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MRCI's ScenarioSM Summary

Copyright © 2004 Moore Research Center, Inc. All Rights Reserved.
Some data provided by Prophetfinance.com
ScenarioSM Summary Jun 30, 2004
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
#DJ Higher Jun 10188.00 10488.00 10135.00 10436.00 85% 45 21 18 86% 10488.00 10982.77 10436.00
#NDX Higher Jun 1466.20 1523.50 1445.20 1516.60 91% 18 9 8 89% 1523.50 1645.76 1516.60
#COMPX Higher Jun 1986.70 2055.60 1960.30 2047.80 92% 9 7 6 86% 2055.60 2239.58 2047.80
#MID Higher Jun 594.70 607.69 586.80 607.69 100% 23 15 13 87% 607.69 637.46 607.69
#VLE Higher Jun 1575.70 1632.10 1560.30 1631.20 99% 21 10 9 90% 1632.10 1726.59 1631.20
SFU4 Higher Jun 80.14 81.23 78.90 80.17 55% 29 14 12 86% 81.23 86.23 80.17
DXU4 Lower Jun 89.34 90.64 88.41 89.00 26% 18 9 8 89% 88.41 85.10 89.00
HOV4 Higher Jun 101.74 107.78 97.30 103.53 59% 24 9 9 100% 107.78 117.90 103.53
HOX4 Higher Jun 102.29 108.23 98.25 104.13 59% 25 9 9 100% 108.23 118.00 104.13
HOZ4 Higher Jun 102.79 108.68 98.90 104.63 59% 25 9 9 100% 108.68 118.26 104.63
SU4 Lower Jun 714.00 767.00 682.00 697.00 18% 44 22 21 95% 682.00 629.23 697.00
SX4 Lower Jun 684.50 734.50 653.50 669.00 19% 44 23 22 96% 653.50 603.98 669.00
BOU4 Lower Jun 26.95 28.80 25.65 26.35 22% 44 25 22 88% 25.65 23.19 26.35
SMZ4 Lower Jun 215.70 235.00 203.00 205.30 7% 44 21 18 86% 203.00 187.65 205.30
CZ4 Lower Jun 297.25 322.00 264.75 267.00 4% 44 25 21 84% 264.75 239.29 267.00
KWU4 Lower Jun 390.75 416.00 361.00 365.50 8% 28 19 17 89% 361.00 335.22 365.50
KWZ4 Lower Jun 396.00 423.00 372.25 376.50 8% 28 20 17 85% 372.25 344.74 376.50
MWU4 Lower Jun 406.50 432.00 384.00 388.50 9% 23 15 13 87% 384.00 354.18 388.50
RRU4 Lower Jun 9.00 9.54 8.12 8.30 13% 17 11 10 91% 8.12 7.56 8.30
LCG5 Higher Jun 87.425 90.200 86.800 87.775 29% 38 21 20 95% 90.200 94.949 87.775
FCU4 Higher Jun 105.525 112.400 102.700 108.450 59% 32 18 16 89% 112.400 118.685 108.450
FCX4 Higher Jun 103.300 108.000 100.800 105.400 64% 32 19 18 95% 108.000 113.692 105.400
FCF5 Higher Jun 98.650 103.850 96.800 100.800 57% 24 14 14 100% 103.850 108.278 100.800
PBQ4 Higher Jun 109.550 115.125 106.250 112.850 74% 41 18 16 89% 115.125 137.591 112.850
KCU4 Lower Jun 87.60 87.90 72.50 75.30 18% 30 24 21 88% 72.50 62.95 75.30
KCZ4 Lower Jun 90.30 90.50 75.90 78.40 17% 30 24 21 88% 75.90 66.80 78.40
LBU4 Lower Jun 370.8 376.3 346.7 359.8 44% 31 14 13 93% 346.7 308.9 359.8
LBX4 Lower Jun 341.9 346.5 321.0 332.0 43% 31 15 13 87% 321.0 287.7 332.0
CTV4 Lower Jun 59.60 60.40 50.20 51.20 10% 43 18 16 89% 50.20 45.77 51.20
CTZ4 Lower Jun 59.02 59.40 50.40 51.36 11% 43 17 15 88% 50.40 46.94 51.36


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for June(Month). Compared to May's 10188.00(Prev Close), the market ended June at (Month Close), that being 85%(Pct Range) off of 10135.00(Month Low) to 10488.00(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in June than May in 21(Cond Years) of those years. Of those 21, the #DJ went on to exceed the June 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 the #DJ should exceed 10488.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 10982.77(Average Objective).

NASDAQ 100 Index
The #NDX(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1466.20(Prev Close), the market ended June at (Month Close), that being 91%(Pct Range) off of 1445.20(Month Low) to 1523.50(Month High).

In comparing the May/June closes for each of the last 18 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in June than May in 9(Cond Years) of those years. Of those 9, the #NDX went on to exceed the June high within the next 2 months in 8 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the the #NDX should exceed 1523.50(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 1645.76(Average Objective).

NASDAQ Composite Index
The #COMPX(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1986.70(Prev Close), the market ended June at (Month Close), that being 92%(Pct Range) off of 1960.30(Month Low) to 2055.60(Month High).

In comparing the May/June closes for each of the last 9 years(Total Years), Scenario found that the NASDAQ Composite Index also closed higher in June than May in 7(Cond Years) of those years. Of those 7, the #COMPX went on to exceed the June high within the next 2 months in 6 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the the #COMPX should exceed 2055.60(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 2239.58(Average Objective).

S & P Midcap 400 Index
The #MID(Mkt) ended Higher(Cond) for June(Month). Compared to May's 594.70(Prev Close), the market ended June at (Month Close), that being 100%(Pct Range) off of 586.80(Month Low) to 607.69(Month High).

In comparing the May/June closes for each of the last 23 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed higher in June than May in 15(Cond Years) of those years. Of those 15, the #MID went on to exceed the June 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 607.69(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 637.46(Average Objective).

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1575.70(Prev Close), the market ended June at (Month Close), that being 99%(Pct Range) off of 1560.30(Month Low) to 1632.10(Month High).

In comparing the May/June closes for each of the last 21 years(Total Years), Scenario found that the Value Line Index also closed higher in June than May in 10(Cond Years) of those years. Of those 10, the #VLE went on to exceed the June high within the next 2 months in 9 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the the #VLE should exceed 1632.10(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 1726.59(Average Objective).

September Swiss Franc(CME)
The SFU4(Mkt) ended Higher(Cond) for June(Month). Compared to May's 80.14(Prev Close), the market ended June at (Month Close), that being 55%(Pct Range) off of 78.90(Month Low) to 81.23(Month High).

In comparing the May/June closes for each of the last 29 years(Total Years), Scenario found that the September Swiss Franc(CME) also closed higher in June than May in 14(Cond Years) of those years. Of those 14, SFU went on to exceed the June 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 SFU should exceed 81.23(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 86.23(Average Objective).

September US Dollar Index(NYBOT)
The DXU4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 89.34(Prev Close), the market ended June at (Month Close), that being 26%(Pct Range) off of 88.41(Month Low) to 90.64(Month High).

In comparing the May/June closes for each of the last 18 years(Total Years), Scenario found that the September US Dollar Index(NYBOT) also closed lower in June than May in 9(Cond Years) of those years. Of those 9, DXU went on to penetrate the June 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 DXU should penetrate 88.41(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 85.10(Average Objective).

October Heating Oil(NYM)
The HOV4(Mkt) ended Higher(Cond) for June(Month). Compared to May's 101.74(Prev Close), the market ended June at (Month Close), that being 59%(Pct Range) off of 97.30(Month Low) to 107.78(Month High).

In comparing the May/June closes for each of the last 24 years(Total Years), Scenario found that the October Heating Oil(NYM) also closed higher in June than May in 9(Cond Years) of those years. Of those 9, HOV went on to exceed the June 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 HOV should exceed 107.78(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 117.90(Average Objective).

November Heating Oil(NYM)
The HOX4(Mkt) ended Higher(Cond) for June(Month). Compared to May's 102.29(Prev Close), the market ended June at (Month Close), that being 59%(Pct Range) off of 98.25(Month Low) to 108.23(Month High).

In comparing the May/June closes for each of the last 25 years(Total Years), Scenario found that the November Heating Oil(NYM) also closed higher in June than May in 9(Cond Years) of those years. Of those 9, HOX went on to exceed the June 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 HOX should exceed 108.23(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 118.00(Average Objective).

December Heating Oil(NYM)
The HOZ4(Mkt) ended Higher(Cond) for June(Month). Compared to May's 102.79(Prev Close), the market ended June at (Month Close), that being 59%(Pct Range) off of 98.90(Month Low) to 108.68(Month High).

In comparing the May/June closes for each of the last 25 years(Total Years), Scenario found that the December Heating Oil(NYM) also closed higher in June than May in 9(Cond Years) of those years. Of those 9, HOZ went on to exceed the June 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 HOZ should exceed 108.68(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 118.26(Average Objective).

September Soybeans(CBOT)
The SU4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 714.00(Prev Close), the market ended June at (Month Close), that being 18%(Pct Range) off of 682.00(Month Low) to 767.00(Month High).

In comparing the May/June closes for each of the last 44 years(Total Years), Scenario found that the September Soybeans(CBOT) also closed lower in June than May in 22(Cond Years) of those years. Of those 22, SU went on to penetrate the June low within the next 2 months in 21 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the SU should penetrate 682.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 629.23(Average Objective).

November Soybeans(CBOT)
The SX4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 684.50(Prev Close), the market ended June at (Month Close), that being 19%(Pct Range) off of 653.50(Month Low) to 734.50(Month High).

In comparing the May/June closes for each of the last 44 years(Total Years), Scenario found that the November Soybeans(CBOT) also closed lower in June than May in 23(Cond Years) of those years. Of those 23, SX went on to penetrate the June low within the next 2 months in 22 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the SX should penetrate 653.50(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 603.98(Average Objective).

September Soybean Oil(CBOT)
The BOU4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 26.95(Prev Close), the market ended June at (Month Close), that being 22%(Pct Range) off of 25.65(Month Low) to 28.80(Month High).

In comparing the May/June closes for each of the last 44 years(Total Years), Scenario found that the September Soybean Oil(CBOT) also closed lower in June than May in 25(Cond Years) of those years. Of those 25, BOU went on to penetrate the June low within the next 2 months in 22 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the BOU should penetrate 25.65(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 23.19(Average Objective).

December Soybean Meal(CBOT)
The SMZ4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 215.70(Prev Close), the market ended June at (Month Close), that being 7%(Pct Range) off of 203.00(Month Low) to 235.00(Month High).

In comparing the May/June closes for each of the last 44 years(Total Years), Scenario found that the December Soybean Meal(CBOT) also closed lower in June than May in 21(Cond Years) of those years. Of those 21, SMZ went on to penetrate the June low within the next 2 months in 18 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the SMZ should penetrate 203.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 187.65(Average Objective).

December Corn(CBOT)
The CZ4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 297.25(Prev Close), the market ended June at (Month Close), that being 4%(Pct Range) off of 264.75(Month Low) to 322.00(Month High).

In comparing the May/June closes for each of the last 44 years(Total Years), Scenario found that the December Corn(CBOT) also closed lower in June than May in 25(Cond Years) of those years. Of those 25, CZ went on to penetrate the June low within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the CZ should penetrate 264.75(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 239.29(Average Objective).

September Wheat(KCBT)
The KWU4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 390.75(Prev Close), the market ended June at (Month Close), that being 8%(Pct Range) off of 361.00(Month Low) to 416.00(Month High).

In comparing the May/June closes for each of the last 28 years(Total Years), Scenario found that the September Wheat(KCBT) also closed lower in June than May in 19(Cond Years) of those years. Of those 19, KWU went on to penetrate the June 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 KWU should penetrate 361.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 335.22(Average Objective).

December Wheat(KCBT)
The KWZ4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 396.00(Prev Close), the market ended June at (Month Close), that being 8%(Pct Range) off of 372.25(Month Low) to 423.00(Month High).

In comparing the May/June closes for each of the last 28 years(Total Years), Scenario found that the December Wheat(KCBT) also closed lower in June than May in 20(Cond Years) of those years. Of those 20, KWZ went on to penetrate the June 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 KWZ should penetrate 372.25(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 344.74(Average Objective).

September Wheat(MGE)
The MWU4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 406.50(Prev Close), the market ended June at (Month Close), that being 9%(Pct Range) off of 384.00(Month Low) to 432.00(Month High).

In comparing the May/June closes for each of the last 23 years(Total Years), Scenario found that the September Wheat(MGE) also closed lower in June than May in 15(Cond Years) of those years. Of those 15, MWU went on to penetrate the June low within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the MWU should penetrate 384.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 354.18(Average Objective).

September Rough Rice(CBOT)
The RRU4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 9.00(Prev Close), the market ended June at (Month Close), that being 13%(Pct Range) off of 8.12(Month Low) to 9.54(Month High).

In comparing the May/June closes for each of the last 17 years(Total Years), Scenario found that the September Rough Rice(CBOT) also closed lower in June than May in 11(Cond Years) of those years. Of those 11, RRU went on to penetrate the June 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 RRU should penetrate 8.12(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 7.56(Average Objective).

February Live Cattle(CME)
The LCG5(Mkt) ended Higher(Cond) for June(Month). Compared to May's 87.425(Prev Close), the market ended June at (Month Close), that being 29%(Pct Range) off of 86.800(Month Low) to 90.200(Month High).

In comparing the May/June closes for each of the last 38 years(Total Years), Scenario found that the February Live Cattle(CME) also closed higher in June than May in 21(Cond Years) of those years. Of those 21, LCG went on to exceed the June 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 90.200(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 94.949(Average Objective).

September Feeder Cattle(CME)
The FCU4(Mkt) ended Higher(Cond) for June(Month). Compared to May's 105.525(Prev Close), the market ended June at (Month Close), that being 59%(Pct Range) off of 102.700(Month Low) to 112.400(Month High).

In comparing the May/June closes for each of the last 32 years(Total Years), Scenario found that the September Feeder Cattle(CME) also closed higher in June than May in 18(Cond Years) of those years. Of those 18, FCU went on to exceed the June 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 FCU should exceed 112.400(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 118.685(Average Objective).

November Feeder Cattle(CME)
The FCX4(Mkt) ended Higher(Cond) for June(Month). Compared to May's 103.300(Prev Close), the market ended June at (Month Close), that being 64%(Pct Range) off of 100.800(Month Low) to 108.000(Month High).

In comparing the May/June closes for each of the last 32 years(Total Years), Scenario found that the November Feeder Cattle(CME) also closed higher in June than May in 19(Cond Years) of those years. Of those 19, FCX went on to exceed the June high within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the FCX should exceed 108.000(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 113.692(Average Objective).

January Feeder Cattle(CME)
The FCF5(Mkt) ended Higher(Cond) for June(Month). Compared to May's 98.650(Prev Close), the market ended June at (Month Close), that being 57%(Pct Range) off of 96.800(Month Low) to 103.850(Month High).

In comparing the May/June closes for each of the last 24 years(Total Years), Scenario found that the January Feeder Cattle(CME) also closed higher in June than May in 14(Cond Years) of those years. Of those 14, FCF went on to exceed the June 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 FCF should exceed 103.850(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 108.278(Average Objective).

August Pork Bellies(CME)
The PBQ4(Mkt) ended Higher(Cond) for June(Month). Compared to May's 109.550(Prev Close), the market ended June at (Month Close), that being 74%(Pct Range) off of 106.250(Month Low) to 115.125(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the August Pork Bellies(CME) also closed higher in June than May in 18(Cond Years) of those years. Of those 18, PBQ went on to exceed the June 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 PBQ should exceed 115.125(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 137.591(Average Objective).

September Coffee "C"(NYBOT)
The KCU4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 87.60(Prev Close), the market ended June at (Month Close), that being 18%(Pct Range) off of 72.50(Month Low) to 87.90(Month High).

In comparing the May/June closes for each of the last 30 years(Total Years), Scenario found that the September Coffee "C"(NYBOT) also closed lower in June than May in 24(Cond Years) of those years. Of those 24, KCU went on to penetrate the June 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 KCU should penetrate 72.50(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 62.95(Average Objective).

December Coffee "C"(NYBOT)
The KCZ4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 90.30(Prev Close), the market ended June at (Month Close), that being 17%(Pct Range) off of 75.90(Month Low) to 90.50(Month High).

In comparing the May/June closes for each of the last 30 years(Total Years), Scenario found that the December Coffee "C"(NYBOT) also closed lower in June than May in 24(Cond Years) of those years. Of those 24, KCZ went on to penetrate the June 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 KCZ should penetrate 75.90(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 66.80(Average Objective).

September Lumber(CME)
The LBU4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 370.8(Prev Close), the market ended June at (Month Close), that being 44%(Pct Range) off of 346.7(Month Low) to 376.3(Month High).

In comparing the May/June closes for each of the last 31 years(Total Years), Scenario found that the September Lumber(CME) also closed lower in June than May in 14(Cond Years) of those years. Of those 14, LBU went on to penetrate the June low within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the LBU should penetrate 346.7(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 308.9(Average Objective).

November Lumber(CME)
The LBX4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 341.9(Prev Close), the market ended June at (Month Close), that being 43%(Pct Range) off of 321.0(Month Low) to 346.5(Month High).

In comparing the May/June closes for each of the last 31 years(Total Years), Scenario found that the November Lumber(CME) also closed lower in June than May in 15(Cond Years) of those years. Of those 15, LBX went on to penetrate the June low within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the LBX should penetrate 321.0(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 287.7(Average Objective).

October Cotton(NYBOT)
The CTV4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 59.60(Prev Close), the market ended June at (Month Close), that being 10%(Pct Range) off of 50.20(Month Low) to 60.40(Month High).

In comparing the May/June closes for each of the last 43 years(Total Years), Scenario found that the October Cotton(NYBOT) also closed lower in June than May in 18(Cond Years) of those years. Of those 18, CTV went on to penetrate the June low within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the CTV should penetrate 50.20(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 45.77(Average Objective).

December Cotton(NYBOT)
The CTZ4(Mkt) ended Lower(Cond) for June(Month). Compared to May's 59.02(Prev Close), the market ended June at (Month Close), that being 11%(Pct Range) off of 50.40(Month Low) to 59.40(Month High).

In comparing the May/June closes for each of the last 43 years(Total Years), Scenario found that the December Cotton(NYBOT) also closed lower in June than May in 17(Cond Years) of those years. Of those 17, CTZ went on to penetrate the June low within the next 2 months in 15 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the CTZ should penetrate 50.40(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 46.94(Average Objective).