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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 Jul 31, 2023
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
#UTIL Higher Jul 906.65 958.65 896.60 931.20 56% 45 28 27 96% 958.65 993.08 931.20
#OEX Higher Jul 2074.50 2150.20 2036.35 2142.10 93% 45 26 22 85% 2150.20 2239.70 2142.10
#NQ Higher Jul 15179.00 15932.00 14924.50 15757.00 83% 37 25 21 84% 15932.00 16932.95 15757.00
#QR Higher Jul 1888.75 1994.80 1823.90 1981.55 92% 44 23 21 91% Yes 2108.32 1981.55
#MZ Higher Jul 2622.35 2743.00 2554.95 2728.45 92% 3 3 3 100% 2743.00 2854.10 2728.45
#VLE Higher Jul 9381.00 9820.00 9146.00 9819.00 100% 40 22 21 95% 9820.00 10245.29 9819.00
#SP Higher Jul 4450.50 4607.00 4385.00 4589.00 92% 45 25 23 92% 4607.00 4804.48 4589.00
SFU3 Higher Jul 112.64 117.65 111.93 115.32 59% 45 19 18 95% 117.65 122.02 115.32
DXZ3 Lower Jul 102.263 102.710 98.935 101.285 62% 37 19 16 84% 98.935 96.405 101.285
PAU3 Higher Jul 1222.00 1324.50 1185.00 1275.60 65% 45 28 25 89% 1324.50 1443.96 1275.60
CLV3 Higher Jul 70.72 81.50 69.72 81.32 98% 40 25 22 88% 81.50 88.76 81.32
CLX3 Higher Jul 70.58 81.01 69.53 80.84 99% 40 25 23 92% 81.01 88.39 80.84
CLZ3 Higher Jul 70.40 80.51 69.32 80.35 99% 40 25 23 92% 80.51 87.56 80.35
HOV3 Higher Jul 243.78 297.03 237.21 295.08 97% 43 26 22 85% 297.03 329.07 295.08
HOX3 Higher Jul 243.06 292.10 236.85 290.36 97% 44 26 23 88% 292.10 321.39 290.36
HOZ3 Higher Jul 242.09 286.75 236.21 285.21 97% 44 27 23 85% 286.75 314.13 285.21
RBV3 Higher Jul 221.80 263.51 215.95 262.50 98% 38 23 21 91% 263.51 296.75 262.50
RBX3 Higher Jul 215.62 251.87 210.29 250.89 98% 38 24 22 92% 251.87 276.35 250.89
RBZ3 Higher Jul 211.52 243.24 206.62 242.45 98% 38 24 22 92% 243.24 264.57 242.45
NGV3 Lower Jul 2.847 2.874 2.581 2.741 55% 33 20 17 85% 2.581 2.210 2.741
NGZ3 Lower Jul 3.622 3.695 3.438 3.563 49% 33 17 15 88% 3.438 3.104 3.563
CBX3 Higher Jul 75.12 85.10 74.13 84.95 99% 33 22 21 95% 85.10 94.27 84.95
CBZ3 Higher Jul 74.91 84.61 73.87 84.46 99% 33 22 21 95% 84.61 93.43 84.46
CBF4 Higher Jul 74.66 84.10 73.58 83.97 99% 33 22 21 95% 84.10 92.20 83.97
SF4 Lower Jul 1346.75 1441.00 1322.50 1340.50 15% 45 26 22 85% 1322.50 1237.58 1340.50
LCV3 Lower Jul 179.550 185.750 176.200 179.530 35% 45 15 13 87% 176.200 165.324 179.530
HEV3 Higher Jul 78.380 86.250 77.800 86.000 97% 45 25 22 88% 86.250 92.568 86.000
CCU3 Higher Jul 3353 3602 3260 3548 84% 45 21 18 86% 3602 3912 3548
CCZ3 Higher Jul 3363 3588 3268 3543 86% 45 21 18 86% 3588 3946 3543
CTZ3 Higher Jul 80.37 88.39 78.97 84.72 61% 45 22 19 86% 88.39 95.73 84.72
SBV3 Higher Jul 22.79 25.30 22.78 24.11 53% 45 23 20 87% 25.30 27.42 24.11


Dow Jones Utilities
The #UTIL(Mkt) ended Higher(Cond) for July(Month). Compared to June's 906.65(Prev Close), the market ended July at 931.20(Month Close), that being 56%(Pct Range) off of 896.60(Month Low) to 958.65(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in July than June in 28(Cond Years) of those years. Of those 28, the #UTIL went on to exceed the July high within the next 2 months in 27 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the the #UTIL should exceed 958.65(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 993.08(Average Objective).

S & P 100(OEX)
The #OEX(Mkt) ended Higher(Cond) for July(Month). Compared to June's 2074.50(Prev Close), the market ended July at 2142.10(Month Close), that being 93%(Pct Range) off of 2036.35(Month Low) to 2150.20(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in July than June in 26(Cond Years) of those years. Of those 26, the #OEX went on to exceed the July high within the next 2 months in 22 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the the #OEX should exceed 2150.20(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 2239.70(Average Objective).

NASDAQ 100 Index
The #NQ(Mkt) ended Higher(Cond) for July(Month). Compared to June's 15179.00(Prev Close), the market ended July at 15757.00(Month Close), that being 83%(Pct Range) off of 14924.50(Month Low) to 15932.00(Month High).

In comparing the June/July closes for each of the last 37 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in July than June in 25(Cond Years) of those years. Of those 25, the #NQ went on to exceed the July high within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the the #NQ should exceed 15932.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 16932.95(Average Objective).

Russell 2000 Index
The #QR(Mkt) ended Higher(Cond) for July(Month). Compared to June's 1888.75(Prev Close), the market ended July at 1981.55(Month Close), that being 92%(Pct Range) off of 1823.90(Month Low) to 1994.80(Month High).

In comparing the June/July closes for each of the last 44 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in July than June in 23(Cond Years) of those years. Of those 23, the #QR went on to exceed the July high within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the the #QR should exceed 1994.80(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 2108.32(Average Objective).

S&P MidCap 400 Index
The #MZ(Mkt) ended Higher(Cond) for July(Month). Compared to June's 2622.35(Prev Close), the market ended July at 2728.45(Month Close), that being 92%(Pct Range) off of 2554.95(Month Low) to 2743.00(Month High).

In comparing the June/July closes for each of the last 3 years(Total Years), Scenario found that the S&P MidCap 400 Index also closed higher in July than June in 3(Cond Years) of those years. Of those 3, the #MZ went on to exceed the July 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 the #MZ should exceed 2743.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 3 years) a potential move toward 2854.10(Average Objective).

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for July(Month). Compared to June's 9381.00(Prev Close), the market ended July at 9819.00(Month Close), that being 100%(Pct Range) off of 9146.00(Month Low) to 9820.00(Month High).

In comparing the June/July closes for each of the last 40 years(Total Years), Scenario found that the Value Line Index also closed higher in July than June in 22(Cond Years) of those years. Of those 22, the #VLE went on to exceed the July 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 the #VLE should exceed 9820.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 10245.29(Average Objective).

S & P 500 Stock Index
The #SP(Mkt) ended Higher(Cond) for July(Month). Compared to June's 4450.50(Prev Close), the market ended July at 4589.00(Month Close), that being 92%(Pct Range) off of 4385.00(Month Low) to 4607.00(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in July than June in 25(Cond Years) of those years. Of those 25, the #SP went on to exceed the July 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 the #SP should exceed 4607.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 4804.48(Average Objective).

September Swiss Franc(CME)
The SFU3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 112.64(Prev Close), the market ended July at 115.32(Month Close), that being 59%(Pct Range) off of 111.93(Month Low) to 117.65(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the September Swiss Franc(CME) also closed higher in July than June in 19(Cond Years) of those years. Of those 19, SFU went on to exceed the July 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 SFU should exceed 117.65(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 122.02(Average Objective).

December US Dollar Index(ICE)
The DXZ3(Mkt) ended Lower(Cond) for July(Month). Compared to June's 102.263(Prev Close), the market ended July at 101.285(Month Close), that being 62%(Pct Range) off of 98.935(Month Low) to 102.710(Month High).

In comparing the June/July closes for each of the last 37 years(Total Years), Scenario found that the December US Dollar Index(ICE) also closed lower in July than June in 19(Cond Years) of those years. Of those 19, DXZ went on to penetrate the July 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 DXZ should penetrate 98.935(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 96.405(Average Objective).

September Palladium(NYMEX)
The PAU3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 1222.00(Prev Close), the market ended July at 1275.60(Month Close), that being 65%(Pct Range) off of 1185.00(Month Low) to 1324.50(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the September Palladium(NYMEX) also closed higher in July than June in 28(Cond Years) of those years. Of those 28, PAU went on to exceed the July high within the next 2 months in 25 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the PAU should exceed 1324.50(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 1443.96(Average Objective).

October Crude Oil(NYM)
The CLV3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 70.72(Prev Close), the market ended July at 81.32(Month Close), that being 98%(Pct Range) off of 69.72(Month Low) to 81.50(Month High).

In comparing the June/July closes for each of the last 40 years(Total Years), Scenario found that the October Crude Oil(NYM) also closed higher in July than June in 25(Cond Years) of those years. Of those 25, CLV went on to exceed the July high within the next 2 months in 22 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the CLV should exceed 81.50(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 88.76(Average Objective).

November Crude Oil(NYM)
The CLX3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 70.58(Prev Close), the market ended July at 80.84(Month Close), that being 99%(Pct Range) off of 69.53(Month Low) to 81.01(Month High).

In comparing the June/July closes for each of the last 40 years(Total Years), Scenario found that the November Crude Oil(NYM) also closed higher in July than June in 25(Cond Years) of those years. Of those 25, CLX went on to exceed the July 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 CLX should exceed 81.01(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 88.39(Average Objective).

December Crude Oil(NYM)
The CLZ3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 70.40(Prev Close), the market ended July at 80.35(Month Close), that being 99%(Pct Range) off of 69.32(Month Low) to 80.51(Month High).

In comparing the June/July closes for each of the last 40 years(Total Years), Scenario found that the December Crude Oil(NYM) also closed higher in July than June in 25(Cond Years) of those years. Of those 25, CLZ went on to exceed the July 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 CLZ should exceed 80.51(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 87.56(Average Objective).

October NY Harbor ULSD(NYM)
The HOV3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 243.78(Prev Close), the market ended July at 295.08(Month Close), that being 97%(Pct Range) off of 237.21(Month Low) to 297.03(Month High).

In comparing the June/July closes for each of the last 43 years(Total Years), Scenario found that the October NY Harbor ULSD(NYM) also closed higher in July than June in 26(Cond Years) of those years. Of those 26, HOV went on to exceed the July high within the next 2 months in 22 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the HOV should exceed 297.03(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 329.07(Average Objective).

November NY Harbor ULSD(NYM)
The HOX3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 243.06(Prev Close), the market ended July at 290.36(Month Close), that being 97%(Pct Range) off of 236.85(Month Low) to 292.10(Month High).

In comparing the June/July closes for each of the last 44 years(Total Years), Scenario found that the November NY Harbor ULSD(NYM) also closed higher in July than June in 26(Cond Years) of those years. Of those 26, HOX went on to exceed the July 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 HOX should exceed 292.10(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 321.39(Average Objective).

December NY Harbor ULSD(NYM)
The HOZ3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 242.09(Prev Close), the market ended July at 285.21(Month Close), that being 97%(Pct Range) off of 236.21(Month Low) to 286.75(Month High).

In comparing the June/July closes for each of the last 44 years(Total Years), Scenario found that the December NY Harbor ULSD(NYM) also closed higher in July than June in 27(Cond Years) of those years. Of those 27, HOZ went on to exceed the July high within the next 2 months in 23 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the HOZ should exceed 286.75(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 314.13(Average Objective).

October RBOB Gasoline(NYM)
The RBV3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 221.80(Prev Close), the market ended July at 262.50(Month Close), that being 98%(Pct Range) off of 215.95(Month Low) to 263.51(Month High).

In comparing the June/July closes for each of the last 38 years(Total Years), Scenario found that the October RBOB Gasoline(NYM) also closed higher in July than June in 23(Cond Years) of those years. Of those 23, RBV went on to exceed the July high within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the RBV should exceed 263.51(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 296.75(Average Objective).

November RBOB Gasoline(NYM)
The RBX3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 215.62(Prev Close), the market ended July at 250.89(Month Close), that being 98%(Pct Range) off of 210.29(Month Low) to 251.87(Month High).

In comparing the June/July closes for each of the last 38 years(Total Years), Scenario found that the November RBOB Gasoline(NYM) also closed higher in July than June in 24(Cond Years) of those years. Of those 24, RBX went on to exceed the July 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 RBX should exceed 251.87(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 276.35(Average Objective).

December RBOB Gasoline(NYM)
The RBZ3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 211.52(Prev Close), the market ended July at 242.45(Month Close), that being 98%(Pct Range) off of 206.62(Month Low) to 243.24(Month High).

In comparing the June/July closes for each of the last 38 years(Total Years), Scenario found that the December RBOB Gasoline(NYM) also closed higher in July than June in 24(Cond Years) of those years. Of those 24, RBZ went on to exceed the July 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 RBZ should exceed 243.24(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 264.57(Average Objective).

October Natural Gas(NYM)
The NGV3(Mkt) ended Lower(Cond) for July(Month). Compared to June's 2.847(Prev Close), the market ended July at 2.741(Month Close), that being 55%(Pct Range) off of 2.581(Month Low) to 2.874(Month High).

In comparing the June/July closes for each of the last 33 years(Total Years), Scenario found that the October Natural Gas(NYM) also closed lower in July than June in 20(Cond Years) of those years. Of those 20, NGV went on to penetrate the July 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 NGV should penetrate 2.581(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 2.210(Average Objective).

December Natural Gas(NYM)
The NGZ3(Mkt) ended Lower(Cond) for July(Month). Compared to June's 3.622(Prev Close), the market ended July at 3.563(Month Close), that being 49%(Pct Range) off of 3.438(Month Low) to 3.695(Month High).

In comparing the June/July closes for each of the last 33 years(Total Years), Scenario found that the December Natural Gas(NYM) also closed lower in July than June in 17(Cond Years) of those years. Of those 17, NGZ went on to penetrate the July 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 NGZ should penetrate 3.438(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 3.104(Average Objective).

November Brent Crude Oil(ICE)
The CBX3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 75.12(Prev Close), the market ended July at 84.95(Month Close), that being 99%(Pct Range) off of 74.13(Month Low) to 85.10(Month High).

In comparing the June/July closes for each of the last 33 years(Total Years), Scenario found that the November Brent Crude Oil(ICE) also closed higher in July than June in 22(Cond Years) of those years. Of those 22, CBX went on to exceed the July 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 CBX should exceed 85.10(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 94.27(Average Objective).

December Brent Crude Oil(ICE)
The CBZ3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 74.91(Prev Close), the market ended July at 84.46(Month Close), that being 99%(Pct Range) off of 73.87(Month Low) to 84.61(Month High).

In comparing the June/July closes for each of the last 33 years(Total Years), Scenario found that the December Brent Crude Oil(ICE) also closed higher in July than June in 22(Cond Years) of those years. Of those 22, CBZ went on to exceed the July 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 CBZ should exceed 84.61(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 93.43(Average Objective).

January Brent Crude Oil(ICE)
The CBF4(Mkt) ended Higher(Cond) for July(Month). Compared to June's 74.66(Prev Close), the market ended July at 83.97(Month Close), that being 99%(Pct Range) off of 73.58(Month Low) to 84.10(Month High).

In comparing the June/July closes for each of the last 33 years(Total Years), Scenario found that the January Brent Crude Oil(ICE) also closed higher in July than June in 22(Cond Years) of those years. Of those 22, CBF went on to exceed the July 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 CBF should exceed 84.10(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 92.20(Average Objective).

January Soybeans(CBOT)
The SF4(Mkt) ended Lower(Cond) for July(Month). Compared to June's 1346.75(Prev Close), the market ended July at 1340.50(Month Close), that being 15%(Pct Range) off of 1322.50(Month Low) to 1441.00(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the January Soybeans(CBOT) also closed lower in July than June in 26(Cond Years) of those years. Of those 26, SF went on to penetrate the July 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 SF should penetrate 1322.50(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 1237.58(Average Objective).

October Live Cattle(CME)
The LCV3(Mkt) ended Lower(Cond) for July(Month). Compared to June's 179.550(Prev Close), the market ended July at 179.530(Month Close), that being 35%(Pct Range) off of 176.200(Month Low) to 185.750(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the October Live Cattle(CME) also closed lower in July than June in 15(Cond Years) of those years. Of those 15, LCV went on to penetrate the July 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 LCV should penetrate 176.200(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 165.324(Average Objective).

October Lean Hogs(CME)
The HEV3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 78.380(Prev Close), the market ended July at 86.000(Month Close), that being 97%(Pct Range) off of 77.800(Month Low) to 86.250(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the October Lean Hogs(CME) also closed higher in July than June in 25(Cond Years) of those years. Of those 25, HEV went on to exceed the July high within the next 2 months in 22 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the HEV should exceed 86.250(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 92.568(Average Objective).

September Cocoa(ICE)
The CCU3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 3353(Prev Close), the market ended July at 3548(Month Close), that being 84%(Pct Range) off of 3260(Month Low) to 3602(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the September Cocoa(ICE) also closed higher in July than June in 21(Cond Years) of those years. Of those 21, CCU went on to exceed the July 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 CCU should exceed 3602(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 3912(Average Objective).

December Cocoa(ICE)
The CCZ3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 3363(Prev Close), the market ended July at 3543(Month Close), that being 86%(Pct Range) off of 3268(Month Low) to 3588(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the December Cocoa(ICE) also closed higher in July than June in 21(Cond Years) of those years. Of those 21, CCZ went on to exceed the July 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 CCZ should exceed 3588(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 3946(Average Objective).

December Cotton(ICE)
The CTZ3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 80.37(Prev Close), the market ended July at 84.72(Month Close), that being 61%(Pct Range) off of 78.97(Month Low) to 88.39(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the December Cotton(ICE) also closed higher in July than June in 22(Cond Years) of those years. Of those 22, CTZ went on to exceed the July 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 CTZ should exceed 88.39(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 95.73(Average Objective).

October Sugar #11(ICE)
The SBV3(Mkt) ended Higher(Cond) for July(Month). Compared to June's 22.79(Prev Close), the market ended July at 24.11(Month Close), that being 53%(Pct Range) off of 22.78(Month Low) to 25.30(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the October Sugar #11(ICE) also closed higher in July than June in 23(Cond Years) of those years. Of those 23, SBV went on to exceed the July 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 25.30(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 27.42(Average Objective).
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