 |
| MRCI's ScenarioSM Summary |
|
| ScenarioSM Summary Dec 31, 2015 |
| 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 |
| BPH6 |
Lower |
Dec |
150.62 |
152.42 |
147.26 |
147.34 |
2% |
40 |
17 |
15 |
88% |
147.26 |
140.96 |
147.34 |
| PLJ6 |
Higher |
Dec |
833.7 |
896.6 |
826.9 |
893.2 |
95% |
45 |
22 |
19 |
86% |
896.6 |
1046.1 |
893.2 |
| PAH6 |
Higher |
Dec |
543.20 |
574.50 |
522.55 |
562.00 |
76% |
38 |
22 |
20 |
91% |
574.50 |
694.98 |
562.00 |
| HGH6 |
Higher |
Dec |
204.85 |
214.85 |
202.55 |
213.50 |
89% |
45 |
25 |
23 |
92% |
214.85 |
234.38 |
213.50 |
| HGK6 |
Higher |
Dec |
205.50 |
215.40 |
203.40 |
214.15 |
90% |
45 |
24 |
23 |
96% |
215.40 |
235.11 |
214.15 |
| NGJ6 |
Higher |
Dec |
2.346 |
2.426 |
2.017 |
2.387 |
90% |
25 |
9 |
8 |
89% |
2.426 |
2.866 |
2.387 |
| NGK6 |
Higher |
Dec |
2.391 |
2.466 |
2.087 |
2.424 |
89% |
25 |
9 |
9 |
100% |
2.466 |
2.836 |
2.424 |
| NGM6 |
Higher |
Dec |
2.437 |
2.510 |
2.147 |
2.468 |
88% |
25 |
10 |
9 |
90% |
2.510 |
2.864 |
2.468 |
| KWN6 |
Lower |
Dec |
495.25 |
516.25 |
484.75 |
488.75 |
13% |
39 |
21 |
18 |
86% |
484.75 |
460.62 |
488.75 |
| LCJ6 |
Higher |
Dec |
132.450 |
138.950 |
123.050 |
137.985 |
94% |
45 |
28 |
26 |
93% |
138.950 |
147.007 |
137.985 |
| LCM6 |
Higher |
Dec |
123.780 |
128.450 |
115.480 |
127.800 |
95% |
45 |
29 |
28 |
97% |
128.450 |
134.088 |
127.800 |
| LCQ6 |
Higher |
Dec |
121.585 |
124.085 |
112.800 |
123.680 |
96% |
44 |
30 |
28 |
93% |
124.085 |
129.290 |
123.680 |
| FCH6 |
Higher |
Dec |
160.430 |
163.885 |
141.700 |
163.650 |
99% |
43 |
25 |
23 |
92% |
163.885 |
172.804 |
163.650 |
| FCJ6 |
Higher |
Dec |
161.950 |
164.650 |
142.550 |
163.530 |
95% |
43 |
26 |
24 |
92% |
164.650 |
173.271 |
163.530 |
| FCK6 |
Higher |
Dec |
162.485 |
164.900 |
142.650 |
163.850 |
95% |
44 |
25 |
25 |
100% |
164.900 |
172.616 |
163.850 |
| FCQ6 |
Higher |
Dec |
164.050 |
166.580 |
145.250 |
165.280 |
94% |
41 |
26 |
25 |
96% |
166.580 |
174.496 |
165.280 |
| LEK6 |
Higher |
Dec |
69.000 |
74.500 |
67.680 |
73.650 |
88% |
14 |
3 |
3 |
100% |
74.500 |
77.059 |
73.650 |
| LEM6 |
Higher |
Dec |
73.230 |
78.780 |
71.385 |
78.000 |
89% |
45 |
21 |
20 |
95% |
78.780 |
84.880 |
78.000 |
| LEQ6 |
Higher |
Dec |
73.480 |
77.500 |
71.585 |
76.980 |
91% |
45 |
24 |
23 |
96% |
77.500 |
82.813 |
76.980 |
| SBN6 |
Higher |
Dec |
14.16 |
14.98 |
13.64 |
14.64 |
75% |
45 |
24 |
22 |
92% |
14.98 |
17.11 |
14.64 |
| LBH6 |
Higher |
Dec |
247.0 |
270.0 |
240.3 |
256.1 |
53% |
42 |
26 |
23 |
88% |
270.0 |
296.7 |
256.1 |
| LBK6 |
Higher |
Dec |
252.2 |
269.9 |
244.0 |
255.9 |
46% |
42 |
27 |
25 |
93% |
269.9 |
292.4 |
255.9 |
| LBN6 |
Higher |
Dec |
258.7 |
267.8 |
250.0 |
261.1 |
62% |
41 |
25 |
24 |
96% |
267.8 |
289.3 |
261.1 |
| CTH6 |
Higher |
Dec |
62.64 |
65.23 |
62.73 |
63.28 |
22% |
45 |
31 |
27 |
87% |
65.23 |
70.82 |
63.28 |
| CTK6 |
Higher |
Dec |
63.43 |
65.80 |
63.46 |
64.11 |
28% |
45 |
31 |
27 |
87% |
65.80 |
71.51 |
64.11 |
| CTN6 |
Higher |
Dec |
63.98 |
66.31 |
64.10 |
64.79 |
31% |
45 |
31 |
27 |
87% |
66.31 |
71.99 |
64.79 |
- March British Pound(CME)
- The BPH6(Mkt) ended Lower(Cond) for
December(Month). Compared to November's 150.62(Prev Close), the market ended December at 147.34(Month Close),
that being 2%(Pct Range) off of
147.26(Month Low) to 152.42(Month High).
In comparing the November/December closes for each of the last 40 years(Total Years), Scenario found that the March British Pound(CME) also closed
lower in December than November in 17(Cond Years) of those years.
Of those 17, BPH went on to penetrate the December 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 BPH should penetrate 147.26(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 15 years) a potential move
toward 140.96(Average Objective).
- April Platinum(NYMEX)
- The PLJ6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 833.7(Prev Close), the market ended December at 893.2(Month Close),
that being 95%(Pct Range) off of
826.9(Month Low) to 896.6(Month High).
In comparing the November/December closes for each of the last 45 years(Total Years), Scenario found that the April Platinum(NYMEX) also closed
higher in December than November in 22(Cond Years) of those years.
Of those 22, PLJ went on to exceed the December 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 PLJ should exceed 896.6(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 19 years) a potential move
toward 1046.1(Average Objective).
- March Palladium(NYMEX)
- The PAH6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 543.20(Prev Close), the market ended December at 562.00(Month Close),
that being 76%(Pct Range) off of
522.55(Month Low) to 574.50(Month High).
In comparing the November/December closes for each of the last 38 years(Total Years), Scenario found that the March Palladium(NYMEX) also closed
higher in December than November in 22(Cond Years) of those years.
Of those 22, PAH went on to exceed the December 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 PAH should exceed 574.50(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 20 years) a potential move
toward 694.98(Average Objective).
- March Copper(CMX)
- The HGH6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 204.85(Prev Close), the market ended December at 213.50(Month Close),
that being 89%(Pct Range) off of
202.55(Month Low) to 214.85(Month High).
In comparing the November/December closes for each of the last 45 years(Total Years), Scenario found that the March Copper(CMX) also closed
higher in December than November in 25(Cond Years) of those years.
Of those 25, HGH went on to exceed the December high within the next 2 months in 23 years(Action Years) or 92%(Pct) of the time.
Therefore, the historical odds are high that the HGH should exceed 214.85(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 23 years) a potential move
toward 234.38(Average Objective).
- May Copper(CMX)
- The HGK6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 205.50(Prev Close), the market ended December at 214.15(Month Close),
that being 90%(Pct Range) off of
203.40(Month Low) to 215.40(Month High).
In comparing the November/December closes for each of the last 45 years(Total Years), Scenario found that the May Copper(CMX) also closed
higher in December than November in 24(Cond Years) of those years.
Of those 24, HGK went on to exceed the December high within the next 2 months in 23 years(Action Years) or 96%(Pct) of the time.
Therefore, the historical odds are high that the HGK should exceed 215.40(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 23 years) a potential move
toward 235.11(Average Objective).
- April Natural Gas(NYM)
- The NGJ6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 2.346(Prev Close), the market ended December at 2.387(Month Close),
that being 90%(Pct Range) off of
2.017(Month Low) to 2.426(Month High).
In comparing the November/December closes for each of the last 25 years(Total Years), Scenario found that the April Natural Gas(NYM) also closed
higher in December than November in 9(Cond Years) of those years.
Of those 9, NGJ went on to exceed the December 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 NGJ should exceed 2.426(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 8 years) a potential move
toward 2.866(Average Objective).
- May Natural Gas(NYM)
- The NGK6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 2.391(Prev Close), the market ended December at 2.424(Month Close),
that being 89%(Pct Range) off of
2.087(Month Low) to 2.466(Month High).
In comparing the November/December closes for each of the last 25 years(Total Years), Scenario found that the May Natural Gas(NYM) also closed
higher in December than November in 9(Cond Years) of those years.
Of those 9, NGK went on to exceed the December 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 NGK should exceed 2.466(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 9 years) a potential move
toward 2.836(Average Objective).
- June Natural Gas(NYM)
- The NGM6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 2.437(Prev Close), the market ended December at 2.468(Month Close),
that being 88%(Pct Range) off of
2.147(Month Low) to 2.510(Month High).
In comparing the November/December closes for each of the last 25 years(Total Years), Scenario found that the June Natural Gas(NYM) also closed
higher in December than November in 10(Cond Years) of those years.
Of those 10, NGM went on to exceed the December 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 NGM should exceed 2.510(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 9 years) a potential move
toward 2.864(Average Objective).
- July Wheat(KCBT)
- The KWN6(Mkt) ended Lower(Cond) for
December(Month). Compared to November's 495.25(Prev Close), the market ended December at 488.75(Month Close),
that being 13%(Pct Range) off of
484.75(Month Low) to 516.25(Month High).
In comparing the November/December closes for each of the last 39 years(Total Years), Scenario found that the July Wheat(KCBT) also closed
lower in December than November in 21(Cond Years) of those years.
Of those 21, KWN went on to penetrate the December 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 KWN should penetrate 484.75(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 18 years) a potential move
toward 460.62(Average Objective).
- April Live Cattle(CME)
- The LCJ6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 132.450(Prev Close), the market ended December at 137.985(Month Close),
that being 94%(Pct Range) off of
123.050(Month Low) to 138.950(Month High).
In comparing the November/December closes for each of the last 45 years(Total Years), Scenario found that the April Live Cattle(CME) also closed
higher in December than November in 28(Cond Years) of those years.
Of those 28, LCJ went on to exceed the December high within the next 2 months in 26 years(Action Years) or 93%(Pct) of the time.
Therefore, the historical odds are high that the LCJ should exceed 138.950(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 26 years) a potential move
toward 147.007(Average Objective).
- June Live Cattle(CME)
- The LCM6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 123.780(Prev Close), the market ended December at 127.800(Month Close),
that being 95%(Pct Range) off of
115.480(Month Low) to 128.450(Month High).
In comparing the November/December closes for each of the last 45 years(Total Years), Scenario found that the June Live Cattle(CME) also closed
higher in December than November in 29(Cond Years) of those years.
Of those 29, LCM went on to exceed the December high within the next 2 months in 28 years(Action Years) or 97%(Pct) of the time.
Therefore, the historical odds are high that the LCM should exceed 128.450(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 28 years) a potential move
toward 134.088(Average Objective).
- August Live Cattle(CME)
- The LCQ6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 121.585(Prev Close), the market ended December at 123.680(Month Close),
that being 96%(Pct Range) off of
112.800(Month Low) to 124.085(Month High).
In comparing the November/December closes for each of the last 44 years(Total Years), Scenario found that the August Live Cattle(CME) also closed
higher in December than November in 30(Cond Years) of those years.
Of those 30, LCQ went on to exceed the December high within the next 2 months in 28 years(Action Years) or 93%(Pct) of the time.
Therefore, the historical odds are high that the LCQ should exceed 124.085(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 28 years) a potential move
toward 129.290(Average Objective).
- March Feeder Cattle(CME)
- The FCH6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 160.430(Prev Close), the market ended December at 163.650(Month Close),
that being 99%(Pct Range) off of
141.700(Month Low) to 163.885(Month High).
In comparing the November/December closes for each of the last 43 years(Total Years), Scenario found that the March Feeder Cattle(CME) also closed
higher in December than November in 25(Cond Years) of those years.
Of those 25, FCH went on to exceed the December high within the next 2 months in 23 years(Action Years) or 92%(Pct) of the time.
Therefore, the historical odds are high that the FCH should exceed 163.885(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 23 years) a potential move
toward 172.804(Average Objective).
- April Feeder Cattle(CME)
- The FCJ6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 161.950(Prev Close), the market ended December at 163.530(Month Close),
that being 95%(Pct Range) off of
142.550(Month Low) to 164.650(Month High).
In comparing the November/December closes for each of the last 43 years(Total Years), Scenario found that the April Feeder Cattle(CME) also closed
higher in December than November in 26(Cond Years) of those years.
Of those 26, FCJ went on to exceed the December high within the next 2 months in 24 years(Action Years) or 92%(Pct) of the time.
Therefore, the historical odds are high that the FCJ should exceed 164.650(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 24 years) a potential move
toward 173.271(Average Objective).
- May Feeder Cattle(CME)
- The FCK6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 162.485(Prev Close), the market ended December at 163.850(Month Close),
that being 95%(Pct Range) off of
142.650(Month Low) to 164.900(Month High).
In comparing the November/December closes for each of the last 44 years(Total Years), Scenario found that the May Feeder Cattle(CME) also closed
higher in December than November in 25(Cond Years) of those years.
Of those 25, FCK went on to exceed the December high within the next 2 months in 25 years(Action Years) or 100%(Pct) of the time.
Therefore, the historical odds are high that the FCK should exceed 164.900(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 25 years) a potential move
toward 172.616(Average Objective).
- August Feeder Cattle(CME)
- The FCQ6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 164.050(Prev Close), the market ended December at 165.280(Month Close),
that being 94%(Pct Range) off of
145.250(Month Low) to 166.580(Month High).
In comparing the November/December closes for each of the last 41 years(Total Years), Scenario found that the August Feeder Cattle(CME) also closed
higher in December than November in 26(Cond Years) of those years.
Of those 26, FCQ went on to exceed the December high within the next 2 months in 25 years(Action Years) or 96%(Pct) of the time.
Therefore, the historical odds are high that the FCQ should exceed 166.580(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 25 years) a potential move
toward 174.496(Average Objective).
- May Lean Hogs(CME)
- The LEK6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 69.000(Prev Close), the market ended December at 73.650(Month Close),
that being 88%(Pct Range) off of
67.680(Month Low) to 74.500(Month High).
In comparing the November/December closes for each of the last 14 years(Total Years), Scenario found that the May Lean Hogs(CME) also closed
higher in December than November in 3(Cond Years) of those years.
Of those 3, LEK went on to exceed the December high within the next 2 months in 3 years(Action Years) or 100%(Pct) of the time.
Therefore, the historical odds are high that the LEK should exceed 74.500(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 3 years) a potential move
toward 77.059(Average Objective).
- June Lean Hogs(CME)
- The LEM6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 73.230(Prev Close), the market ended December at 78.000(Month Close),
that being 89%(Pct Range) off of
71.385(Month Low) to 78.780(Month High).
In comparing the November/December closes for each of the last 45 years(Total Years), Scenario found that the June Lean Hogs(CME) also closed
higher in December than November in 21(Cond Years) of those years.
Of those 21, LEM went on to exceed the December 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 LEM should exceed 78.780(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 20 years) a potential move
toward 84.880(Average Objective).
- August Lean Hogs(CME)
- The LEQ6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 73.480(Prev Close), the market ended December at 76.980(Month Close),
that being 91%(Pct Range) off of
71.585(Month Low) to 77.500(Month High).
In comparing the November/December closes for each of the last 45 years(Total Years), Scenario found that the August Lean Hogs(CME) also closed
higher in December than November in 24(Cond Years) of those years.
Of those 24, LEQ went on to exceed the December high within the next 2 months in 23 years(Action Years) or 96%(Pct) of the time.
Therefore, the historical odds are high that the LEQ should exceed 77.500(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 23 years) a potential move
toward 82.813(Average Objective).
- July Sugar #11(ICE)
- The SBN6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 14.16(Prev Close), the market ended December at 14.64(Month Close),
that being 75%(Pct Range) off of
13.64(Month Low) to 14.98(Month High).
In comparing the November/December closes for each of the last 45 years(Total Years), Scenario found that the July Sugar #11(ICE) also closed
higher in December than November in 24(Cond Years) of those years.
Of those 24, SBN went on to exceed the December 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 SBN should exceed 14.98(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 22 years) a potential move
toward 17.11(Average Objective).
- March Lumber(CME)
- The LBH6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 247.0(Prev Close), the market ended December at 256.1(Month Close),
that being 53%(Pct Range) off of
240.3(Month Low) to 270.0(Month High).
In comparing the November/December closes for each of the last 42 years(Total Years), Scenario found that the March Lumber(CME) also closed
higher in December than November in 26(Cond Years) of those years.
Of those 26, LBH went on to exceed the December high within the next 2 months in 23 years(Action Years) or 88%(Pct) of the time.
Therefore, the historical odds are high that the LBH should exceed 270.0(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 23 years) a potential move
toward 296.7(Average Objective).
- May Lumber(CME)
- The LBK6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 252.2(Prev Close), the market ended December at 255.9(Month Close),
that being 46%(Pct Range) off of
244.0(Month Low) to 269.9(Month High).
In comparing the November/December closes for each of the last 42 years(Total Years), Scenario found that the May Lumber(CME) also closed
higher in December than November in 27(Cond Years) of those years.
Of those 27, LBK went on to exceed the December 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 LBK should exceed 269.9(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 25 years) a potential move
toward 292.4(Average Objective).
- July Lumber(CME)
- The LBN6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 258.7(Prev Close), the market ended December at 261.1(Month Close),
that being 62%(Pct Range) off of
250.0(Month Low) to 267.8(Month High).
In comparing the November/December closes for each of the last 41 years(Total Years), Scenario found that the July Lumber(CME) also closed
higher in December than November in 25(Cond Years) of those years.
Of those 25, LBN went on to exceed the December high within the next 2 months in 24 years(Action Years) or 96%(Pct) of the time.
Therefore, the historical odds are high that the LBN should exceed 267.8(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 24 years) a potential move
toward 289.3(Average Objective).
- March Cotton(ICE)
- The CTH6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 62.64(Prev Close), the market ended December at 63.28(Month Close),
that being 22%(Pct Range) off of
62.73(Month Low) to 65.23(Month High).
In comparing the November/December closes for each of the last 45 years(Total Years), Scenario found that the March Cotton(ICE) also closed
higher in December than November in 31(Cond Years) of those years.
Of those 31, CTH went on to exceed the December high within the next 2 months in 27 years(Action Years) or 87%(Pct) of the time.
Therefore, the historical odds are high that the CTH should exceed 65.23(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 27 years) a potential move
toward 70.82(Average Objective).
- May Cotton(ICE)
- The CTK6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 63.43(Prev Close), the market ended December at 64.11(Month Close),
that being 28%(Pct Range) off of
63.46(Month Low) to 65.80(Month High).
In comparing the November/December closes for each of the last 45 years(Total Years), Scenario found that the May Cotton(ICE) also closed
higher in December than November in 31(Cond Years) of those years.
Of those 31, CTK went on to exceed the December high within the next 2 months in 27 years(Action Years) or 87%(Pct) of the time.
Therefore, the historical odds are high that the CTK should exceed 65.80(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 27 years) a potential move
toward 71.51(Average Objective).
- July Cotton(ICE)
- The CTN6(Mkt) ended Higher(Cond) for
December(Month). Compared to November's 63.98(Prev Close), the market ended December at 64.79(Month Close),
that being 31%(Pct Range) off of
64.10(Month Low) to 66.31(Month High).
In comparing the November/December closes for each of the last 45 years(Total Years), Scenario found that the July Cotton(ICE) also closed
higher in December than November in 31(Cond Years) of those years.
Of those 31, CTN went on to exceed the December high within the next 2 months in 27 years(Action Years) or 87%(Pct) of the time.
Therefore, the historical odds are high that the CTN should exceed 66.31(Scenario Objective) by no later than the end of March.
If it does so, Scenario would further project (based on
normalizing those previous 27 years) a potential move
toward 71.99(Average Objective).
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