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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 Sep 30, 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
#UTIL Higher Sep 239.60 252.01 238.80 250.59 89% 33 16 14 88% 252.01 265.55 250.59
#COMPX Higher Sep 1810.40 1913.70 1786.60 1824.60 30% 8 5 5 100% Yes 2062.55 1824.60
#SSNI Lower Sep 10344 11299 10148 10230 7% 21 14 12 86% Yes 9237 10230
USZ3 Higher Sep 106~00 112~07 103~28 112~05 99% 26 14 13 93% 112~07 116~27 112~05
TYZ3 Higher Sep 109~230 114~215 108~025 114~200 99% 21 17 16 94% 114~215 117~254 114~200
EDZ3 Higher Sep 98.760 98.870 98.715 98.865 97% 21 15 14 93% 98.870 99.350 98.865
EDH4 Higher Sep 98.495 98.840 98.410 98.835 99% 21 16 15 94% 98.840 99.412 98.835
EDM4 Higher Sep 98.080 98.685 97.960 98.670 98% 21 17 15 88% 98.685 99.343 98.670
JYZ3 Higher Sep 86.05 91.05 85.22 89.96 81% 26 14 12 86% 91.05 96.09 89.96
ADZ3 Higher Sep 64.18 68.17 62.95 67.46 86% 16 7 7 100% 68.17 69.44 67.46
DXZ3 Lower Sep 98.52 99.87 92.43 93.20 10% 17 11 10 91% 92.43 89.30 93.20
PAZ3 Higher Sep 203.90 236.00 195.50 215.15 49% 26 11 10 91% 236.00 255.58 215.15
CLZ3 Lower Sep 30.83 30.68 26.50 28.92 58% 20 6 6 100% 26.50 25.09 28.92
HOZ3 Lower Sep 84.33 83.90 72.10 79.50 63% 24 7 7 100% 72.10 67.54 79.50
HOF4 Lower Sep 84.68 84.20 73.20 80.05 62% 24 7 7 100% 73.20 68.69 80.05
HOG4 Lower Sep 83.68 82.55 73.20 79.70 70% 24 7 6 86% 73.20 69.03 79.70
HUZ3 Lower Sep 83.07 82.50 72.20 77.72 54% 18 6 6 100% 72.20 67.50 77.72
NGZ3 Lower Sep 5.251 5.430 4.860 5.082 39% 13 5 5 100% 4.860 4.352 5.082
NGF4 Lower Sep 5.401 5.580 5.065 5.262 38% 13 4 4 100% 5.065 4.412 5.262
NGG4 Lower Sep 5.346 5.510 5.033 5.212 38% 13 5 5 100% 5.033 4.586 5.212
NGH4 Lower Sep 5.241 5.410 4.930 5.107 37% 13 4 4 100% 4.930 4.544 5.107
BOZ3 Higher Sep 20.86 24.85 20.39 24.66 96% 43 19 16 84% 24.85 27.98 24.66
BOF4 Higher Sep 20.83 24.80 20.42 24.62 96% 44 20 17 85% 24.80 27.63 24.62
BOH4 Higher Sep 20.75 24.65 20.35 24.57 98% 44 20 17 85% 24.65 27.34 24.57
BOK4 Higher Sep 20.60 24.35 20.20 24.30 99% 44 19 17 89% 24.35 26.83 24.30
MWZ3 Lower Sep 380.75 380.00 346.25 364.00 53% 22 10 9 90% 346.25 328.98 364.00
OH4 Higher Sep 147.25 158.25 142.00 149.50 46% 29 14 13 93% 158.25 171.06 149.50
OK4 Higher Sep 150.50 161.00 147.25 151.00 27% 29 16 15 94% 161.00 171.92 151.00
RRH4 Lower Sep 7.83 7.86 7.52 7.74 65% 17 9 8 89% Yes 6.95 7.74
RRK4 Lower Sep 7.97 7.99 7.68 7.91 74% 14 8 8 100% Yes 7.17 7.91
LCZ3 Higher Sep 80.950 85.550 80.750 84.950 88% 38 23 20 87% 85.550 89.418 84.950
LCG4 Higher Sep 79.700 82.950 79.350 82.075 76% 38 21 20 95% 82.950 86.237 82.075
LCJ4 Higher Sep 77.525 80.000 77.125 78.850 60% 36 17 17 100% 80.000 82.510 78.850
FCF4 Higher Sep 88.750 92.150 87.500 90.950 74% 26 15 13 87% 92.150 95.822 90.950
FCH4 Lower Sep 87.250 89.400 85.150 87.225 49% 29 12 11 92% 85.150 82.536 87.225
FCJ4 Lower Sep 86.250 88.350 84.400 86.000 41% 27 12 11 92% 84.400 82.000 86.000
LEZ3 Lower Sep 53.925 59.500 52.900 53.600 11% 34 12 11 92% 52.900 48.367 53.600
LEJ4 Lower Sep 58.875 60.400 57.350 58.100 25% 33 13 12 92% 57.350 54.116 58.100
PBG4 Higher Sep 84.075 90.800 82.275 86.350 48% 38 21 18 86% 90.800 100.769 86.350
PBH4 Higher Sep 83.300 90.025 82.500 86.000 47% 39 22 19 86% 90.025 99.114 86.000
SBH4 Higher Sep 6.41 6.48 6.02 6.44 91% 42 18 17 94% 6.48 7.63 6.44
SBK4 Higher Sep 6.41 6.47 6.10 6.44 92% 42 21 19 90% 6.47 7.60 6.44
LBH4 Higher Sep 304.5 323.9 296.0 310.0 50% 30 9 9 100% 323.9 346.1 310.0


Dow Jones Utilities
The #UTIL(Mkt) ended Higher(Cond) for September(Month). Compared to August's 239.60(Prev Close), the market ended September at (Month Close), that being 89%(Pct Range) off of 238.80(Month Low) to 252.01(Month High).

In comparing the August/September closes for each of the last 33 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in September than August in 16(Cond Years) of those years. Of those 16, the #UTIL went on to exceed the September 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 the #UTIL should exceed 252.01(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 265.55(Average Objective).

NASDAQ Composite Index
The #COMPX(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1810.40(Prev Close), the market ended September at (Month Close), that being 30%(Pct Range) off of 1786.60(Month Low) to 1913.70(Month High).

In comparing the August/September closes for each of the last 8 years(Total Years), Scenario found that the NASDAQ Composite Index also closed higher in September than August in 5(Cond Years) of those years. Of those 5, the #COMPX went on to exceed the September high within the next 2 months in 5 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #COMPX should exceed 1913.70(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 5 years) a potential move toward 2062.55(Average Objective).

Nikkei 225 Index
The #SSNI(Mkt) ended Lower(Cond) for September(Month). Compared to August's 10344(Prev Close), the market ended September at (Month Close), that being 7%(Pct Range) off of 10148(Month Low) to 11299(Month High).

In comparing the August/September closes for each of the last 21 years(Total Years), Scenario found that the Nikkei 225 Index also closed lower in September than August in 14(Cond Years) of those years. Of those 14, the #SSNI went on to penetrate the September 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 the #SSNI should penetrate 10148(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 9237(Average Objective).

December 30-Year T-Bonds(CBOT)
The USZ3(Mkt) ended Higher(Cond) for September(Month). Compared to August's 106~00(Prev Close), the market ended September at (Month Close), that being 99%(Pct Range) off of 103~28(Month Low) to 112~07(Month High).

In comparing the August/September closes for each of the last 26 years(Total Years), Scenario found that the December 30-Year T-Bonds(CBOT) also closed higher in September than August in 14(Cond Years) of those years. Of those 14, USZ went on to exceed the September 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 112~07(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 116~27(Average Objective).

December 10-Year T-Notes(CBOT)
The TYZ3(Mkt) ended Higher(Cond) for September(Month). Compared to August's 109~230(Prev Close), the market ended September at (Month Close), that being 99%(Pct Range) off of 108~025(Month Low) to 114~215(Month High).

In comparing the August/September closes for each of the last 21 years(Total Years), Scenario found that the December 10-Year T-Notes(CBOT) also closed higher in September than August in 17(Cond Years) of those years. Of those 17, TYZ went on to exceed the September high within the next 2 months in 16 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the TYZ should exceed 114~215(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 117~254(Average Objective).

December Eurodollars(CME)
The EDZ3(Mkt) ended Higher(Cond) for September(Month). Compared to August's 98.760(Prev Close), the market ended September at (Month Close), that being 97%(Pct Range) off of 98.715(Month Low) to 98.870(Month High).

In comparing the August/September closes for each of the last 21 years(Total Years), Scenario found that the December Eurodollars(CME) also closed higher in September than August in 15(Cond Years) of those years. Of those 15, EDZ went on to exceed the September 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 EDZ should exceed 98.870(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 99.350(Average Objective).

March Eurodollars(CME)
The EDH4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 98.495(Prev Close), the market ended September at (Month Close), that being 99%(Pct Range) off of 98.410(Month Low) to 98.840(Month High).

In comparing the August/September closes for each of the last 21 years(Total Years), Scenario found that the March Eurodollars(CME) also closed higher in September than August in 16(Cond Years) of those years. Of those 16, EDH went on to exceed the September high within the next 2 months in 15 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the EDH should exceed 98.840(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 99.412(Average Objective).

June Eurodollars(CME)
The EDM4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 98.080(Prev Close), the market ended September at (Month Close), that being 98%(Pct Range) off of 97.960(Month Low) to 98.685(Month High).

In comparing the August/September closes for each of the last 21 years(Total Years), Scenario found that the June Eurodollars(CME) also closed higher in September than August in 17(Cond Years) of those years. Of those 17, EDM went on to exceed the September 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 EDM should exceed 98.685(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 99.343(Average Objective).

December Japanese Yen(CME)
The JYZ3(Mkt) ended Higher(Cond) for September(Month). Compared to August's 86.05(Prev Close), the market ended September at (Month Close), that being 81%(Pct Range) off of 85.22(Month Low) to 91.05(Month High).

In comparing the August/September closes for each of the last 26 years(Total Years), Scenario found that the December Japanese Yen(CME) also closed higher in September than August in 14(Cond Years) of those years. Of those 14, JYZ went on to exceed the September 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 JYZ should exceed 91.05(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 96.09(Average Objective).

December Australian Dollar(CME)
The ADZ3(Mkt) ended Higher(Cond) for September(Month). Compared to August's 64.18(Prev Close), the market ended September at (Month Close), that being 86%(Pct Range) off of 62.95(Month Low) to 68.17(Month High).

In comparing the August/September closes for each of the last 16 years(Total Years), Scenario found that the December Australian Dollar(CME) also closed higher in September than August in 7(Cond Years) of those years. Of those 7, ADZ went on to exceed the September 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 ADZ should exceed 68.17(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 69.44(Average Objective).

December US Dollar Index(NYBOT)
The DXZ3(Mkt) ended Lower(Cond) for September(Month). Compared to August's 98.52(Prev Close), the market ended September at (Month Close), that being 10%(Pct Range) off of 92.43(Month Low) to 99.87(Month High).

In comparing the August/September closes for each of the last 17 years(Total Years), Scenario found that the December US Dollar Index(NYBOT) also closed lower in September than August in 11(Cond Years) of those years. Of those 11, DXZ went on to penetrate the September 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 DXZ should penetrate 92.43(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 89.30(Average Objective).

December Palladium(NYME)
The PAZ3(Mkt) ended Higher(Cond) for September(Month). Compared to August's 203.90(Prev Close), the market ended September at (Month Close), that being 49%(Pct Range) off of 195.50(Month Low) to 236.00(Month High).

In comparing the August/September closes for each of the last 26 years(Total Years), Scenario found that the December Palladium(NYME) also closed higher in September than August in 11(Cond Years) of those years. Of those 11, PAZ went on to exceed the September 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 PAZ should exceed 236.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 255.58(Average Objective).

December Crude Oil(NYM)
The CLZ3(Mkt) ended Lower(Cond) for September(Month). Compared to August's 30.83(Prev Close), the market ended September at (Month Close), that being 58%(Pct Range) off of 26.50(Month Low) to 30.68(Month High).

In comparing the August/September closes for each of the last 20 years(Total Years), Scenario found that the December Crude Oil(NYM) also closed lower in September than August in 6(Cond Years) of those years. Of those 6, CLZ went on to penetrate the September 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 CLZ should penetrate 26.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 25.09(Average Objective).

December Heating Oil(NYM)
The HOZ3(Mkt) ended Lower(Cond) for September(Month). Compared to August's 84.33(Prev Close), the market ended September at (Month Close), that being 63%(Pct Range) off of 72.10(Month Low) to 83.90(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the December Heating Oil(NYM) also closed lower in September than August in 7(Cond Years) of those years. Of those 7, HOZ went on to penetrate the September low within the next 2 months in 7 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the HOZ should penetrate 72.10(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 67.54(Average Objective).

January Heating Oil(NYM)
The HOF4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 84.68(Prev Close), the market ended September at (Month Close), that being 62%(Pct Range) off of 73.20(Month Low) to 84.20(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the January Heating Oil(NYM) also closed lower in September than August in 7(Cond Years) of those years. Of those 7, HOF went on to penetrate the September low within the next 2 months in 7 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the HOF should penetrate 73.20(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 68.69(Average Objective).

February Heating Oil(NYM)
The HOG4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 83.68(Prev Close), the market ended September at (Month Close), that being 70%(Pct Range) off of 73.20(Month Low) to 82.55(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the February Heating Oil(NYM) also closed lower in September than August in 7(Cond Years) of those years. Of those 7, HOG went on to penetrate the September 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 HOG should penetrate 73.20(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 69.03(Average Objective).

December Unleaded Gas(NYM)
The HUZ3(Mkt) ended Lower(Cond) for September(Month). Compared to August's 83.07(Prev Close), the market ended September at (Month Close), that being 54%(Pct Range) off of 72.20(Month Low) to 82.50(Month High).

In comparing the August/September closes for each of the last 18 years(Total Years), Scenario found that the December Unleaded Gas(NYM) also closed lower in September than August in 6(Cond Years) of those years. Of those 6, HUZ went on to penetrate the September 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 HUZ should penetrate 72.20(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 67.50(Average Objective).

December Natural Gas(NYM)
The NGZ3(Mkt) ended Lower(Cond) for September(Month). Compared to August's 5.251(Prev Close), the market ended September at (Month Close), that being 39%(Pct Range) off of 4.860(Month Low) to 5.430(Month High).

In comparing the August/September closes for each of the last 13 years(Total Years), Scenario found that the December Natural Gas(NYM) also closed lower in September than August in 5(Cond Years) of those years. Of those 5, NGZ went on to penetrate the September 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 NGZ should penetrate 4.860(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 5 years) a potential move toward 4.352(Average Objective).

January Natural Gas(NYM)
The NGF4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 5.401(Prev Close), the market ended September at (Month Close), that being 38%(Pct Range) off of 5.065(Month Low) to 5.580(Month High).

In comparing the August/September closes for each of the last 13 years(Total Years), Scenario found that the January Natural Gas(NYM) also closed lower in September than August in 4(Cond Years) of those years. Of those 4, NGF went on to penetrate the September 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 NGF should penetrate 5.065(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 4 years) a potential move toward 4.412(Average Objective).

February Natural Gas(NYM)
The NGG4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 5.346(Prev Close), the market ended September at (Month Close), that being 38%(Pct Range) off of 5.033(Month Low) to 5.510(Month High).

In comparing the August/September closes for each of the last 13 years(Total Years), Scenario found that the February Natural Gas(NYM) also closed lower in September than August in 5(Cond Years) of those years. Of those 5, NGG went on to penetrate the September 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 NGG should penetrate 5.033(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 5 years) a potential move toward 4.586(Average Objective).

March Natural Gas(NYM)
The NGH4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 5.241(Prev Close), the market ended September at (Month Close), that being 37%(Pct Range) off of 4.930(Month Low) to 5.410(Month High).

In comparing the August/September closes for each of the last 13 years(Total Years), Scenario found that the March Natural Gas(NYM) also closed lower in September than August in 4(Cond Years) of those years. Of those 4, NGH went on to penetrate the September 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 NGH should penetrate 4.930(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 4 years) a potential move toward 4.544(Average Objective).

December Soybean Oil(CBOT)
The BOZ3(Mkt) ended Higher(Cond) for September(Month). Compared to August's 20.86(Prev Close), the market ended September at (Month Close), that being 96%(Pct Range) off of 20.39(Month Low) to 24.85(Month High).

In comparing the August/September closes for each of the last 43 years(Total Years), Scenario found that the December Soybean Oil(CBOT) also closed higher in September than August in 19(Cond Years) of those years. Of those 19, BOZ went on to exceed the September 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 BOZ should exceed 24.85(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 27.98(Average Objective).

January Soybean Oil(CBOT)
The BOF4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 20.83(Prev Close), the market ended September at (Month Close), that being 96%(Pct Range) off of 20.42(Month Low) to 24.80(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the January Soybean Oil(CBOT) also closed higher in September than August in 20(Cond Years) of those years. Of those 20, BOF went on to exceed the September 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 BOF should exceed 24.80(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 27.63(Average Objective).

March Soybean Oil(CBOT)
The BOH4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 20.75(Prev Close), the market ended September at (Month Close), that being 98%(Pct Range) off of 20.35(Month Low) to 24.65(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the March Soybean Oil(CBOT) also closed higher in September than August in 20(Cond Years) of those years. Of those 20, BOH went on to exceed the September 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 BOH should exceed 24.65(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 27.34(Average Objective).

May Soybean Oil(CBOT)
The BOK4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 20.60(Prev Close), the market ended September at (Month Close), that being 99%(Pct Range) off of 20.20(Month Low) to 24.35(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the May Soybean Oil(CBOT) also closed higher in September than August in 19(Cond Years) of those years. Of those 19, BOK went on to exceed the September high within the next 2 months in 17 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the BOK should exceed 24.35(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 26.83(Average Objective).

December Wheat(MGE)
The MWZ3(Mkt) ended Lower(Cond) for September(Month). Compared to August's 380.75(Prev Close), the market ended September at (Month Close), that being 53%(Pct Range) off of 346.25(Month Low) to 380.00(Month High).

In comparing the August/September closes for each of the last 22 years(Total Years), Scenario found that the December Wheat(MGE) also closed lower in September than August in 10(Cond Years) of those years. Of those 10, MWZ went on to penetrate the September low within the next 2 months in 9 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the MWZ should penetrate 346.25(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 328.98(Average Objective).

March Oats(CBOT)
The OH4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 147.25(Prev Close), the market ended September at (Month Close), that being 46%(Pct Range) off of 142.00(Month Low) to 158.25(Month High).

In comparing the August/September closes for each of the last 29 years(Total Years), Scenario found that the March Oats(CBOT) also closed higher in September than August in 14(Cond Years) of those years. Of those 14, OH went on to exceed the September 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 OH should exceed 158.25(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 171.06(Average Objective).

May Oats(CBOT)
The OK4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 150.50(Prev Close), the market ended September at (Month Close), that being 27%(Pct Range) off of 147.25(Month Low) to 161.00(Month High).

In comparing the August/September closes for each of the last 29 years(Total Years), Scenario found that the May Oats(CBOT) also closed higher in September than August in 16(Cond Years) of those years. Of those 16, OK went on to exceed the September high within the next 2 months in 15 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the OK should exceed 161.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 171.92(Average Objective).

March Rough Rice(CBOT)
The RRH4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 7.83(Prev Close), the market ended September at (Month Close), that being 65%(Pct Range) off of 7.52(Month Low) to 7.86(Month High).

In comparing the August/September closes for each of the last 17 years(Total Years), Scenario found that the March Rough Rice(CBOT) also closed lower in September than August in 9(Cond Years) of those years. Of those 9, RRH went on to penetrate the September 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 RRH should penetrate 7.52(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 6.95(Average Objective).

May Rough Rice(CBOT)
The RRK4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 7.97(Prev Close), the market ended September at (Month Close), that being 74%(Pct Range) off of 7.68(Month Low) to 7.99(Month High).

In comparing the August/September closes for each of the last 14 years(Total Years), Scenario found that the May Rough Rice(CBOT) also closed lower in September than August in 8(Cond Years) of those years. Of those 8, RRK went on to penetrate the September low within the next 2 months in 8 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the RRK should penetrate 7.68(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 7.17(Average Objective).

December Live Cattle(CME)
The LCZ3(Mkt) ended Higher(Cond) for September(Month). Compared to August's 80.950(Prev Close), the market ended September at (Month Close), that being 88%(Pct Range) off of 80.750(Month Low) to 85.550(Month High).

In comparing the August/September closes for each of the last 38 years(Total Years), Scenario found that the December Live Cattle(CME) also closed higher in September than August in 23(Cond Years) of those years. Of those 23, LCZ went on to exceed the September high within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the LCZ should exceed 85.550(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 89.418(Average Objective).

February Live Cattle(CME)
The LCG4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 79.700(Prev Close), the market ended September at (Month Close), that being 76%(Pct Range) off of 79.350(Month Low) to 82.950(Month High).

In comparing the August/September closes for each of the last 38 years(Total Years), Scenario found that the February Live Cattle(CME) also closed higher in September than August in 21(Cond Years) of those years. Of those 21, LCG went on to exceed the September high within the next 2 months in 20 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the LCG should exceed 82.950(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 86.237(Average Objective).

April Live Cattle(CME)
The LCJ4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 77.525(Prev Close), the market ended September at (Month Close), that being 60%(Pct Range) off of 77.125(Month Low) to 80.000(Month High).

In comparing the August/September closes for each of the last 36 years(Total Years), Scenario found that the April Live Cattle(CME) also closed higher in September than August in 17(Cond Years) of those years. Of those 17, LCJ went on to exceed the September high within the next 2 months in 17 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the LCJ should exceed 80.000(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 82.510(Average Objective).

January Feeder Cattle(CME)
The FCF4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 88.750(Prev Close), the market ended September at (Month Close), that being 74%(Pct Range) off of 87.500(Month Low) to 92.150(Month High).

In comparing the August/September closes for each of the last 26 years(Total Years), Scenario found that the January Feeder Cattle(CME) also closed higher in September than August in 15(Cond Years) of those years. Of those 15, FCF went on to exceed the September 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 FCF should exceed 92.150(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 95.822(Average Objective).

March Feeder Cattle(CME)
The FCH4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 87.250(Prev Close), the market ended September at (Month Close), that being 49%(Pct Range) off of 85.150(Month Low) to 89.400(Month High).

In comparing the August/September closes for each of the last 29 years(Total Years), Scenario found that the March Feeder Cattle(CME) also closed lower in September than August in 12(Cond Years) of those years. Of those 12, FCH went on to penetrate the September 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 FCH should penetrate 85.150(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 82.536(Average Objective).

April Feeder Cattle(CME)
The FCJ4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 86.250(Prev Close), the market ended September at (Month Close), that being 41%(Pct Range) off of 84.400(Month Low) to 88.350(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the April Feeder Cattle(CME) also closed lower in September than August in 12(Cond Years) of those years. Of those 12, FCJ went on to penetrate the September 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 FCJ should penetrate 84.400(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 82.000(Average Objective).

December Lean Hogs(CME)
The LEZ3(Mkt) ended Lower(Cond) for September(Month). Compared to August's 53.925(Prev Close), the market ended September at (Month Close), that being 11%(Pct Range) off of 52.900(Month Low) to 59.500(Month High).

In comparing the August/September closes for each of the last 34 years(Total Years), Scenario found that the December Lean Hogs(CME) also closed lower in September than August in 12(Cond Years) of those years. Of those 12, LEZ went on to penetrate the September 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 LEZ should penetrate 52.900(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 48.367(Average Objective).

April Lean Hogs(CME)
The LEJ4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 58.875(Prev Close), the market ended September at (Month Close), that being 25%(Pct Range) off of 57.350(Month Low) to 60.400(Month High).

In comparing the August/September closes for each of the last 33 years(Total Years), Scenario found that the April Lean Hogs(CME) also closed lower in September than August in 13(Cond Years) of those years. Of those 13, LEJ went on to penetrate the September 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 LEJ should penetrate 57.350(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 54.116(Average Objective).

February Pork Bellies(CME)
The PBG4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 84.075(Prev Close), the market ended September at (Month Close), that being 48%(Pct Range) off of 82.275(Month Low) to 90.800(Month High).

In comparing the August/September closes for each of the last 38 years(Total Years), Scenario found that the February Pork Bellies(CME) also closed higher in September than August in 21(Cond Years) of those years. Of those 21, PBG went on to exceed the September 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 PBG should exceed 90.800(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 100.769(Average Objective).

March Pork Bellies(CME)
The PBH4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 83.300(Prev Close), the market ended September at (Month Close), that being 47%(Pct Range) off of 82.500(Month Low) to 90.025(Month High).

In comparing the August/September closes for each of the last 39 years(Total Years), Scenario found that the March Pork Bellies(CME) also closed higher in September than August in 22(Cond Years) of those years. Of those 22, PBH went on to exceed the September high within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the PBH should exceed 90.025(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 99.114(Average Objective).

March Sugar #11(NYBOT)
The SBH4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 6.41(Prev Close), the market ended September at (Month Close), that being 91%(Pct Range) off of 6.02(Month Low) to 6.48(Month High).

In comparing the August/September closes for each of the last 42 years(Total Years), Scenario found that the March Sugar #11(NYBOT) also closed higher in September than August in 18(Cond Years) of those years. Of those 18, SBH went on to exceed the September high within the next 2 months in 17 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the SBH should exceed 6.48(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 7.63(Average Objective).

May Sugar #11(NYBOT)
The SBK4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 6.41(Prev Close), the market ended September at (Month Close), that being 92%(Pct Range) off of 6.10(Month Low) to 6.47(Month High).

In comparing the August/September closes for each of the last 42 years(Total Years), Scenario found that the May Sugar #11(NYBOT) also closed higher in September than August in 21(Cond Years) of those years. Of those 21, SBK went on to exceed the September high within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the SBK should exceed 6.47(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 7.60(Average Objective).

March Lumber(CME)
The LBH4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 304.5(Prev Close), the market ended September at (Month Close), that being 50%(Pct Range) off of 296.0(Month Low) to 323.9(Month High).

In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the March Lumber(CME) also closed higher in September than August in 9(Cond Years) of those years. Of those 9, LBH went on to exceed the September high within the next 2 months in 9 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the LBH should exceed 323.9(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 346.1(Average Objective).