24 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in July than June in 11(Cond Years) of those years. Of those 11, the #RUT went on to exceed the July 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 the #RUT should exceed 481.37(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 506.40(Average Objective).
S & P Midcap 400 Index: The #MID(Mkt) ended Higher(Cond) for July(Month). Compared to June's 480.19(Prev Close), the market ended July at (Month Close), that being 74%(Pct Range) off of 473.90(Month Low) to 505.15(Month High).

In comparing the June/July closes for each of the last 22 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed higher in July than June in 8(Cond Years) of those years. Of those 8, the #MID went on to exceed the July 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 the #MID should exceed 505.15(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 526.89(Average Objective).
Value Line Index: The #VLE(Mkt) ended Higher(Cond) for July(Month). Compared to June's 1222.40(Prev Close), the market ended July at (Month Close), that being 76%(Pct Range) off of 1206.30(Month Low) to 1295.20(Month High).

In comparing the June/July closes for each of the last 20 years(Total Years), Scenario found that the Value Line Index also closed higher in July than June in 10(Cond Years) of those years. Of those 10, the #VLE went on to exceed the July 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 the #VLE should exceed 1295.20(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 1340.84(Average Objective).
S & P 500 Stock Index: The #SP(Mkt) ended Higher(Cond) for July(Month). Compared to June's 974.50(Prev Close), the market ended July at (Month Close), that being 53%(Pct Range) off of 962.10(Month Low) to 1015.40(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in July than June in 20(Cond Years) of those years. Of those 20, the #SP went on to exceed the July high within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the the #SP should exceed 1015.40(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 1052.75(Average Objective).
September S & P 500(CME): The SPU3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 973.30(Prev Close), the market ended July at (Month Close), that being 53%(Pct Range) off of 960.50(Month Low) to 1014.80(Month High).

In comparing the June/July closes for each of the last 21 years(Total Years), Scenario found that the September S & P 500(CME) also closed higher in July than June in 7(Cond Years) of those years. Of those 7, SPU went on to exceed the July 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 SPU should exceed 1014.80(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 1038.31(Average Objective).
December S & P 500(CME): The SPZ3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 971.60(Prev Close), the market ended July at (Month Close), that being 52%(Pct Range) off of 960.00(Month Low) to 1012.50(Month High).

In comparing the June/July closes for each of the last 21 years(Total Years), Scenario found that the December S & P 500(CME) also closed higher in July than June in 7(Cond Years) of those years. Of those 7, SPZ went on to exceed the July 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 SPZ should exceed 1012.50(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 1036.99(Average Objective).
September NYSE Composite(NYBOT): The YXU3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 521.10(Prev Close), the market ended July at (Month Close), that being 40%(Pct Range) off of 517.75(Month Low) to 536.75(Month High).

In comparing the June/July closes for each of the last 21 years(Total Years), Scenario found that the September NYSE Composite(NYBOT) also closed higher in July than June in 7(Cond Years) of those years. Of those 7, YXU went on to exceed the July 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 YXU should exceed 536.75(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 549.15(Average Objective).
December Australian Dollar(CME): The ADZ3(Mkt) ended Lower(Cond) for July(Month). Compared to June's 66.17(Prev Close), the market ended July at (Month Close), that being 10%(Pct Range) off of 63.58(Month Low) to 67.28(Month High).

In comparing the June/July closes for each of the last 15 years(Total Years), Scenario found that the December Australian Dollar(CME) also closed lower in July than June in 9(Cond Years) of those years. Of those 9, ADZ went on to penetrate the July 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 ADZ should penetrate 63.58(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 61.01(Average Objective).
September US Dollar Index(NYBOT): The DXU3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 95.11(Prev Close), the market ended July at (Month Close), that being 81%(Pct Range) off of 94.30(Month Low) to 97.80(Month High).

In comparing the June/July closes for each of the last 17 years(Total Years), Scenario found that the September US Dollar Index(NYBOT) also closed higher in July than June in 8(Cond Years) of those years. Of those 8, DXU went on to exceed the July high within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the DXU should exceed 97.80(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 99.38(Average Objective).
August Gold(CMX): The GCQ3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 346.3(Prev Close), the market ended July at (Month Close), that being 49%(Pct Range) off of 340.8(Month Low) to 367.7(Month High).

In comparing the June/July closes for each of the last 28 years(Total Years), Scenario found that the August Gold(CMX) also closed higher in July than June in 11(Cond Years) of those years. Of those 11, GCQ went on to exceed the July 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 GCQ should exceed 367.7(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 387.1(Average Objective).
September Palladium(NYME): The PAU3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 181.35(Prev Close), the market ended July at (Month Close), that being 65%(Pct Range) off of 160.00(Month Low) to 194.00(Month High).

In comparing the June/July closes for each of the last 26 years(Total Years), Scenario found that the September Palladium(NYME) also closed higher in July than June in 15(Cond Years) of those years. Of those 15, PAU went on to exceed the July high within the next 2 months in 14 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the PAU should exceed 194.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 208.88(Average Objective).
October Crude Oil(NYM): The CLV3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 29.27(Prev Close), the market ended July at (Month Close), that being 75%(Pct Range) off of 28.75(Month Low) to 30.75(Month High).

In comparing the June/July closes for each of the last 20 years(Total Years), Scenario found that the October Crude Oil(NYM) also closed higher in July than June in 13(Cond Years) of those years. Of those 13, CLV went on to exceed the July high within the next 2 months in 12 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the CLV should exceed 30.75(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 33.62(Average Objective).
November Crude Oil(NYM): The CLX3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 28.83(Prev Close), the market ended July at (Month Close), that being 81%(Pct Range) off of 28.40(Month Low) to 30.10(Month High).

In comparing the June/July closes for each of the last 20 years(Total Years), Scenario found that the November Crude Oil(NYM) also closed higher in July than June in 12(Cond Years) of those years. Of those 12, CLX went on to exceed the July high within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the CLX should exceed 30.10(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 32.85(Average Objective).
December Crude Oil(NYM): The CLZ3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 28.41(Prev Close), the market ended July at (Month Close), that being 81%(Pct Range) off of 28.03(Month Low) to 29.63(Month High).

In comparing the June/July closes for each of the last 20 years(Total Years), Scenario found that the December Crude Oil(NYM) also closed higher in July than June in 12(Cond Years) of those years. Of those 12, CLZ went on to exceed the July high within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the CLZ should exceed 29.63(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 32.19(Average Objective).
January Crude Oil(NYM): The CLF4(Mkt) ended Higher(Cond) for July(Month). Compared to June's 27.96(Prev Close), the market ended July at (Month Close), that being 85%(Pct Range) off of 27.75(Month Low) to 29.05(Month High).

In comparing the June/July closes for each of the last 20 years(Total Years), Scenario found that the January Crude Oil(NYM) also closed higher in July than June in 12(Cond Years) of those years. Of those 12, CLF went on to exceed the July high within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the CLF should exceed 29.05(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 31.38(Average Objective).
October Unleaded Gas(NYM): The HUV3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 80.77(Prev Close), the market ended July at (Month Close), that being 63%(Pct Range) off of 80.50(Month Low) to 86.60(Month High).

In comparing the June/July closes for each of the last 18 years(Total Years), Scenario found that the October Unleaded Gas(NYM) also closed higher in July than June in 11(Cond Years) of those years. Of those 11, HUV went on to exceed the July 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 HUV should exceed 86.60(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 97.13(Average Objective).
October Natural Gas(NYM): The NGV3(Mkt) ended Lower(Cond) for July(Month). Compared to June's 5.483(Prev Close), the market ended July at (Month Close), that being 12%(Pct Range) off of 4.625(Month Low) to 5.660(Month High).

In comparing the June/July closes for each of the last 13 years(Total Years), Scenario found that the October Natural Gas(NYM) also closed lower in July than June in 7(Cond Years) of those years. Of those 7, NGV went on to penetrate the July 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 NGV should penetrate 4.625(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 4.060(Average Objective).
December Wheat(CBOT): The WZ3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 320.50(Prev Close), the market ended July at (Month Close), that being 88%(Pct Range) off of 315.25(Month Low) to 365.00(Month High).

In comparing the June/July closes for each of the last 43 years(Total Years), Scenario found that the December Wheat(CBOT) also closed higher in July than June in 21(Cond Years) of those years. Of those 21, WZ went on to exceed the July high within the next 2 months in 18 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the WZ should exceed 365.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 406.83(Average Objective).
October Live Cattle(CME): The LCV3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 70.925(Prev Close), the market ended July at (Month Close), that being 93%(Pct Range) off of 70.200(Month Low) to 78.300(Month High).

In comparing the June/July closes for each of the last 38 years(Total Years), Scenario found that the October Live Cattle(CME) also closed higher in July than June in 22(Cond Years) of those years. Of those 22, LCV went on to exceed the July high within the next 2 months in 21 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the LCV should exceed 78.300(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 81.596(Average Objective).
September Feeder Cattle(CME): The FCU3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 86.900(Prev Close), the market ended July at (Month Close), that being 83%(Pct Range) off of 85.950(Month Low) to 91.175(Month High).

In comparing the June/July closes for each of the last 31 years(Total Years), Scenario found that the September Feeder Cattle(CME) also closed higher in July than June in 19(Cond Years) of those years. Of those 19, FCU went on to exceed the July 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 FCU should exceed 91.175(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 95.696(Average Objective).
November Feeder Cattle(CME): The FCX3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 87.025(Prev Close), the market ended July at (Month Close), that being 85%(Pct Range) off of 86.350(Month Low) to 90.000(Month High).

In comparing the June/July closes for each of the last 31 years(Total Years), Scenario found that the November Feeder Cattle(CME) also closed higher in July than June in 18(Cond Years) of those years. Of those 18, FCX went on to exceed the July 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 FCX should exceed 90.000(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 94.173(Average Objective).
December Lean Hogs(CME): The LEZ3(Mkt) ended Lower(Cond) for July(Month). Compared to June's 54.800(Prev Close), the market ended July at (Month Close), that being 2%(Pct Range) off of 50.000(Month Low) to 56.000(Month High).

In comparing the June/July closes for each of the last 33 years(Total Years), Scenario found that the December Lean Hogs(CME) also closed lower in July than June in 15(Cond Years) of those years. Of those 15, LEZ went on to penetrate the July 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 LEZ should penetrate 50.000(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 46.557(Average Objective).
February Lean Hogs(CME): The LEG4(Mkt) ended Lower(Cond) for July(Month). Compared to June's 57.800(Prev Close), the market ended July at (Month Close), that being 5%(Pct Range) off of 54.050(Month Low) to 58.950(Month High).

In comparing the June/July closes for each of the last 34 years(Total Years), Scenario found that the February Lean Hogs(CME) also closed lower in July than June in 15(Cond Years) of those years. Of those 15, LEG went on to penetrate the July 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 LEG should penetrate 54.050(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 50.899(Average Objective).
December Coffee "C"(NYBOT): The KCZ3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 63.85(Prev Close), the market ended July at (Month Close), that being 79%(Pct Range) off of 61.60(Month Low) to 66.90(Month High).

In comparing the June/July closes for each of the last 29 years(Total Years), Scenario found that the December Coffee "C"(NYBOT) also closed higher in July than June in 9(Cond Years) of those years. Of those 9, KCZ went on to exceed the July 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 KCZ should exceed 66.90(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 71.85(Average Objective).
October Cotton(NYBOT): The CTV3(Mkt) ended Lower(Cond) for July(Month). Compared to June's 58.35(Prev Close), the market ended July at (Month Close), that being 9%(Pct Range) off of 56.50(Month Low) to 61.30(Month High).

In comparing the June/July closes for each of the last 42 years(Total Years), Scenario found that the October Cotton(NYBOT) also closed lower in July than June in 23(Cond Years) of those years. Of those 23, CTV went on to penetrate the July low within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the CTV should penetrate 56.50(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 52.68(Average Objective).
March Cotton(NYBOT): The CTH4(Mkt) ended Lower(Cond) for July(Month). Compared to June's 61.93(Prev Close), the market ended July at (Month Close), that being 8%(Pct Range) off of 60.70(Month Low) to 65.10(Month High).

In comparing the June/July closes for each of the last 42 years(Total Years), Scenario found that the March Cotton(NYBOT) also closed lower in July than June in 21(Cond Years) of those years. Of those 21, CTH went on to penetrate the July low within the next 2 months in 18 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the CTH should penetrate 60.70(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 57.02(Average Objective).