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MRCI's ScenarioSM Summary

Copyright © 2003 Moore Research Center, Inc. All Rights Reserved.
Some data provided by Prophetfinance.com
ScenarioSM Summary Aug 29, 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
#NDX Higher Aug 1276.90 1344.70 1204.30 1341.30 98% 17 10 9 90% 1344.70 1416.66 1341.30
#COMPX Higher Aug 1735.00 1812.50 1640.90 1800.20 93% 8 4 4 100% Yes 1902.20 1800.20
#RUT Higher Aug 476.02 499.42 449.97 497.43 96% 24 14 13 93% 499.42 517.69 497.43
NDZ3 Higher Aug 1281.00 1346.00 1212.50 1344.50 99% 7 3 3 100% 1346.00 1424.19 1344.50
USZ3 Higher Aug 104~04 107~21 102~14 106~00 68% 25 14 13 93% 107~21 112~14 106~00
TYZ3 Higher Aug 108~230 111~265 107~200 109~230 50% 21 13 12 92% 111~265 115~186 109~230
EDZ3 Higher Aug 98.715 98.790 98.610 98.760 83% 21 14 14 100% 98.790 99.535 98.760
EDH4 Higher Aug 98.460 98.595 98.300 98.495 66% 21 12 12 100% 98.595 99.394 98.495
CDZ3 Higher Aug 70.60 72.25 70.25 71.84 80% 26 14 12 86% 72.25 73.30 71.84
ADZ3 Higher Aug 63.94 65.42 63.05 64.18 48% 16 10 9 90% 65.42 67.02 64.18
CLX3 Higher Aug 29.78 32.05 29.80 31.31 67% 20 13 12 92% 32.05 35.10 31.31
CLZ3 Higher Aug 29.32 31.45 29.30 30.83 71% 20 13 11 85% 31.45 34.78 30.83
CLF4 Higher Aug 28.85 30.75 29.07 30.28 72% 20 13 11 85% 30.75 33.75 30.28
CLG4 Higher Aug 28.39 30.25 28.35 29.74 73% 20 13 11 85% 30.25 33.03 29.74
HOX3 Higher Aug 81.11 87.00 80.00 83.53 50% 24 15 15 100% 87.00 94.72 83.53
HOZ3 Higher Aug 81.56 87.25 80.90 84.33 54% 24 15 15 100% 87.25 94.99 84.33
HOF4 Higher Aug 81.81 87.30 81.30 84.68 56% 24 15 15 100% 87.30 94.56 84.68
HOG4 Higher Aug 80.81 85.80 80.30 83.68 61% 24 15 15 100% 85.80 92.82 83.68
HUX3 Higher Aug 81.22 88.40 82.00 86.02 63% 18 14 14 100% 88.40 97.47 86.02
HUZ3 Higher Aug 79.12 84.50 79.70 83.07 70% 18 12 11 92% 84.50 92.82 83.07
HUF4 Higher Aug 78.52 83.30 80.00 82.17 66% 18 11 10 91% 83.30 90.25 82.17
HUG4 Higher Aug 78.57 82.86 79.84 82.02 72% 18 11 10 91% 82.86 89.23 82.02
NGX3 Lower Aug 4.983 5.550 4.880 4.981 15% 13 4 4 100% 4.880 4.454 4.981
RRH4 Higher Aug 7.66 8.24 7.63 7.86 38% 16 2 2 100% Yes 8.73 7.86
FCX3 Higher Aug 89.450 92.450 87.800 92.200 95% 31 18 16 89% 92.450 96.087 92.200
FCF4 Higher Aug 87.075 89.525 85.500 88.750 81% 26 13 12 92% 89.525 92.010 88.750
SBV3 Lower Aug 7.21 7.39 6.20 6.29 8% 39 24 21 88% 6.20 5.05 6.29
CTZ3 Higher Aug 58.43 59.34 55.60 59.18 96% 42 16 14 88% 59.34 62.33 59.18


NASDAQ 100 Index
The #NDX(Mkt) ended Higher(Cond) for August(Month). Compared to July's 1276.90(Prev Close), the market ended August at (Month Close), that being 98%(Pct Range) off of 1204.30(Month Low) to 1344.70(Month High).

In comparing the July/August closes for each of the last 17 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in August than July in 10(Cond Years) of those years. Of those 10, the #NDX went on to exceed the August 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 #NDX should exceed 1344.70(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 1416.66(Average Objective).

NASDAQ Composite Index
The #COMPX(Mkt) ended Higher(Cond) for August(Month). Compared to July's 1735.00(Prev Close), the market ended August at (Month Close), that being 93%(Pct Range) off of 1640.90(Month Low) to 1812.50(Month High).

In comparing the July/August closes for each of the last 8 years(Total Years), Scenario found that the NASDAQ Composite Index also closed higher in August than July in 4(Cond Years) of those years. Of those 4, the #COMPX went on to exceed the August high within the next 2 months in 4 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #COMPX should exceed 1812.50(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 4 years) a potential move toward 1902.20(Average Objective).

Russell 2000 Index
The #RUT(Mkt) ended Higher(Cond) for August(Month). Compared to July's 476.02(Prev Close), the market ended August at (Month Close), that being 96%(Pct Range) off of 449.97(Month Low) to 499.42(Month High).

In comparing the July/August closes for each of the last 24 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in August than July in 14(Cond Years) of those years. Of those 14, the #RUT went on to exceed the August 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 the #RUT should exceed 499.42(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 517.69(Average Objective).

December NASDAQ 100(CME)
The NDZ3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 1281.00(Prev Close), the market ended August at (Month Close), that being 99%(Pct Range) off of 1212.50(Month Low) to 1346.00(Month High).

In comparing the July/August closes for each of the last 7 years(Total Years), Scenario found that the December NASDAQ 100(CME) also closed higher in August than July in 3(Cond Years) of those years. Of those 3, NDZ went on to exceed the August 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 NDZ should exceed 1346.00(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 3 years) a potential move toward 1424.19(Average Objective).

December 30-Year T-Bonds(CBOT)
The USZ3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 104~04(Prev Close), the market ended August at (Month Close), that being 68%(Pct Range) off of 102~14(Month Low) to 107~21(Month High).

In comparing the July/August closes for each of the last 25 years(Total Years), Scenario found that the December 30-Year T-Bonds(CBOT) also closed higher in August than July in 14(Cond Years) of those years. Of those 14, USZ went on to exceed the August 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 USZ should exceed 107~21(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 112~14(Average Objective).

December 10-Year T-Notes(CBOT)
The TYZ3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 108~230(Prev Close), the market ended August at (Month Close), that being 50%(Pct Range) off of 107~200(Month Low) to 111~265(Month High).

In comparing the July/August closes for each of the last 21 years(Total Years), Scenario found that the December 10-Year T-Notes(CBOT) also closed higher in August than July in 13(Cond Years) of those years. Of those 13, TYZ went on to exceed the August 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 TYZ should exceed 111~265(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 115~186(Average Objective).

December Eurodollars(CME)
The EDZ3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 98.715(Prev Close), the market ended August at (Month Close), that being 83%(Pct Range) off of 98.610(Month Low) to 98.790(Month High).

In comparing the July/August closes for each of the last 21 years(Total Years), Scenario found that the December Eurodollars(CME) also closed higher in August than July in 14(Cond Years) of those years. Of those 14, EDZ went on to exceed the August high within the next 2 months in 14 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the EDZ should exceed 98.790(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 99.535(Average Objective).

March Eurodollars(CME)
The EDH4(Mkt) ended Higher(Cond) for August(Month). Compared to July's 98.460(Prev Close), the market ended August at (Month Close), that being 66%(Pct Range) off of 98.300(Month Low) to 98.595(Month High).

In comparing the July/August closes for each of the last 21 years(Total Years), Scenario found that the March Eurodollars(CME) also closed higher in August than July in 12(Cond Years) of those years. Of those 12, EDH went on to exceed the August 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 EDH should exceed 98.595(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 99.394(Average Objective).

December Canadian Dollar(CME)
The CDZ3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 70.60(Prev Close), the market ended August at (Month Close), that being 80%(Pct Range) off of 70.25(Month Low) to 72.25(Month High).

In comparing the July/August closes for each of the last 26 years(Total Years), Scenario found that the December Canadian Dollar(CME) also closed higher in August than July in 14(Cond Years) of those years. Of those 14, CDZ went on to exceed the August 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 CDZ should exceed 72.25(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 73.30(Average Objective).

December Australian Dollar(CME)
The ADZ3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 63.94(Prev Close), the market ended August at (Month Close), that being 48%(Pct Range) off of 63.05(Month Low) to 65.42(Month High).

In comparing the July/August closes for each of the last 16 years(Total Years), Scenario found that the December Australian Dollar(CME) also closed higher in August than July in 10(Cond Years) of those years. Of those 10, ADZ went on to exceed the August 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 ADZ should exceed 65.42(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 67.02(Average Objective).

November Crude Oil(NYM)
The CLX3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 29.78(Prev Close), the market ended August at (Month Close), that being 67%(Pct Range) off of 29.80(Month Low) to 32.05(Month High).

In comparing the July/August closes for each of the last 20 years(Total Years), Scenario found that the November Crude Oil(NYM) also closed higher in August than July in 13(Cond Years) of those years. Of those 13, CLX went on to exceed the August 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 CLX should exceed 32.05(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 35.10(Average Objective).

December Crude Oil(NYM)
The CLZ3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 29.32(Prev Close), the market ended August at (Month Close), that being 71%(Pct Range) off of 29.30(Month Low) to 31.45(Month High).

In comparing the July/August closes for each of the last 20 years(Total Years), Scenario found that the December Crude Oil(NYM) also closed higher in August than July in 13(Cond Years) of those years. Of those 13, CLZ went on to exceed the August 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 CLZ should exceed 31.45(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 34.78(Average Objective).

January Crude Oil(NYM)
The CLF4(Mkt) ended Higher(Cond) for August(Month). Compared to July's 28.85(Prev Close), the market ended August at (Month Close), that being 72%(Pct Range) off of 29.07(Month Low) to 30.75(Month High).

In comparing the July/August closes for each of the last 20 years(Total Years), Scenario found that the January Crude Oil(NYM) also closed higher in August than July in 13(Cond Years) of those years. Of those 13, CLF went on to exceed the August 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 CLF should exceed 30.75(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 33.75(Average Objective).

February Crude Oil(NYM)
The CLG4(Mkt) ended Higher(Cond) for August(Month). Compared to July's 28.39(Prev Close), the market ended August at (Month Close), that being 73%(Pct Range) off of 28.35(Month Low) to 30.25(Month High).

In comparing the July/August closes for each of the last 20 years(Total Years), Scenario found that the February Crude Oil(NYM) also closed higher in August than July in 13(Cond Years) of those years. Of those 13, CLG went on to exceed the August 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 CLG should exceed 30.25(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 33.03(Average Objective).

November Heating Oil(NYM)
The HOX3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 81.11(Prev Close), the market ended August at (Month Close), that being 50%(Pct Range) off of 80.00(Month Low) to 87.00(Month High).

In comparing the July/August closes for each of the last 24 years(Total Years), Scenario found that the November Heating Oil(NYM) also closed higher in August than July in 15(Cond Years) of those years. Of those 15, HOX went on to exceed the August high within the next 2 months in 15 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the HOX should exceed 87.00(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 94.72(Average Objective).

December Heating Oil(NYM)
The HOZ3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 81.56(Prev Close), the market ended August at (Month Close), that being 54%(Pct Range) off of 80.90(Month Low) to 87.25(Month High).

In comparing the July/August closes for each of the last 24 years(Total Years), Scenario found that the December Heating Oil(NYM) also closed higher in August than July in 15(Cond Years) of those years. Of those 15, HOZ went on to exceed the August high within the next 2 months in 15 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the HOZ should exceed 87.25(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 94.99(Average Objective).

January Heating Oil(NYM)
The HOF4(Mkt) ended Higher(Cond) for August(Month). Compared to July's 81.81(Prev Close), the market ended August at (Month Close), that being 56%(Pct Range) off of 81.30(Month Low) to 87.30(Month High).

In comparing the July/August closes for each of the last 24 years(Total Years), Scenario found that the January Heating Oil(NYM) also closed higher in August than July in 15(Cond Years) of those years. Of those 15, HOF went on to exceed the August high within the next 2 months in 15 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the HOF should exceed 87.30(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 94.56(Average Objective).

February Heating Oil(NYM)
The HOG4(Mkt) ended Higher(Cond) for August(Month). Compared to July's 80.81(Prev Close), the market ended August at (Month Close), that being 61%(Pct Range) off of 80.30(Month Low) to 85.80(Month High).

In comparing the July/August closes for each of the last 24 years(Total Years), Scenario found that the February Heating Oil(NYM) also closed higher in August than July in 15(Cond Years) of those years. Of those 15, HOG went on to exceed the August high within the next 2 months in 15 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the HOG should exceed 85.80(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 92.82(Average Objective).

November Unleaded Gas(NYM)
The HUX3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 81.22(Prev Close), the market ended August at (Month Close), that being 63%(Pct Range) off of 82.00(Month Low) to 88.40(Month High).

In comparing the July/August closes for each of the last 18 years(Total Years), Scenario found that the November Unleaded Gas(NYM) also closed higher in August than July in 14(Cond Years) of those years. Of those 14, HUX went on to exceed the August high within the next 2 months in 14 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the HUX should exceed 88.40(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 97.47(Average Objective).

December Unleaded Gas(NYM)
The HUZ3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 79.12(Prev Close), the market ended August at (Month Close), that being 70%(Pct Range) off of 79.70(Month Low) to 84.50(Month High).

In comparing the July/August closes for each of the last 18 years(Total Years), Scenario found that the December Unleaded Gas(NYM) also closed higher in August than July in 12(Cond Years) of those years. Of those 12, HUZ went on to exceed the August 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 HUZ should exceed 84.50(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 92.82(Average Objective).

January Unleaded Gas(NYM)
The HUF4(Mkt) ended Higher(Cond) for August(Month). Compared to July's 78.52(Prev Close), the market ended August at (Month Close), that being 66%(Pct Range) off of 80.00(Month Low) to 83.30(Month High).

In comparing the July/August closes for each of the last 18 years(Total Years), Scenario found that the January Unleaded Gas(NYM) also closed higher in August than July in 11(Cond Years) of those years. Of those 11, HUF went on to exceed the August 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 HUF should exceed 83.30(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 90.25(Average Objective).

February Unleaded Gas(NYM)
The HUG4(Mkt) ended Higher(Cond) for August(Month). Compared to July's 78.57(Prev Close), the market ended August at (Month Close), that being 72%(Pct Range) off of 79.84(Month Low) to 82.86(Month High).

In comparing the July/August closes for each of the last 18 years(Total Years), Scenario found that the February Unleaded Gas(NYM) also closed higher in August than July in 11(Cond Years) of those years. Of those 11, HUG went on to exceed the August 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 HUG should exceed 82.86(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 89.23(Average Objective).

November Natural Gas(NYM)
The NGX3(Mkt) ended Lower(Cond) for August(Month). Compared to July's 4.983(Prev Close), the market ended August at (Month Close), that being 15%(Pct Range) off of 4.880(Month Low) to 5.550(Month High).

In comparing the July/August closes for each of the last 13 years(Total Years), Scenario found that the November Natural Gas(NYM) also closed lower in August than July in 4(Cond Years) of those years. Of those 4, NGX went on to penetrate the August low within the next 2 months in 4 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NGX should penetrate 4.880(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 4 years) a potential move toward 4.454(Average Objective).

March Rough Rice(CBOT)
The RRH4(Mkt) ended Higher(Cond) for August(Month). Compared to July's 7.66(Prev Close), the market ended August at (Month Close), that being 38%(Pct Range) off of 7.63(Month Low) to 8.24(Month High).

In comparing the July/August closes for each of the last 16 years(Total Years), Scenario found that the March Rough Rice(CBOT) also closed higher in August than July in 2(Cond Years) of those years. Of those 2, RRH went on to exceed the August 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 RRH should exceed 8.24(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 2 years) a potential move toward 8.73(Average Objective).

November Feeder Cattle(CME)
The FCX3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 89.450(Prev Close), the market ended August at (Month Close), that being 95%(Pct Range) off of 87.800(Month Low) to 92.450(Month High).

In comparing the July/August closes for each of the last 31 years(Total Years), Scenario found that the November Feeder Cattle(CME) also closed higher in August than July in 18(Cond Years) of those years. Of those 18, FCX went on to exceed the August 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 92.450(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 96.087(Average Objective).

January Feeder Cattle(CME)
The FCF4(Mkt) ended Higher(Cond) for August(Month). Compared to July's 87.075(Prev Close), the market ended August at (Month Close), that being 81%(Pct Range) off of 85.500(Month Low) to 89.525(Month High).

In comparing the July/August closes for each of the last 26 years(Total Years), Scenario found that the January Feeder Cattle(CME) also closed higher in August than July in 13(Cond Years) of those years. Of those 13, FCF went on to exceed the August 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 FCF should exceed 89.525(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 92.010(Average Objective).

October Sugar #11(NYBOT)
The SBV3(Mkt) ended Lower(Cond) for August(Month). Compared to July's 7.21(Prev Close), the market ended August at (Month Close), that being 8%(Pct Range) off of 6.20(Month Low) to 7.39(Month High).

In comparing the July/August closes for each of the last 39 years(Total Years), Scenario found that the October Sugar #11(NYBOT) also closed lower in August than July in 24(Cond Years) of those years. Of those 24, SBV went on to penetrate the August low within the next 2 months in 21 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the SBV should penetrate 6.20(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 5.05(Average Objective).

December Cotton(NYBOT)
The CTZ3(Mkt) ended Higher(Cond) for August(Month). Compared to July's 58.43(Prev Close), the market ended August at (Month Close), that being 96%(Pct Range) off of 55.60(Month Low) to 59.34(Month High).

In comparing the July/August closes for each of the last 42 years(Total Years), Scenario found that the December Cotton(NYBOT) also closed higher in August than July in 16(Cond Years) of those years. Of those 16, CTZ went on to exceed the August 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 CTZ should exceed 59.34(Scenario Objective) by no later than the end of October. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 62.33(Average Objective).