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MRCI's Scenario Summary

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MRCI's ScenarioSM Summary

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved.
ScenarioSM Summary Jun 30, 2012
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 12393.00 12899.00 12035.00 12880.00 98% 45 20 17 85% 12899.00 13525.55 12880.00
#UTIL Higher Jun 468.04 486.39 463.71 481.36 78% 42 22 19 86% 486.39 507.94 481.36
SFU2 Higher Jun 103.22 109.02 102.80 105.61 45% 37 19 17 89% 109.02 115.55 105.61
SFZ2 Higher Jun 103.50 107.30 103.50 105.89 63% 37 18 16 89% 107.30 114.11 105.89
BPU2 Higher Jun 154.04 157.73 152.66 156.77 81% 37 21 18 86% 157.73 163.69 156.77
BPZ2 Higher Jun 153.99 157.43 153.45 156.73 82% 37 21 19 90% 157.43 163.23 156.73
ADU2 Higher Jun 96.56 101.85 94.99 101.69 98% 25 14 12 86% 101.85 105.38 101.69
DXU2 Lower Jun 83.525 84.000 81.390 81.752 14% 26 14 13 93% 81.390 78.623 81.752
DXZ2 Lower Jun 83.935 83.752 81.745 82.132 19% 26 14 13 93% 81.745 79.041 82.132
PLV2 Higher Jun 1422.0 1508.7 1385.3 1452.4 54% 44 16 14 88% 1508.7 1637.2 1452.4
PLF3 Higher Jun 1425.4 1506.5 1391.0 1456.2 56% 42 13 12 92% 1506.5 1631.4 1456.2
HGU2 Higher Jun 337.35 351.50 324.95 349.65 93% 45 22 21 95% 351.50 383.55 349.65
HGZ2 Higher Jun 338.25 352.25 326.25 350.65 94% 44 22 21 95% 352.25 385.66 350.65
HGH3 Higher Jun 339.00 351.65 329.00 351.40 99% 43 19 18 95% 351.65 381.81 351.40
HOU2 Lower Jun 272.49 274.62 251.56 271.16 85% 32 16 14 88% 251.56 233.84 271.16
SU2 Higher Jun 1293.75 1455.00 1272.00 1450.25 97% 45 21 18 86% 1455.00 1647.43 1450.25
SX2 Higher Jun 1270.25 1439.75 1244.75 1427.75 94% 45 20 17 85% 1439.75 1625.54 1427.75
SF3 Higher Jun 1273.25 1437.25 1249.50 1426.50 94% 45 20 17 85% 1437.25 1618.98 1426.50
SH3 Higher Jun 1253.25 1395.25 1232.75 1387.25 95% 45 20 17 85% 1395.25 1564.80 1387.25
LCV2 Higher Jun 123.700 125.800 119.650 124.400 77% 45 23 22 96% 125.800 133.490 124.400
LCZ2 Higher Jun 126.500 129.100 122.930 127.400 72% 45 24 22 92% 129.100 136.427 127.400
LCG3 Higher Jun 128.235 130.885 125.385 129.450 74% 45 27 25 93% 130.885 137.603 129.450
JOF3 Higher Jun 117.00 121.75 110.00 121.00 94% 44 16 14 88% 121.75 130.90 121.00
SBV2 Higher Jun 19.78 21.39 19.24 21.01 82% 45 23 20 87% 21.39 24.29 21.01
SBH3 Higher Jun 20.75 21.87 20.25 21.50 77% 45 24 21 88% 21.87 24.57 21.50
CCZ2 Higher Jun 2104 2321 2050 2304 94% 45 22 19 86% 2321 2576 2304
LBU2 Lower Jun 279.0 286.9 256.5 271.6 50% 39 20 17 85% 256.5 225.8 271.6
CTV2 Lower Jun 71.85 75.00 65.00 71.57 66% 45 21 18 86% 65.00 57.89 71.57


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for June(Month). Compared to May's 12393.00(Prev Close), the market ended June at 12880.00(Month Close), that being 98%(Pct Range) off of 12035.00(Month Low) to 12899.00(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 20(Cond Years) of those years. Of those 20, the #DJ went on to exceed the June high within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the the #DJ should exceed 12899.00(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 13525.55(Average Objective).

Dow Jones Utilities
The #UTIL(Mkt) ended Higher(Cond) for June(Month). Compared to May's 468.04(Prev Close), the market ended June at 481.36(Month Close), that being 78%(Pct Range) off of 463.71(Month Low) to 486.39(Month High).

In comparing the May/June closes for each of the last 42 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in June than May in 22(Cond Years) of those years. Of those 22, the #UTIL went on to exceed the June 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 the #UTIL should exceed 486.39(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 507.94(Average Objective).

September Swiss Franc(CME)
The SFU2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 103.22(Prev Close), the market ended June at 105.61(Month Close), that being 45%(Pct Range) off of 102.80(Month Low) to 109.02(Month High).

In comparing the May/June closes for each of the last 37 years(Total Years), Scenario found that the September Swiss Franc(CME) also closed higher in June than May in 19(Cond Years) of those years. Of those 19, SFU went on to exceed the June 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 SFU should exceed 109.02(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 115.55(Average Objective).

December Swiss Franc(CME)
The SFZ2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 103.50(Prev Close), the market ended June at 105.89(Month Close), that being 63%(Pct Range) off of 103.50(Month Low) to 107.30(Month High).

In comparing the May/June closes for each of the last 37 years(Total Years), Scenario found that the December Swiss Franc(CME) also closed higher in June than May in 18(Cond Years) of those years. Of those 18, SFZ 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 SFZ should exceed 107.30(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 114.11(Average Objective).

September British Pound(CME)
The BPU2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 154.04(Prev Close), the market ended June at 156.77(Month Close), that being 81%(Pct Range) off of 152.66(Month Low) to 157.73(Month High).

In comparing the May/June closes for each of the last 37 years(Total Years), Scenario found that the September British Pound(CME) also closed higher in June than May in 21(Cond Years) of those years. Of those 21, BPU 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 BPU should exceed 157.73(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 163.69(Average Objective).

December British Pound(CME)
The BPZ2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 153.99(Prev Close), the market ended June at 156.73(Month Close), that being 82%(Pct Range) off of 153.45(Month Low) to 157.43(Month High).

In comparing the May/June closes for each of the last 37 years(Total Years), Scenario found that the December British Pound(CME) also closed higher in June than May in 21(Cond Years) of those years. Of those 21, BPZ went on to exceed the June high within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the BPZ should exceed 157.43(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 163.23(Average Objective).

September Australian Dollar(CME)
The ADU2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 96.56(Prev Close), the market ended June at 101.69(Month Close), that being 98%(Pct Range) off of 94.99(Month Low) to 101.85(Month High).

In comparing the May/June closes for each of the last 25 years(Total Years), Scenario found that the September Australian Dollar(CME) also closed higher in June than May in 14(Cond Years) of those years. Of those 14, ADU 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 ADU should exceed 101.85(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 105.38(Average Objective).

September US Dollar Index(ICE)
The DXU2(Mkt) ended Lower(Cond) for June(Month). Compared to May's 83.525(Prev Close), the market ended June at 81.752(Month Close), that being 14%(Pct Range) off of 81.390(Month Low) to 84.000(Month High).

In comparing the May/June closes for each of the last 26 years(Total Years), Scenario found that the September US Dollar Index(ICE) also closed lower in June than May in 14(Cond Years) of those years. Of those 14, DXU 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 DXU should penetrate 81.390(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 78.623(Average Objective).

December US Dollar Index(ICE)
The DXZ2(Mkt) ended Lower(Cond) for June(Month). Compared to May's 83.935(Prev Close), the market ended June at 82.132(Month Close), that being 19%(Pct Range) off of 81.745(Month Low) to 83.752(Month High).

In comparing the May/June closes for each of the last 26 years(Total Years), Scenario found that the December US Dollar Index(ICE) also closed lower in June than May in 14(Cond Years) of those years. Of those 14, DXZ 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 DXZ should penetrate 81.745(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 79.041(Average Objective).

October Platinum(NYMEX)
The PLV2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1422.0(Prev Close), the market ended June at 1452.4(Month Close), that being 54%(Pct Range) off of 1385.3(Month Low) to 1508.7(Month High).

In comparing the May/June closes for each of the last 44 years(Total Years), Scenario found that the October Platinum(NYMEX) also closed higher in June than May in 16(Cond Years) of those years. Of those 16, PLV went on to exceed the June 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 PLV should exceed 1508.7(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 1637.2(Average Objective).

January Platinum(NYMEX)
The PLF3(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1425.4(Prev Close), the market ended June at 1456.2(Month Close), that being 56%(Pct Range) off of 1391.0(Month Low) to 1506.5(Month High).

In comparing the May/June closes for each of the last 42 years(Total Years), Scenario found that the January Platinum(NYMEX) also closed higher in June than May in 13(Cond Years) of those years. Of those 13, PLF went on to exceed the June high within the next 2 months in 12 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the PLF should exceed 1506.5(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 1631.4(Average Objective).

September Copper(CMX)
The HGU2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 337.35(Prev Close), the market ended June at 349.65(Month Close), that being 93%(Pct Range) off of 324.95(Month Low) to 351.50(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the September Copper(CMX) also closed higher in June than May in 22(Cond Years) of those years. Of those 22, HGU went on to exceed the June 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 HGU should exceed 351.50(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 383.55(Average Objective).

December Copper(CMX)
The HGZ2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 338.25(Prev Close), the market ended June at 350.65(Month Close), that being 94%(Pct Range) off of 326.25(Month Low) to 352.25(Month High).

In comparing the May/June closes for each of the last 44 years(Total Years), Scenario found that the December Copper(CMX) also closed higher in June than May in 22(Cond Years) of those years. Of those 22, HGZ went on to exceed the June 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 HGZ should exceed 352.25(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 385.66(Average Objective).

March Copper(CMX)
The HGH3(Mkt) ended Higher(Cond) for June(Month). Compared to May's 339.00(Prev Close), the market ended June at 351.40(Month Close), that being 99%(Pct Range) off of 329.00(Month Low) to 351.65(Month High).

In comparing the May/June closes for each of the last 43 years(Total Years), Scenario found that the March Copper(CMX) also closed higher in June than May in 19(Cond Years) of those years. Of those 19, HGH 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 HGH should exceed 351.65(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 381.81(Average Objective).

September Heating Oil(NYM)
The HOU2(Mkt) ended Lower(Cond) for June(Month). Compared to May's 272.49(Prev Close), the market ended June at 271.16(Month Close), that being 85%(Pct Range) off of 251.56(Month Low) to 274.62(Month High).

In comparing the May/June closes for each of the last 32 years(Total Years), Scenario found that the September Heating Oil(NYM) also closed lower in June than May in 16(Cond Years) of those years. Of those 16, HOU went on to penetrate the June 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 HOU should penetrate 251.56(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 233.84(Average Objective).

September Soybeans(CBOT)
The SU2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1293.75(Prev Close), the market ended June at 1450.25(Month Close), that being 97%(Pct Range) off of 1272.00(Month Low) to 1455.00(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the September Soybeans(CBOT) also closed higher in June than May in 21(Cond Years) of those years. Of those 21, SU 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 SU should exceed 1455.00(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 1647.43(Average Objective).

November Soybeans(CBOT)
The SX2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1270.25(Prev Close), the market ended June at 1427.75(Month Close), that being 94%(Pct Range) off of 1244.75(Month Low) to 1439.75(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the November Soybeans(CBOT) also closed higher in June than May in 20(Cond Years) of those years. Of those 20, SX went on to exceed the June high within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the SX should exceed 1439.75(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 1625.54(Average Objective).

January Soybeans(CBOT)
The SF3(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1273.25(Prev Close), the market ended June at 1426.50(Month Close), that being 94%(Pct Range) off of 1249.50(Month Low) to 1437.25(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the January Soybeans(CBOT) also closed higher in June than May in 20(Cond Years) of those years. Of those 20, SF went on to exceed the June high within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the SF should exceed 1437.25(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 1618.98(Average Objective).

March Soybeans(CBOT)
The SH3(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1253.25(Prev Close), the market ended June at 1387.25(Month Close), that being 95%(Pct Range) off of 1232.75(Month Low) to 1395.25(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the March Soybeans(CBOT) also closed higher in June than May in 20(Cond Years) of those years. Of those 20, SH went on to exceed the June high within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the SH should exceed 1395.25(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 1564.80(Average Objective).

October Live Cattle(CME)
The LCV2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 123.700(Prev Close), the market ended June at 124.400(Month Close), that being 77%(Pct Range) off of 119.650(Month Low) to 125.800(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the October Live Cattle(CME) also closed higher in June than May in 23(Cond Years) of those years. Of those 23, LCV went on to exceed the June high within the next 2 months in 22 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the LCV should exceed 125.800(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 133.490(Average Objective).

December Live Cattle(CME)
The LCZ2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 126.500(Prev Close), the market ended June at 127.400(Month Close), that being 72%(Pct Range) off of 122.930(Month Low) to 129.100(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the December Live Cattle(CME) also closed higher in June than May in 24(Cond Years) of those years. Of those 24, LCZ went on to exceed the June high within the next 2 months in 22 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the LCZ should exceed 129.100(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 136.427(Average Objective).

February Live Cattle(CME)
The LCG3(Mkt) ended Higher(Cond) for June(Month). Compared to May's 128.235(Prev Close), the market ended June at 129.450(Month Close), that being 74%(Pct Range) off of 125.385(Month Low) to 130.885(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the February Live Cattle(CME) also closed higher in June than May in 27(Cond Years) of those years. Of those 27, LCG went on to exceed the June high within the next 2 months in 25 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the LCG should exceed 130.885(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 137.603(Average Objective).

January Orange Juice(ICE)
The JOF3(Mkt) ended Higher(Cond) for June(Month). Compared to May's 117.00(Prev Close), the market ended June at 121.00(Month Close), that being 94%(Pct Range) off of 110.00(Month Low) to 121.75(Month High).

In comparing the May/June closes for each of the last 44 years(Total Years), Scenario found that the January Orange Juice(ICE) also closed higher in June than May in 16(Cond Years) of those years. Of those 16, JOF went on to exceed the June 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 JOF should exceed 121.75(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 130.90(Average Objective).

October Sugar #11(ICE)
The SBV2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 19.78(Prev Close), the market ended June at 21.01(Month Close), that being 82%(Pct Range) off of 19.24(Month Low) to 21.39(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the October Sugar #11(ICE) also closed higher in June than May in 23(Cond Years) of those years. Of those 23, SBV went on to exceed the June high within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the SBV should exceed 21.39(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 24.29(Average Objective).

March Sugar #11(ICE)
The SBH3(Mkt) ended Higher(Cond) for June(Month). Compared to May's 20.75(Prev Close), the market ended June at 21.50(Month Close), that being 77%(Pct Range) off of 20.25(Month Low) to 21.87(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the March Sugar #11(ICE) also closed higher in June than May in 24(Cond Years) of those years. Of those 24, SBH went on to exceed the June high within the next 2 months in 21 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the SBH should exceed 21.87(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 24.57(Average Objective).

December Cocoa(ICE)
The CCZ2(Mkt) ended Higher(Cond) for June(Month). Compared to May's 2104(Prev Close), the market ended June at 2304(Month Close), that being 94%(Pct Range) off of 2050(Month Low) to 2321(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the December Cocoa(ICE) also closed higher in June than May in 22(Cond Years) of those years. Of those 22, CCZ went on to exceed the June 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 CCZ should exceed 2321(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 2576(Average Objective).

September Lumber(CME)
The LBU2(Mkt) ended Lower(Cond) for June(Month). Compared to May's 279.0(Prev Close), the market ended June at 271.6(Month Close), that being 50%(Pct Range) off of 256.5(Month Low) to 286.9(Month High).

In comparing the May/June closes for each of the last 39 years(Total Years), Scenario found that the September Lumber(CME) also closed lower in June than May in 20(Cond Years) of those years. Of those 20, LBU 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 LBU should penetrate 256.5(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 225.8(Average Objective).

October Cotton(ICE)
The CTV2(Mkt) ended Lower(Cond) for June(Month). Compared to May's 71.85(Prev Close), the market ended June at 71.57(Month Close), that being 66%(Pct Range) off of 65.00(Month Low) to 75.00(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the October Cotton(ICE) also closed lower in June than May in 21(Cond Years) of those years. Of those 21, CTV 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 CTV should penetrate 65.00(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 57.89(Average Objective).
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