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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, 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
#TRAN Higher Sep 3105.50 3271.60 3085.10 3243.50 85% 34 11 11 100% 3271.60 3504.72 3243.50
#UTIL Higher Sep 290.50 296.50 289.80 295.33 83% 34 17 15 88% 296.50 311.74 295.33
#NDX Higher Sep 1368.70 1440.80 1360.60 1412.70 65% 18 10 10 100% 1440.80 1557.66 1412.70
#COMPX Higher Sep 1838.10 1925.80 1840.90 1885.70 53% 9 5 5 100% Yes 2079.63 1885.70
#VLE Higher Sep 1524.90 1591.60 1524.00 1576.10 77% 21 8 7 88% 1591.60 1649.63 1576.10
#SSNI Lower Sep 11082 11358 10738 10786 8% 22 15 13 87% Yes 9804 10786
#SP Higher Sep 1104.25 1131.55 1099.20 1114.55 47% 45 16 14 88% 1131.55 1198.03 1114.55
SPZ4 Higher Sep 1104.40 1132.30 1101.60 1114.90 43% 22 7 7 100% 1132.30 1187.21 1114.90
NDZ4 Higher Sep 1375.00 1447.00 1370.50 1417.50 61% 8 4 4 100% 1447.00 1628.91 1417.50
USZ4 Higher Sep 111~10 114~03 109~05 112~07 62% 27 15 13 87% 114~03 118~23 112~07
TYZ4 Higher Sep 112~100 113~255 111~025 112~200 57% 22 18 17 94% 113~255 116~218 112~200
JYZ4 Lower Sep 91.99 92.17 89.97 91.27 59% 27 12 12 100% 89.97 86.87 91.27
ADZ4 Higher Sep 69.64 72.34 67.97 72.33 100% 17 8 8 100% 72.34 74.27 72.33
DXZ4 Lower Sep 89.22 90.05 87.49 87.51 1% 18 12 11 92% 87.49 84.56 87.51
CLH5 Higher Sep 40.69 47.60 40.80 47.30 96% 21 14 12 86% 47.60 49.96 47.30
HUF5 Higher Sep 112.79 133.00 114.09 130.51 87% 19 12 12 100% 133.00 139.27 130.51
HUH5 Higher Sep 114.19 132.10 115.19 131.06 94% 18 11 10 91% 132.10 137.89 131.06
SF5 Lower Sep 633.00 656.00 530.50 534.75 3% 45 24 21 88% 530.50 501.27 534.75
SH5 Lower Sep 638.50 662.00 539.00 539.75 1% 45 22 20 91% 539.00 511.08 539.75
SK5 Lower Sep 639.75 658.00 546.00 547.75 2% 45 22 20 91% 546.00 518.48 547.75
BOZ4 Lower Sep 25.20 26.10 20.50 20.74 4% 44 24 22 92% 20.50 19.10 20.74
BOH5 Lower Sep 24.87 25.60 20.66 20.79 3% 45 24 22 92% 20.66 19.25 20.79
BOK5 Lower Sep 24.75 25.40 20.73 20.80 1% 45 25 22 88% 20.73 19.23 20.80
SMZ4 Lower Sep 181.20 190.00 159.00 159.70 2% 45 25 21 84% 159.00 150.71 159.70
SMH5 Lower Sep 185.90 192.50 164.00 164.10 0% 45 26 22 85% 164.00 155.92 164.10
OZ4 Lower Sep 152.00 172.50 140.50 144.25 12% 30 13 12 92% 140.50 130.74 144.25
OK4 Higher Sep 150.50 161.00 147.25 151.00 27% 30 17 15 88% No 171.92 152.50
LCZ4 Lower Sep 87.450 89.550 85.350 87.280 46% 39 15 13 87% 85.350 81.469 87.280
LCG5 Higher Sep 88.150 90.200 86.200 88.900 68% 39 22 21 95% 90.200 93.994 88.900
FCF5 Higher Sep 104.450 107.400 102.000 106.385 81% 27 16 14 88% 107.400 112.026 106.385
LEZ4 Higher Sep 63.725 71.800 61.900 69.135 73% 35 22 20 91% 71.800 77.093 69.135
PBG5 Higher Sep 92.425 104.500 92.200 97.385 42% 39 22 19 86% 104.500 115.560 97.385
SBH5 Higher Sep 8.57 9.10 8.18 9.06 96% 43 19 17 89% 9.10 10.71 9.06
CCZ4 Lower Sep 1686 1639 1431 1453 11% 44 19 16 84% 1431 1322 1453
CTH5 Lower Sep 55.50 56.50 48.05 48.52 6% 44 26 23 88% 48.05 45.64 48.52


Dow Jones Transportation
The #TRAN(Mkt) ended Higher(Cond) for September(Month). Compared to August's 3105.50(Prev Close), the market ended September at (Month Close), that being 85%(Pct Range) off of 3085.10(Month Low) to 3271.60(Month High).

In comparing the August/September closes for each of the last 34 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in September than August in 11(Cond Years) of those years. Of those 11, the #TRAN went on to exceed the September high within the next 2 months in 11 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #TRAN should exceed 3271.60(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 3504.72(Average Objective).

Dow Jones Utilities
The #UTIL(Mkt) ended Higher(Cond) for September(Month). Compared to August's 290.50(Prev Close), the market ended September at (Month Close), that being 83%(Pct Range) off of 289.80(Month Low) to 296.50(Month High).

In comparing the August/September closes for each of the last 34 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in September than August in 17(Cond Years) of those years. Of those 17, the #UTIL 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 the #UTIL should exceed 296.50(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 311.74(Average Objective).

NASDAQ 100 Index
The #NDX(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1368.70(Prev Close), the market ended September at (Month Close), that being 65%(Pct Range) off of 1360.60(Month Low) to 1440.80(Month High).

In comparing the August/September closes for each of the last 18 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in September than August in 10(Cond Years) of those years. Of those 10, the #NDX went on to exceed the September high within the next 2 months in 10 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #NDX should exceed 1440.80(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 1557.66(Average Objective).

NASDAQ Composite Index
The #COMPX(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1838.10(Prev Close), the market ended September at (Month Close), that being 53%(Pct Range) off of 1840.90(Month Low) to 1925.80(Month High).

In comparing the August/September closes for each of the last 9 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 1925.80(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 2079.63(Average Objective).

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1524.90(Prev Close), the market ended September at (Month Close), that being 77%(Pct Range) off of 1524.00(Month Low) to 1591.60(Month High).

In comparing the August/September closes for each of the last 21 years(Total Years), Scenario found that the Value Line Index also closed higher in September than August in 8(Cond Years) of those years. Of those 8, the #VLE went on to exceed the September high within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #VLE should exceed 1591.60(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 1649.63(Average Objective).

Nikkei 225 Index
The #SSNI(Mkt) ended Lower(Cond) for September(Month). Compared to August's 11082(Prev Close), the market ended September at (Month Close), that being 8%(Pct Range) off of 10738(Month Low) to 11358(Month High).

In comparing the August/September closes for each of the last 22 years(Total Years), Scenario found that the Nikkei 225 Index also closed lower in September than August in 15(Cond Years) of those years. Of those 15, the #SSNI went on to penetrate the September 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 the #SSNI should penetrate 10738(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 9804(Average Objective).

S & P 500 Stock Index
The #SP(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1104.25(Prev Close), the market ended September at (Month Close), that being 47%(Pct Range) off of 1099.20(Month Low) to 1131.55(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in September than August in 16(Cond Years) of those years. Of those 16, the #SP 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 #SP should exceed 1131.55(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 1198.03(Average Objective).

December S & P 500(CME)
The SPZ4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1104.40(Prev Close), the market ended September at (Month Close), that being 43%(Pct Range) off of 1101.60(Month Low) to 1132.30(Month High).

In comparing the August/September closes for each of the last 22 years(Total Years), Scenario found that the December S & P 500(CME) also closed higher in September than August in 7(Cond Years) of those years. Of those 7, SPZ 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 SPZ should exceed 1132.30(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 1187.21(Average Objective).

December NASDAQ 100(CME)
The NDZ4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1375.00(Prev Close), the market ended September at (Month Close), that being 61%(Pct Range) off of 1370.50(Month Low) to 1447.00(Month High).

In comparing the August/September closes for each of the last 8 years(Total Years), Scenario found that the December NASDAQ 100(CME) also closed higher in September than August in 4(Cond Years) of those years. Of those 4, NDZ went on to exceed the September 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 NDZ should exceed 1447.00(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 1628.91(Average Objective).

December 30-Year T-Bonds(CBOT)
The USZ4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 111~10(Prev Close), the market ended September at (Month Close), that being 62%(Pct Range) off of 109~05(Month Low) to 114~03(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the December 30-Year T-Bonds(CBOT) also closed higher in September than August in 15(Cond Years) of those years. Of those 15, USZ 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 USZ should exceed 114~03(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 118~23(Average Objective).

December 10-Year T-Notes(CBOT)
The TYZ4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 112~100(Prev Close), the market ended September at (Month Close), that being 57%(Pct Range) off of 111~025(Month Low) to 113~255(Month High).

In comparing the August/September closes for each of the last 22 years(Total Years), Scenario found that the December 10-Year T-Notes(CBOT) also closed higher in September than August in 18(Cond Years) of those years. Of those 18, TYZ 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 TYZ should exceed 113~255(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 116~218(Average Objective).

December Japanese Yen(CME)
The JYZ4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 91.99(Prev Close), the market ended September at (Month Close), that being 59%(Pct Range) off of 89.97(Month Low) to 92.17(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the December Japanese Yen(CME) also closed lower in September than August in 12(Cond Years) of those years. Of those 12, JYZ went on to penetrate the September low within the next 2 months in 12 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the JYZ should penetrate 89.97(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 86.87(Average Objective).

December Australian Dollar(CME)
The ADZ4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 69.64(Prev Close), the market ended September at (Month Close), that being 100%(Pct Range) off of 67.97(Month Low) to 72.34(Month High).

In comparing the August/September closes for each of the last 17 years(Total Years), Scenario found that the December Australian Dollar(CME) also closed higher in September than August in 8(Cond Years) of those years. Of those 8, ADZ went on to exceed the September high within the next 2 months in 8 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the ADZ should exceed 72.34(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 74.27(Average Objective).

December US Dollar Index(NYBOT)
The DXZ4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 89.22(Prev Close), the market ended September at (Month Close), that being 1%(Pct Range) off of 87.49(Month Low) to 90.05(Month High).

In comparing the August/September closes for each of the last 18 years(Total Years), Scenario found that the December US Dollar Index(NYBOT) also closed lower in September than August in 12(Cond Years) of those years. Of those 12, DXZ 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 DXZ should penetrate 87.49(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 84.56(Average Objective).

March Crude Oil(NYM)
The CLH5(Mkt) ended Higher(Cond) for September(Month). Compared to August's 40.69(Prev Close), the market ended September at (Month Close), that being 96%(Pct Range) off of 40.80(Month Low) to 47.60(Month High).

In comparing the August/September closes for each of the last 21 years(Total Years), Scenario found that the March Crude Oil(NYM) also closed higher in September than August in 14(Cond Years) of those years. Of those 14, CLH 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 CLH should exceed 47.60(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 49.96(Average Objective).

January Unleaded Gas(NYM)
The HUF5(Mkt) ended Higher(Cond) for September(Month). Compared to August's 112.79(Prev Close), the market ended September at (Month Close), that being 87%(Pct Range) off of 114.09(Month Low) to 133.00(Month High).

In comparing the August/September closes for each of the last 19 years(Total Years), Scenario found that the January Unleaded Gas(NYM) also closed higher in September than August in 12(Cond Years) of those years. Of those 12, HUF went on to exceed the September high within the next 2 months in 12 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the HUF should exceed 133.00(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 139.27(Average Objective).

March Unleaded Gas(NYM)
The HUH5(Mkt) ended Higher(Cond) for September(Month). Compared to August's 114.19(Prev Close), the market ended September at (Month Close), that being 94%(Pct Range) off of 115.19(Month Low) to 132.10(Month High).

In comparing the August/September closes for each of the last 18 years(Total Years), Scenario found that the March Unleaded Gas(NYM) also closed higher in September than August in 11(Cond Years) of those years. Of those 11, HUH 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 HUH should exceed 132.10(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 137.89(Average Objective).

January Soybeans(CBOT)
The SF5(Mkt) ended Lower(Cond) for September(Month). Compared to August's 633.00(Prev Close), the market ended September at (Month Close), that being 3%(Pct Range) off of 530.50(Month Low) to 656.00(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the January Soybeans(CBOT) also closed lower in September than August in 24(Cond Years) of those years. Of those 24, SF went on to penetrate the September 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 SF should penetrate 530.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 501.27(Average Objective).

March Soybeans(CBOT)
The SH5(Mkt) ended Lower(Cond) for September(Month). Compared to August's 638.50(Prev Close), the market ended September at (Month Close), that being 1%(Pct Range) off of 539.00(Month Low) to 662.00(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Soybeans(CBOT) also closed lower in September than August in 22(Cond Years) of those years. Of those 22, SH went on to penetrate the September 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 SH should penetrate 539.00(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 511.08(Average Objective).

May Soybeans(CBOT)
The SK5(Mkt) ended Lower(Cond) for September(Month). Compared to August's 639.75(Prev Close), the market ended September at (Month Close), that being 2%(Pct Range) off of 546.00(Month Low) to 658.00(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Soybeans(CBOT) also closed lower in September than August in 22(Cond Years) of those years. Of those 22, SK went on to penetrate the September 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 SK should penetrate 546.00(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 518.48(Average Objective).

December Soybean Oil(CBOT)
The BOZ4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 25.20(Prev Close), the market ended September at (Month Close), that being 4%(Pct Range) off of 20.50(Month Low) to 26.10(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the December Soybean Oil(CBOT) also closed lower in September than August in 24(Cond Years) of those years. Of those 24, BOZ went on to penetrate the September 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 20.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 19.10(Average Objective).

March Soybean Oil(CBOT)
The BOH5(Mkt) ended Lower(Cond) for September(Month). Compared to August's 24.87(Prev Close), the market ended September at (Month Close), that being 3%(Pct Range) off of 20.66(Month Low) to 25.60(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Soybean Oil(CBOT) also closed lower in September than August in 24(Cond Years) of those years. Of those 24, BOH went on to penetrate the September 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 BOH should penetrate 20.66(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 19.25(Average Objective).

May Soybean Oil(CBOT)
The BOK5(Mkt) ended Lower(Cond) for September(Month). Compared to August's 24.75(Prev Close), the market ended September at (Month Close), that being 1%(Pct Range) off of 20.73(Month Low) to 25.40(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Soybean Oil(CBOT) also closed lower in September than August in 25(Cond Years) of those years. Of those 25, BOK went on to penetrate the September 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 BOK should penetrate 20.73(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 19.23(Average Objective).

December Soybean Meal(CBOT)
The SMZ4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 181.20(Prev Close), the market ended September at (Month Close), that being 2%(Pct Range) off of 159.00(Month Low) to 190.00(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the December Soybean Meal(CBOT) also closed lower in September than August in 25(Cond Years) of those years. Of those 25, SMZ went on to penetrate the September 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 SMZ should penetrate 159.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 150.71(Average Objective).

March Soybean Meal(CBOT)
The SMH5(Mkt) ended Lower(Cond) for September(Month). Compared to August's 185.90(Prev Close), the market ended September at (Month Close), that being 0%(Pct Range) off of 164.00(Month Low) to 192.50(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Soybean Meal(CBOT) also closed lower in September than August in 26(Cond Years) of those years. Of those 26, SMH went on to penetrate the September low within the next 2 months in 22 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the SMH should penetrate 164.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 155.92(Average Objective).

December Oats(CBOT)
The OZ4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 152.00(Prev Close), the market ended September at (Month Close), that being 12%(Pct Range) off of 140.50(Month Low) to 172.50(Month High).

In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the December Oats(CBOT) also closed lower in September than August in 13(Cond Years) of those years. Of those 13, OZ 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 OZ should penetrate 140.50(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 130.74(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 30 years(Total Years), Scenario found that the May Oats(CBOT) also closed higher in September than August in 17(Cond Years) of those years. Of those 17, OK 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 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).

December Live Cattle(CME)
The LCZ4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 87.450(Prev Close), the market ended September at (Month Close), that being 46%(Pct Range) off of 85.350(Month Low) to 89.550(Month High).

In comparing the August/September closes for each of the last 39 years(Total Years), Scenario found that the December Live Cattle(CME) also closed lower in September than August in 15(Cond Years) of those years. Of those 15, LCZ went on to penetrate the September 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 LCZ should penetrate 85.350(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 81.469(Average Objective).

February Live Cattle(CME)
The LCG5(Mkt) ended Higher(Cond) for September(Month). Compared to August's 88.150(Prev Close), the market ended September at (Month Close), that being 68%(Pct Range) off of 86.200(Month Low) to 90.200(Month High).

In comparing the August/September closes for each of the last 39 years(Total Years), Scenario found that the February Live Cattle(CME) also closed higher in September than August in 22(Cond Years) of those years. Of those 22, LCG went on to exceed the September high within the next 2 months in 21 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the LCG should exceed 90.200(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 93.994(Average Objective).

January Feeder Cattle(CME)
The FCF5(Mkt) ended Higher(Cond) for September(Month). Compared to August's 104.450(Prev Close), the market ended September at (Month Close), that being 81%(Pct Range) off of 102.000(Month Low) to 107.400(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the January Feeder Cattle(CME) also closed higher in September than August in 16(Cond Years) of those years. Of those 16, FCF 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 FCF should exceed 107.400(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 112.026(Average Objective).

December Lean Hogs(CME)
The LEZ4(Mkt) ended Higher(Cond) for September(Month). Compared to August's 63.725(Prev Close), the market ended September at (Month Close), that being 73%(Pct Range) off of 61.900(Month Low) to 71.800(Month High).

In comparing the August/September closes for each of the last 35 years(Total Years), Scenario found that the December Lean Hogs(CME) also closed higher in September than August in 22(Cond Years) of those years. Of those 22, LEZ went on to exceed the September high within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the LEZ should exceed 71.800(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 77.093(Average Objective).

February Pork Bellies(CME)
The PBG5(Mkt) ended Higher(Cond) for September(Month). Compared to August's 92.425(Prev Close), the market ended September at (Month Close), that being 42%(Pct Range) off of 92.200(Month Low) to 104.500(Month High).

In comparing the August/September closes for each of the last 39 years(Total Years), Scenario found that the February Pork Bellies(CME) also closed higher in September than August in 22(Cond Years) of those years. Of those 22, PBG 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 PBG should exceed 104.500(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 115.560(Average Objective).

March Sugar #11(NYBOT)
The SBH5(Mkt) ended Higher(Cond) for September(Month). Compared to August's 8.57(Prev Close), the market ended September at (Month Close), that being 96%(Pct Range) off of 8.18(Month Low) to 9.10(Month High).

In comparing the August/September closes for each of the last 43 years(Total Years), Scenario found that the March Sugar #11(NYBOT) also closed higher in September than August in 19(Cond Years) of those years. Of those 19, SBH 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 SBH should exceed 9.10(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 10.71(Average Objective).

December Cocoa(NYBOT)
The CCZ4(Mkt) ended Lower(Cond) for September(Month). Compared to August's 1686(Prev Close), the market ended September at (Month Close), that being 11%(Pct Range) off of 1431(Month Low) to 1639(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the December Cocoa(NYBOT) also closed lower in September than August in 19(Cond Years) of those years. Of those 19, CCZ went on to penetrate the September low within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the CCZ should penetrate 1431(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 1322(Average Objective).

March Cotton(NYBOT)
The CTH5(Mkt) ended Lower(Cond) for September(Month). Compared to August's 55.50(Prev Close), the market ended September at (Month Close), that being 6%(Pct Range) off of 48.05(Month Low) to 56.50(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the March Cotton(NYBOT) also closed lower in September than August in 26(Cond Years) of those years. Of those 26, CTH went on to penetrate the September low within the next 2 months in 23 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the CTH should penetrate 48.05(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 45.64(Average Objective).