- Dow Jones Utilities
- The #UTIL(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 273.60(Prev Close), the market ended May at (Month Close),
that being 93%(Pct Range) off of
259.10(Month Low) to 277.00(Month High).
In comparing the April/May closes for each of the last 34 years(Total Years), Scenario found that the Dow Jones Utilities also closed
higher in May than April in 19(Cond Years) of those years.
Of those 19, the #UTIL went on to exceed the May high within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.
Therefore, the historical odds are high that the the #UTIL should exceed 277.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 16 years) a potential move
toward 292.19(Average Objective).
- S & P 100(OEX)
- The #OEX(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 540.90(Prev Close), the market ended May at (Month Close),
that being 76%(Pct Range) off of
526.55(Month Low) to 551.05(Month High).
In comparing the April/May closes for each of the last 21 years(Total Years), Scenario found that the S & P 100(OEX) also closed
higher in May than April in 15(Cond Years) of those years.
Of those 15, the #OEX went on to exceed the May high within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.
Therefore, the historical odds are high that the the #OEX should exceed 551.05(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 13 years) a potential move
toward 572.03(Average Objective).
- NASDAQ 100 Index
- The #NDX(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 1401.40(Prev Close), the market ended May at (Month Close),
that being 97%(Pct Range) off of
1372.50(Month Low) to 1469.20(Month High).
In comparing the April/May closes for each of the last 18 years(Total Years), Scenario found that the NASDAQ 100 Index also closed
higher in May than April in 12(Cond Years) of those years.
Of those 12, the #NDX went on to exceed the May 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 the #NDX should exceed 1469.20(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 11 years) a potential move
toward 1533.65(Average Objective).
- NASDAQ Composite Index
- The #COMPX(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 1920.20(Prev Close), the market ended May at (Month Close),
that being 96%(Pct Range) off of
1865.40(Month Low) to 1991.90(Month High).
In comparing the April/May closes for each of the last 9 years(Total Years), Scenario found that the NASDAQ Composite Index also closed
higher in May than April in 4(Cond Years) of those years.
Of those 4, the #COMPX went on to exceed the May 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 1991.90(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 4 years) a potential move
toward 2164.94(Average Objective).
- S & P Midcap 400 Index
- The #MID(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 583.29(Prev Close), the market ended May at (Month Close),
that being 100%(Pct Range) off of
557.37(Month Low) to 594.78(Month High).
In comparing the April/May closes for each of the last 23 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed
higher in May than April in 15(Cond Years) of those years.
Of those 15, the #MID went on to exceed the May high within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.
Therefore, the historical odds are high that the the #MID should exceed 594.78(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 13 years) a potential move
toward 621.30(Average Objective).
- September S & P 500(CME)
- The SPU4(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 1105.10(Prev Close), the market ended May at (Month Close),
that being 92%(Pct Range) off of
1079.50(Month Low) to 1123.00(Month High).
In comparing the April/May closes for each of the last 22 years(Total Years), Scenario found that the September S & P 500(CME) also closed
higher in May than April in 14(Cond Years) of those years.
Of those 14, SPU went on to exceed the May 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 SPU should exceed 1123.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 12 years) a potential move
toward 1167.38(Average Objective).
- September NASDAQ 100(CME)
- The NDU4(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 1405.50(Prev Close), the market ended May at (Month Close),
that being 100%(Pct Range) off of
1385.00(Month Low) to 1471.00(Month High).
In comparing the April/May closes for each of the last 7 years(Total Years), Scenario found that the September NASDAQ 100(CME) also closed
higher in May than April in 2(Cond Years) of those years.
Of those 2, NDU went on to exceed the May 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 NDU should exceed 1471.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 2 years) a potential move
toward 1615.41(Average Objective).
- September Japanese Yen(CME)
- The JYU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 91.03(Prev Close), the market ended May at (Month Close),
that being 66%(Pct Range) off of
87.46(Month Low) to 92.68(Month High).
In comparing the April/May closes for each of the last 27 years(Total Years), Scenario found that the September Japanese Yen(CME) also closed
lower in May than April in 16(Cond Years) of those years.
Of those 16, JYU went on to penetrate the May low within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.
Therefore, the historical odds are high that the JYU should penetrate 87.46(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 14 years) a potential move
toward 83.44(Average Objective).
- September British Pound(CME)
- The BPU4(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 175.75(Prev Close), the market ended May at (Month Close),
that being 93%(Pct Range) off of
173.00(Month Low) to 182.25(Month High).
In comparing the April/May closes for each of the last 29 years(Total Years), Scenario found that the September British Pound(CME) also closed
higher in May than April in 11(Cond Years) of those years.
Of those 11, BPU went on to exceed the May 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 BPU should exceed 182.25(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 10 years) a potential move
toward 193.81(Average Objective).
- September Australian Dollar(CME)
- The ADU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 71.08(Prev Close), the market ended May at (Month Close),
that being 64%(Pct Range) off of
67.49(Month Low) to 72.20(Month High).
In comparing the April/May closes for each of the last 17 years(Total Years), Scenario found that the September Australian Dollar(CME) also closed
lower in May than April in 9(Cond Years) of those years.
Of those 9, ADU went on to penetrate the May 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 ADU should penetrate 67.49(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 8 years) a potential move
toward 66.14(Average Objective).
- September US Dollar Index(NYBOT)
- The DXU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 91.09(Prev Close), the market ended May at (Month Close),
that being 10%(Pct Range) off of
88.95(Month Low) to 92.81(Month High).
In comparing the April/May closes for each of the last 18 years(Total Years), Scenario found that the September US Dollar Index(NYBOT) also closed
lower in May than April in 8(Cond Years) of those years.
Of those 8, DXU went on to penetrate the May low within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.
Therefore, the historical odds are high that the DXU should penetrate 88.95(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 7 years) a potential move
toward 85.82(Average Objective).
- August Soybeans(CBOT)
- The SQ4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 939.50(Prev Close), the market ended May at (Month Close),
that being 2%(Pct Range) off of
772.00(Month Low) to 972.00(Month High).
In comparing the April/May closes for each of the last 42 years(Total Years), Scenario found that the August Soybeans(CBOT) also closed
lower in May than April in 21(Cond Years) of those years.
Of those 21, SQ went on to penetrate the May low within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.
Therefore, the historical odds are high that the SQ should penetrate 772.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 19 years) a potential move
toward 716.88(Average Objective).
- September Soybeans(CBOT)
- The SU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 816.50(Prev Close), the market ended May at (Month Close),
that being 7%(Pct Range) off of
704.00(Month Low) to 847.00(Month High).
In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the September Soybeans(CBOT) also closed
lower in May than April in 22(Cond Years) of those years.
Of those 22, SU went on to penetrate the May low within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.
Therefore, the historical odds are high that the SU should penetrate 704.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 20 years) a potential move
toward 660.25(Average Objective).
- September Soybean Oil(CBOT)
- The BOU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 30.20(Prev Close), the market ended May at (Month Close),
that being 11%(Pct Range) off of
26.50(Month Low) to 30.75(Month High).
In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the September Soybean Oil(CBOT) also closed
lower in May than April in 23(Cond Years) of those years.
Of those 23, BOU went on to penetrate the May low within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.
Therefore, the historical odds are high that the BOU should penetrate 26.50(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 20 years) a potential move
toward 24.17(Average Objective).
- December Soybean Oil(CBOT)
- The BOZ4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 27.23(Prev Close), the market ended May at (Month Close),
that being 25%(Pct Range) off of
24.20(Month Low) to 28.15(Month High).
In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the December Soybean Oil(CBOT) also closed
lower in May than April in 24(Cond Years) of those years.
Of those 24, BOZ went on to penetrate the May low within the next 2 months in 22 years(Action Years) or 92%(Pct) of the time.
Therefore, the historical odds are high that the BOZ should penetrate 24.20(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 22 years) a potential move
toward 22.33(Average Objective).
- August Soybean Meal(CBOT)
- The SMQ4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 299.50(Prev Close), the market ended May at (Month Close),
that being 2%(Pct Range) off of
245.80(Month Low) to 316.50(Month High).
In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the August Soybean Meal(CBOT) also closed
lower in May than April in 20(Cond Years) of those years.
Of those 20, SMQ went on to penetrate the May low within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.
Therefore, the historical odds are high that the SMQ should penetrate 245.80(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 18 years) a potential move
toward 227.11(Average Objective).
- September Soybean Meal(CBOT)
- The SMU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 274.50(Prev Close), the market ended May at (Month Close),
that being 0%(Pct Range) off of
233.00(Month Low) to 289.00(Month High).
In comparing the April/May closes for each of the last 43 years(Total Years), Scenario found that the September Soybean Meal(CBOT) also closed
lower in May than April in 19(Cond Years) of those years.
Of those 19, SMU went on to penetrate the May low within the next 2 months in 17 years(Action Years) or 89%(Pct) of the time.
Therefore, the historical odds are high that the SMU should penetrate 233.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 17 years) a potential move
toward 216.12(Average Objective).
- September Soybean Meal(CBOT)
- The SMU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 274.50(Prev Close), the market ended May at (Month Close),
that being 0%(Pct Range) off of
233.00(Month Low) to 289.00(Month High).
In comparing the April/May closes for each of the last 43 years(Total Years), Scenario found that the September Soybean Meal(CBOT) also closed
lower in May than April in 19(Cond Years) of those years.
Of those 19, SMU went on to penetrate the May low within the next 2 months in 17 years(Action Years) or 89%(Pct) of the time.
Therefore, the historical odds are high that the SMU should penetrate 233.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 17 years) a potential move
toward 216.12(Average Objective).
- September Corn(CBOT)
- The CU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 318.75(Prev Close), the market ended May at (Month Close),
that being 44%(Pct Range) off of
281.75(Month Low) to 323.00(Month High).
In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the September Corn(CBOT) also closed
lower in May than April in 22(Cond Years) of those years.
Of those 22, CU went on to penetrate the May low within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.
Therefore, the historical odds are high that the CU should penetrate 281.75(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 20 years) a potential move
toward 257.75(Average Objective).
- December Corn(CBOT)
- The CZ4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 317.25(Prev Close), the market ended May at (Month Close),
that being 44%(Pct Range) off of
278.00(Month Low) to 322.25(Month High).
In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the December Corn(CBOT) also closed
lower in May than April in 23(Cond Years) of those years.
Of those 23, CZ went on to penetrate the May low within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.
Therefore, the historical odds are high that the CZ should penetrate 278.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 20 years) a potential move
toward 254.67(Average Objective).
- September Wheat(CBOT)
- The WU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 395.75(Prev Close), the market ended May at (Month Close),
that being 11%(Pct Range) off of
364.00(Month Low) to 422.00(Month High).
In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the September Wheat(CBOT) also closed
lower in May than April in 24(Cond Years) of those years.
Of those 24, WU went on to penetrate the May low within the next 2 months in 22 years(Action Years) or 92%(Pct) of the time.
Therefore, the historical odds are high that the WU should penetrate 364.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 22 years) a potential move
toward 336.16(Average Objective).
- December Wheat(CBOT)
- The WZ4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 405.00(Prev Close), the market ended May at (Month Close),
that being 13%(Pct Range) off of
374.50(Month Low) to 430.00(Month High).
In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the December Wheat(CBOT) also closed
lower in May than April in 23(Cond Years) of those years.
Of those 23, WZ went on to penetrate the May 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 WZ should penetrate 374.50(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 21 years) a potential move
toward 347.45(Average Objective).
- September Wheat(KCBT)
- The KWU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 405.00(Prev Close), the market ended May at (Month Close),
that being 16%(Pct Range) off of
382.50(Month Low) to 434.00(Month High).
In comparing the April/May closes for each of the last 28 years(Total Years), Scenario found that the September Wheat(KCBT) also closed
lower in May than April in 15(Cond Years) of those years.
Of those 15, KWU went on to penetrate the May low within the next 2 months in 15 years(Action Years) or 100%(Pct) of the time.
Therefore, the historical odds are high that the KWU should penetrate 382.50(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 15 years) a potential move
toward 351.58(Average Objective).
- December Wheat(KCBT)
- The KWZ4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 413.50(Prev Close), the market ended May at (Month Close),
that being 13%(Pct Range) off of
389.00(Month Low) to 444.00(Month High).
In comparing the April/May closes for each of the last 28 years(Total Years), Scenario found that the December Wheat(KCBT) also closed
lower in May than April in 15(Cond Years) of those years.
Of those 15, KWZ went on to penetrate the May low within the next 2 months in 15 years(Action Years) or 100%(Pct) of the time.
Therefore, the historical odds are high that the KWZ should penetrate 389.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 15 years) a potential move
toward 359.16(Average Objective).
- September Wheat(MGE)
- The MWU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 424.00(Prev Close), the market ended May at (Month Close),
that being 16%(Pct Range) off of
399.00(Month Low) to 446.00(Month High).
In comparing the April/May closes for each of the last 23 years(Total Years), Scenario found that the September Wheat(MGE) also closed
lower in May than April in 15(Cond Years) of those years.
Of those 15, MWU went on to penetrate the May low within the next 2 months in 14 years(Action Years) or 93%(Pct) of the time.
Therefore, the historical odds are high that the MWU should penetrate 399.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 14 years) a potential move
toward 366.75(Average Objective).
- December Wheat(MGE)
- The MWZ4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 428.50(Prev Close), the market ended May at (Month Close),
that being 20%(Pct Range) off of
404.00(Month Low) to 450.50(Month High).
In comparing the April/May closes for each of the last 23 years(Total Years), Scenario found that the December Wheat(MGE) also closed
lower in May than April in 14(Cond Years) of those years.
Of those 14, MWZ went on to penetrate the May low within the next 2 months in 14 years(Action Years) or 100%(Pct) of the time.
Therefore, the historical odds are high that the MWZ should penetrate 404.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 14 years) a potential move
toward 377.74(Average Objective).
- September Oats(CBOT)
- The OU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 182.75(Prev Close), the market ended May at (Month Close),
that being 15%(Pct Range) off of
148.00(Month Low) to 185.50(Month High).
In comparing the April/May closes for each of the last 29 years(Total Years), Scenario found that the September Oats(CBOT) also closed
lower in May than April in 16(Cond Years) of those years.
Of those 16, OU went on to penetrate the May low within the next 2 months in 16 years(Action Years) or 100%(Pct) of the time.
Therefore, the historical odds are high that the OU should penetrate 148.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 16 years) a potential move
toward 130.05(Average Objective).
- December Oats(CBOT)
- The OZ4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 190.00(Prev Close), the market ended May at (Month Close),
that being 18%(Pct Range) off of
156.00(Month Low) to 190.00(Month High).
In comparing the April/May closes for each of the last 29 years(Total Years), Scenario found that the December Oats(CBOT) also closed
lower in May than April in 17(Cond Years) of those years.
Of those 17, OZ went on to penetrate the May low within the next 2 months in 17 years(Action Years) or 100%(Pct) of the time.
Therefore, the historical odds are high that the OZ should penetrate 156.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 17 years) a potential move
toward 137.47(Average Objective).
- September Rough Rice(CBOT)
- The RRU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 9.52(Prev Close), the market ended May at (Month Close),
that being 0%(Pct Range) off of
9.00(Month Low) to 9.55(Month High).
In comparing the April/May closes for each of the last 17 years(Total Years), Scenario found that the September Rough Rice(CBOT) also closed
lower in May than April in 8(Cond Years) of those years.
Of those 8, RRU went on to penetrate the May low within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.
Therefore, the historical odds are high that the RRU should penetrate 9.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 7 years) a potential move
toward 8.46(Average Objective).
- October Live Cattle(CME)
- The LCV4(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 82.875(Prev Close), the market ended May at (Month Close),
that being 80%(Pct Range) off of
83.100(Month Low) to 88.900(Month High).
In comparing the April/May closes for each of the last 39 years(Total Years), Scenario found that the October Live Cattle(CME) also closed
higher in May than April in 16(Cond Years) of those years.
Of those 16, LCV went on to exceed the May 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 LCV should exceed 88.900(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 15 years) a potential move
toward 92.838(Average Objective).
- December Live Cattle(CME)
- The LCZ4(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 83.125(Prev Close), the market ended May at (Month Close),
that being 84%(Pct Range) off of
82.200(Month Low) to 88.500(Month High).
In comparing the April/May closes for each of the last 39 years(Total Years), Scenario found that the December Live Cattle(CME) also closed
higher in May than April in 18(Cond Years) of those years.
Of those 18, LCZ went on to exceed the May high within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.
Therefore, the historical odds are high that the LCZ should exceed 88.500(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 16 years) a potential move
toward 91.769(Average Objective).
- September Feeder Cattle(CME)
- The FCU4(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 97.100(Prev Close), the market ended May at (Month Close),
that being 90%(Pct Range) off of
96.600(Month Low) to 106.500(Month High).
In comparing the April/May closes for each of the last 32 years(Total Years), Scenario found that the September Feeder Cattle(CME) also closed
higher in May than April in 17(Cond Years) of those years.
Of those 17, FCU went on to exceed the May 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 FCU should exceed 106.500(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 15 years) a potential move
toward 113.218(Average Objective).
- October Lean Hogs(CME)
- The LEV4(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 60.225(Prev Close), the market ended May at (Month Close),
that being 10%(Pct Range) off of
60.000(Month Low) to 62.650(Month High).
In comparing the April/May closes for each of the last 34 years(Total Years), Scenario found that the October Lean Hogs(CME) also closed
higher in May than April in 17(Cond Years) of those years.
Of those 17, LEV went on to exceed the May 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 LEV should exceed 62.650(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 15 years) a potential move
toward 67.779(Average Objective).
- December Lean Hogs(CME)
- The LEZ4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 57.050(Prev Close), the market ended May at (Month Close),
that being 11%(Pct Range) off of
55.000(Month Low) to 59.350(Month High).
In comparing the April/May closes for each of the last 34 years(Total Years), Scenario found that the December Lean Hogs(CME) also closed
lower in May than April in 16(Cond Years) of those years.
Of those 16, LEZ went on to penetrate the May low within the next 2 months in 16 years(Action Years) or 100%(Pct) of the time.
Therefore, the historical odds are high that the LEZ should penetrate 55.000(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 16 years) a potential move
toward 49.100(Average Objective).
- September Orange Juice(NYBOT)
- The JOU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 62.75(Prev Close), the market ended May at (Month Close),
that being 21%(Pct Range) off of
56.60(Month Low) to 63.40(Month High).
In comparing the April/May closes for each of the last 36 years(Total Years), Scenario found that the September Orange Juice(NYBOT) also closed
lower in May than April in 13(Cond Years) of those years.
Of those 13, JOU went on to penetrate the May 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 JOU should penetrate 56.60(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 12 years) a potential move
toward 51.48(Average Objective).
- October Sugar #11(NYBOT)
- The SBV4(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 7.20(Prev Close), the market ended May at (Month Close),
that being 100%(Pct Range) off of
6.66(Month Low) to 7.32(Month High).
In comparing the April/May closes for each of the last 40 years(Total Years), Scenario found that the October Sugar #11(NYBOT) also closed
higher in May than April in 16(Cond Years) of those years.
Of those 16, SBV went on to exceed the May 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 SBV should exceed 7.32(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 14 years) a potential move
toward 8.39(Average Objective).
- March Sugar #11(NYBOT)
- The SBH5(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 7.46(Prev Close), the market ended May at (Month Close),
that being 98%(Pct Range) off of
7.06(Month Low) to 7.56(Month High).
In comparing the April/May closes for each of the last 43 years(Total Years), Scenario found that the March Sugar #11(NYBOT) also closed
higher in May than April in 19(Cond Years) of those years.
Of those 19, SBH went on to exceed the May high within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.
Therefore, the historical odds are high that the SBH should exceed 7.56(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 16 years) a potential move
toward 8.51(Average Objective).
- September Cocoa(NYBOT)
- The CCU4(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 1418(Prev Close), the market ended May at (Month Close),
that being 93%(Pct Range) off of
1308(Month Low) to 1485(Month High).
In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the September Cocoa(NYBOT) also closed
higher in May than April in 16(Cond Years) of those years.
Of those 16, CCU went on to exceed the May 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 CCU should exceed 1485(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 14 years) a potential move
toward 1641(Average Objective).
- December Cocoa(NYBOT)
- The CCZ4(Mkt) ended Higher(Cond) for
May(Month). Compared to April's 1430(Prev Close), the market ended May at (Month Close),
that being 96%(Pct Range) off of
1322(Month Low) to 1490(Month High).
In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the December Cocoa(NYBOT) also closed
higher in May than April in 16(Cond Years) of those years.
Of those 16, CCZ went on to exceed the May 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 CCZ should exceed 1490(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 14 years) a potential move
toward 1658(Average Objective).
- September Lumber(CME)
- The LBU4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 388.7(Prev Close), the market ended May at (Month Close),
that being 21%(Pct Range) off of
363.6(Month Low) to 398.0(Month High).
In comparing the April/May closes for each of the last 31 years(Total Years), Scenario found that the September Lumber(CME) also closed
lower in May than April in 13(Cond Years) of those years.
Of those 13, LBU went on to penetrate the May low within the next 2 months in 12 years(Action Years) or 92%(Pct) of the time.
Therefore, the historical odds are high that the LBU should penetrate 363.6(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 12 years) a potential move
toward 328.0(Average Objective).
- November Lumber(CME)
- The LBX4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 355.4(Prev Close), the market ended May at (Month Close),
that being 19%(Pct Range) off of
336.6(Month Low) to 364.5(Month High).
In comparing the April/May closes for each of the last 31 years(Total Years), Scenario found that the November Lumber(CME) also closed
lower in May than April in 13(Cond Years) of those years.
Of those 13, LBX went on to penetrate the May low within the next 2 months in 13 years(Action Years) or 100%(Pct) of the time.
Therefore, the historical odds are high that the LBX should penetrate 336.6(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 13 years) a potential move
toward 310.1(Average Objective).
- December Cotton(NYBOT)
- The CTZ4(Mkt) ended Lower(Cond) for
May(Month). Compared to April's 61.73(Prev Close), the market ended May at (Month Close),
that being 16%(Pct Range) off of
58.00(Month Low) to 64.30(Month High).
In comparing the April/May closes for each of the last 43 years(Total Years), Scenario found that the December Cotton(NYBOT) also closed
lower in May than April in 20(Cond Years) of those years.
Of those 20, CTZ went on to penetrate the May low within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.
Therefore, the historical odds are high that the CTZ should penetrate 58.00(Scenario Objective) by no later than the end of July.
If it does so, Scenario would further project (based on
normalizing those previous 17 years) a potential move
toward 54.71(Average Objective).
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