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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 Feb 29, 2024
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 Feb 38150.00 39282.00 38040.00 38996.00 77% 45 27 26 96% 39282.00 41288.32 38996.00
#OEX Higher Feb 2288.45 2428.90 2296.15 2413.25 88% 45 25 23 92% 2428.90 2545.84 2413.25
#NQ Higher Feb 753.00 1707.50 791.75 1659.75 95% 38 19 18 95% 1707.50 1834.83 1659.75
#QR Higher Feb 1947.35 2062.80 1921.35 2016.70 67% 45 27 25 93% Yes 2185.61 2016.70
#MZ Higher Feb 2732.20 2896.65 2715.35 2890.65 97% 4 2 2 100% 2896.65 3026.33 2890.65
#VLE Higher Feb 9768.00 10201.00 9694.00 10155.00 91% 41 27 25 93% 10201.00 10740.05 10155.00
#SP Higher Feb 4845.75 5111.00 4853.50 5096.25 94% 45 27 23 85% 5111.00 5367.95 5096.25
YMM4 Higher Feb 38663 39767 38510 39468 76% 25 14 13 93% 39767 41504 39468
USM4 Lower Feb 122~110 124~240 117~110 119~080 26% 45 23 20 87% 117~110 113~100 119~080
TYM4 Lower Feb 112~310 113~290 109~255 110~140 16% 41 21 19 90% 109~255 107~145 110~140
FVM4 Lower Feb 108~266 109~126 106~166 106~290 13% 35 19 17 89% 106~166 104~307 106~290
ADM4 Lower Feb 66.21 66.34 64.68 65.15 28% 37 13 11 85% 64.68 62.33 65.15
EUM4 Lower Feb 109.02 109.58 107.52 108.50 48% 25 15 14 93% 107.52 103.78 108.50
JYM4 Lower Feb 69.77 69.97 67.44 67.81 15% 45 22 19 86% 67.44 64.53 67.81
SFM4 Lower Feb 117.93 118.55 114.07 114.37 7% 45 25 24 96% 114.07 110.07 114.37
DXM4 Higher Feb 102.775 104.490 102.390 103.728 64% 38 20 19 95% 104.490 107.708 103.728
GCM4 Lower Feb 2087.0 2102.5 2016.3 2074.6 68% 45 26 23 88% 2016.3 1896.1 2074.6
CLK4 Higher Feb 75.56 78.83 71.52 77.45 81% 40 24 21 88% 78.83 88.96 77.45
CLM4 Higher Feb 75.35 78.13 71.47 76.81 80% 40 24 21 88% 78.13 87.55 76.81
CLN4 Higher Feb 75.04 77.44 71.33 76.18 79% 40 24 22 92% 77.44 86.03 76.18
RBK4 Higher Feb 246.49 262.19 235.93 257.11 81% 38 20 20 100% 262.19 304.70 257.11
RBM4 Higher Feb 244.19 258.08 233.69 253.86 83% 38 19 19 100% 258.08 296.63 253.86
RBN4 Higher Feb 240.53 253.50 230.34 249.54 83% 38 19 19 100% 253.50 288.82 249.54
CBM4 Higher Feb 79.95 82.44 76.18 81.18 80% 34 21 18 86% 82.44 92.61 81.18
CBN4 Higher Feb 79.58 81.82 75.91 80.53 78% 33 20 19 95% 81.82 91.32 80.53
CBQ4 Higher Feb 79.19 81.30 75.63 79.88 75% 33 20 19 95% 81.30 90.25 79.88
WN4 Lower Feb 610.25 622.25 556.50 579.25 35% 45 26 22 85% 556.50 513.86 579.25
WU4 Lower Feb 621.00 631.25 565.75 586.75 32% 45 25 23 92% 565.75 528.83 586.75
KWN4 Lower Feb 615.50 625.50 550.50 574.25 32% 45 28 26 93% 550.50 513.95 574.25
KWU4 Lower Feb 626.00 635.00 561.00 583.50 30% 45 26 24 92% 561.00 527.69 583.50
LCQ4 Higher Feb 178.930 183.800 178.750 180.700 39% 45 25 21 84% 183.800 192.486 180.700
FCQ4 Lower Feb 266.750 272.200 264.020 266.650 32% 45 19 16 84% 264.020 245.400 266.650
FCU4 Lower Feb 269.050 274.180 265.770 267.520 21% 45 20 18 90% 265.770 249.586 267.520
HEK4 Higher Feb 89.180 91.430 85.100 90.730 89% 22 10 9 90% 91.430 99.604 90.730
HEM4 Higher Feb 97.900 100.930 93.880 100.200 90% 45 23 20 87% 100.930 109.919 100.200
JON4 Higher Feb 345.65 383.70 330.70 353.80 44% 45 17 15 88% 383.70 419.56 353.80
KCN4 Lower Feb 189.90 192.50 176.60 182.70 38% 45 25 21 84% 176.60 160.98 182.70
KCU4 Lower Feb 189.45 192.10 176.55 182.50 38% 45 26 22 85% 176.55 161.15 182.50
CTN4 Higher Feb 87.13 102.68 86.70 97.77 69% 45 24 21 88% 102.68 109.16 97.77
RRN4 Higher Feb 18.19 19.30 18.22 18.35 13% 34 10 10 100% 19.30 21.45 18.35


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for February(Month). Compared to January's 38150.00(Prev Close), the market ended February at 38996.00(Month Close), that being 77%(Pct Range) off of 38040.00(Month Low) to 39282.00(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in February than January in 27(Cond Years) of those years. Of those 27, the #DJ went on to exceed the February high within the next 2 months in 26 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the the #DJ should exceed 39282.00(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 26 years) a potential move toward 41288.32(Average Objective).

S & P 100(OEX)
The #OEX(Mkt) ended Higher(Cond) for February(Month). Compared to January's 2288.45(Prev Close), the market ended February at 2413.25(Month Close), that being 88%(Pct Range) off of 2296.15(Month Low) to 2428.90(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in February than January in 25(Cond Years) of those years. Of those 25, the #OEX went on to exceed the February 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 #OEX should exceed 2428.90(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 2545.84(Average Objective).

NASDAQ 100 Index
The #NQ(Mkt) ended Higher(Cond) for February(Month). Compared to January's 753.00(Prev Close), the market ended February at 1659.75(Month Close), that being 95%(Pct Range) off of 791.75(Month Low) to 1707.50(Month High).

In comparing the January/February closes for each of the last 38 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in February than January in 19(Cond Years) of those years. Of those 19, the #NQ went on to exceed the February 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 the #NQ should exceed 1707.50(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 1834.83(Average Objective).

Russell 2000 Index
The #QR(Mkt) ended Higher(Cond) for February(Month). Compared to January's 1947.35(Prev Close), the market ended February at 2016.70(Month Close), that being 67%(Pct Range) off of 1921.35(Month Low) to 2062.80(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in February than January in 27(Cond Years) of those years. Of those 27, the #QR went on to exceed the February 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 the #QR should exceed 2062.80(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 2185.61(Average Objective).

S&P MidCap 400 Index
The #MZ(Mkt) ended Higher(Cond) for February(Month). Compared to January's 2732.20(Prev Close), the market ended February at 2890.65(Month Close), that being 97%(Pct Range) off of 2715.35(Month Low) to 2896.65(Month High).

In comparing the January/February closes for each of the last 4 years(Total Years), Scenario found that the S&P MidCap 400 Index also closed higher in February than January in 2(Cond Years) of those years. Of those 2, the #MZ went on to exceed the February high within the next 2 months in 2 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #MZ should exceed 2896.65(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 2 years) a potential move toward 3026.33(Average Objective).

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for February(Month). Compared to January's 9768.00(Prev Close), the market ended February at 10155.00(Month Close), that being 91%(Pct Range) off of 9694.00(Month Low) to 10201.00(Month High).

In comparing the January/February closes for each of the last 41 years(Total Years), Scenario found that the Value Line Index also closed higher in February than January in 27(Cond Years) of those years. Of those 27, the #VLE went on to exceed the February 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 the #VLE should exceed 10201.00(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 10740.05(Average Objective).

S & P 500 Stock Index
The #SP(Mkt) ended Higher(Cond) for February(Month). Compared to January's 4845.75(Prev Close), the market ended February at 5096.25(Month Close), that being 94%(Pct Range) off of 4853.50(Month Low) to 5111.00(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in February than January in 27(Cond Years) of those years. Of those 27, the #SP went on to exceed the February 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 the #SP should exceed 5111.00(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 5367.95(Average Objective).

June E-mini DJIA Index(CBOT)
The YMM4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 38663(Prev Close), the market ended February at 39468(Month Close), that being 76%(Pct Range) off of 38510(Month Low) to 39767(Month High).

In comparing the January/February closes for each of the last 25 years(Total Years), Scenario found that the June E-mini DJIA Index(CBOT) also closed higher in February than January in 14(Cond Years) of those years. Of those 14, YMM went on to exceed the February high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the YMM should exceed 39767(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 41504(Average Objective).

June 30-Year T-Bonds(CBOT)
The USM4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 122~110(Prev Close), the market ended February at 119~080(Month Close), that being 26%(Pct Range) off of 117~110(Month Low) to 124~240(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the June 30-Year T-Bonds(CBOT) also closed lower in February than January in 23(Cond Years) of those years. Of those 23, USM went on to penetrate the February low within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the USM should penetrate 117~110(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 113~100(Average Objective).

June 10-Year T-Notes(CBOT)
The TYM4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 112~310(Prev Close), the market ended February at 110~140(Month Close), that being 16%(Pct Range) off of 109~255(Month Low) to 113~290(Month High).

In comparing the January/February closes for each of the last 41 years(Total Years), Scenario found that the June 10-Year T-Notes(CBOT) also closed lower in February than January in 21(Cond Years) of those years. Of those 21, TYM went on to penetrate the February low within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the TYM should penetrate 109~255(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 107~145(Average Objective).

June 5-Year T-Notes(CBOT)
The FVM4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 108~266(Prev Close), the market ended February at 106~290(Month Close), that being 13%(Pct Range) off of 106~166(Month Low) to 109~126(Month High).

In comparing the January/February closes for each of the last 35 years(Total Years), Scenario found that the June 5-Year T-Notes(CBOT) also closed lower in February than January in 19(Cond Years) of those years. Of those 19, FVM went on to penetrate the February low within the next 2 months in 17 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the FVM should penetrate 106~166(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 104~307(Average Objective).

June Australian Dollar(CME)
The ADM4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 66.21(Prev Close), the market ended February at 65.15(Month Close), that being 28%(Pct Range) off of 64.68(Month Low) to 66.34(Month High).

In comparing the January/February closes for each of the last 37 years(Total Years), Scenario found that the June Australian Dollar(CME) also closed lower in February than January in 13(Cond Years) of those years. Of those 13, ADM went on to penetrate the February low within the next 2 months in 11 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the ADM should penetrate 64.68(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 62.33(Average Objective).

June EuroFX(CME)
The EUM4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 109.02(Prev Close), the market ended February at 108.50(Month Close), that being 48%(Pct Range) off of 107.52(Month Low) to 109.58(Month High).

In comparing the January/February closes for each of the last 25 years(Total Years), Scenario found that the June EuroFX(CME) also closed lower in February than January in 15(Cond Years) of those years. Of those 15, EUM went on to penetrate the February low within the next 2 months in 14 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the EUM should penetrate 107.52(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 103.78(Average Objective).

June Japanese Yen(CME)
The JYM4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 69.77(Prev Close), the market ended February at 67.81(Month Close), that being 15%(Pct Range) off of 67.44(Month Low) to 69.97(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the June Japanese Yen(CME) also closed lower in February than January in 22(Cond Years) of those years. Of those 22, JYM went on to penetrate the February low within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the JYM should penetrate 67.44(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 64.53(Average Objective).

June Swiss Franc(CME)
The SFM4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 117.93(Prev Close), the market ended February at 114.37(Month Close), that being 7%(Pct Range) off of 114.07(Month Low) to 118.55(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the June Swiss Franc(CME) also closed lower in February than January in 25(Cond Years) of those years. Of those 25, SFM went on to penetrate the February low within the next 2 months in 24 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the SFM should penetrate 114.07(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 110.07(Average Objective).

June US Dollar Index(ICE)
The DXM4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 102.775(Prev Close), the market ended February at 103.728(Month Close), that being 64%(Pct Range) off of 102.390(Month Low) to 104.490(Month High).

In comparing the January/February closes for each of the last 38 years(Total Years), Scenario found that the June US Dollar Index(ICE) also closed higher in February than January in 20(Cond Years) of those years. Of those 20, DXM went on to exceed the February high within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the DXM should exceed 104.490(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 107.708(Average Objective).

June Gold(CMX)
The GCM4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 2087.0(Prev Close), the market ended February at 2074.6(Month Close), that being 68%(Pct Range) off of 2016.3(Month Low) to 2102.5(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the June Gold(CMX) also closed lower in February than January in 26(Cond Years) of those years. Of those 26, GCM went on to penetrate the February 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 GCM should penetrate 2016.3(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 1896.1(Average Objective).

May Crude Oil(NYM)
The CLK4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 75.56(Prev Close), the market ended February at 77.45(Month Close), that being 81%(Pct Range) off of 71.52(Month Low) to 78.83(Month High).

In comparing the January/February closes for each of the last 40 years(Total Years), Scenario found that the May Crude Oil(NYM) also closed higher in February than January in 24(Cond Years) of those years. Of those 24, CLK went on to exceed the February 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 CLK should exceed 78.83(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 88.96(Average Objective).

June Crude Oil(NYM)
The CLM4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 75.35(Prev Close), the market ended February at 76.81(Month Close), that being 80%(Pct Range) off of 71.47(Month Low) to 78.13(Month High).

In comparing the January/February closes for each of the last 40 years(Total Years), Scenario found that the June Crude Oil(NYM) also closed higher in February than January in 24(Cond Years) of those years. Of those 24, CLM went on to exceed the February 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 CLM should exceed 78.13(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 87.55(Average Objective).

July Crude Oil(NYM)
The CLN4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 75.04(Prev Close), the market ended February at 76.18(Month Close), that being 79%(Pct Range) off of 71.33(Month Low) to 77.44(Month High).

In comparing the January/February closes for each of the last 40 years(Total Years), Scenario found that the July Crude Oil(NYM) also closed higher in February than January in 24(Cond Years) of those years. Of those 24, CLN went on to exceed the February 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 CLN should exceed 77.44(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 86.03(Average Objective).

May RBOB Gasoline(NYM)
The RBK4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 246.49(Prev Close), the market ended February at 257.11(Month Close), that being 81%(Pct Range) off of 235.93(Month Low) to 262.19(Month High).

In comparing the January/February closes for each of the last 38 years(Total Years), Scenario found that the May RBOB Gasoline(NYM) also closed higher in February than January in 20(Cond Years) of those years. Of those 20, RBK went on to exceed the February high within the next 2 months in 20 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the RBK should exceed 262.19(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 304.70(Average Objective).

June RBOB Gasoline(NYM)
The RBM4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 244.19(Prev Close), the market ended February at 253.86(Month Close), that being 83%(Pct Range) off of 233.69(Month Low) to 258.08(Month High).

In comparing the January/February closes for each of the last 38 years(Total Years), Scenario found that the June RBOB Gasoline(NYM) also closed higher in February than January in 19(Cond Years) of those years. Of those 19, RBM went on to exceed the February high within the next 2 months in 19 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the RBM should exceed 258.08(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 296.63(Average Objective).

July RBOB Gasoline(NYM)
The RBN4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 240.53(Prev Close), the market ended February at 249.54(Month Close), that being 83%(Pct Range) off of 230.34(Month Low) to 253.50(Month High).

In comparing the January/February closes for each of the last 38 years(Total Years), Scenario found that the July RBOB Gasoline(NYM) also closed higher in February than January in 19(Cond Years) of those years. Of those 19, RBN went on to exceed the February high within the next 2 months in 19 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the RBN should exceed 253.50(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 288.82(Average Objective).

June Brent Crude Oil(ICE)
The CBM4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 79.95(Prev Close), the market ended February at 81.18(Month Close), that being 80%(Pct Range) off of 76.18(Month Low) to 82.44(Month High).

In comparing the January/February closes for each of the last 34 years(Total Years), Scenario found that the June Brent Crude Oil(ICE) also closed higher in February than January in 21(Cond Years) of those years. Of those 21, CBM went on to exceed the February 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 CBM should exceed 82.44(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 92.61(Average Objective).

July Brent Crude Oil(ICE)
The CBN4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 79.58(Prev Close), the market ended February at 80.53(Month Close), that being 78%(Pct Range) off of 75.91(Month Low) to 81.82(Month High).

In comparing the January/February closes for each of the last 33 years(Total Years), Scenario found that the July Brent Crude Oil(ICE) also closed higher in February than January in 20(Cond Years) of those years. Of those 20, CBN went on to exceed the February high within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the CBN should exceed 81.82(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 91.32(Average Objective).

August Brent Crude Oil(ICE)
The CBQ4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 79.19(Prev Close), the market ended February at 79.88(Month Close), that being 75%(Pct Range) off of 75.63(Month Low) to 81.30(Month High).

In comparing the January/February closes for each of the last 33 years(Total Years), Scenario found that the August Brent Crude Oil(ICE) also closed higher in February than January in 20(Cond Years) of those years. Of those 20, CBQ went on to exceed the February high within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the CBQ should exceed 81.30(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 90.25(Average Objective).

July Wheat(CBOT)
The WN4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 610.25(Prev Close), the market ended February at 579.25(Month Close), that being 35%(Pct Range) off of 556.50(Month Low) to 622.25(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Wheat(CBOT) also closed lower in February than January in 26(Cond Years) of those years. Of those 26, WN went on to penetrate the February 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 WN should penetrate 556.50(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 513.86(Average Objective).

September Wheat(CBOT)
The WU4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 621.00(Prev Close), the market ended February at 586.75(Month Close), that being 32%(Pct Range) off of 565.75(Month Low) to 631.25(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the September Wheat(CBOT) also closed lower in February than January in 25(Cond Years) of those years. Of those 25, WU went on to penetrate the February low within the next 2 months in 23 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the WU should penetrate 565.75(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 528.83(Average Objective).

July Wheat(KCBT)
The KWN4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 615.50(Prev Close), the market ended February at 574.25(Month Close), that being 32%(Pct Range) off of 550.50(Month Low) to 625.50(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Wheat(KCBT) also closed lower in February than January in 28(Cond Years) of those years. Of those 28, KWN went on to penetrate the February low within the next 2 months in 26 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the KWN should penetrate 550.50(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 26 years) a potential move toward 513.95(Average Objective).

September Wheat(KCBT)
The KWU4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 626.00(Prev Close), the market ended February at 583.50(Month Close), that being 30%(Pct Range) off of 561.00(Month Low) to 635.00(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the September Wheat(KCBT) also closed lower in February than January in 26(Cond Years) of those years. Of those 26, KWU went on to penetrate the February low within the next 2 months in 24 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the KWU should penetrate 561.00(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 527.69(Average Objective).

August Live Cattle(CME)
The LCQ4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 178.930(Prev Close), the market ended February at 180.700(Month Close), that being 39%(Pct Range) off of 178.750(Month Low) to 183.800(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the August Live Cattle(CME) also closed higher in February than January in 25(Cond Years) of those years. Of those 25, LCQ went on to exceed the February 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 LCQ should exceed 183.800(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 192.486(Average Objective).

August Feeder Cattle(CME)
The FCQ4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 266.750(Prev Close), the market ended February at 266.650(Month Close), that being 32%(Pct Range) off of 264.020(Month Low) to 272.200(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the August Feeder Cattle(CME) also closed lower in February than January in 19(Cond Years) of those years. Of those 19, FCQ went on to penetrate the February 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 FCQ should penetrate 264.020(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 245.400(Average Objective).

September Feeder Cattle(CME)
The FCU4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 269.050(Prev Close), the market ended February at 267.520(Month Close), that being 21%(Pct Range) off of 265.770(Month Low) to 274.180(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the September Feeder Cattle(CME) also closed lower in February than January in 20(Cond Years) of those years. Of those 20, FCU went on to penetrate the February low within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the FCU should penetrate 265.770(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 249.586(Average Objective).

May Lean Hogs(CME)
The HEK4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 89.180(Prev Close), the market ended February at 90.730(Month Close), that being 89%(Pct Range) off of 85.100(Month Low) to 91.430(Month High).

In comparing the January/February closes for each of the last 22 years(Total Years), Scenario found that the May Lean Hogs(CME) also closed higher in February than January in 10(Cond Years) of those years. Of those 10, HEK went on to exceed the February 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 HEK should exceed 91.430(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 99.604(Average Objective).

June Lean Hogs(CME)
The HEM4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 97.900(Prev Close), the market ended February at 100.200(Month Close), that being 90%(Pct Range) off of 93.880(Month Low) to 100.930(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the June Lean Hogs(CME) also closed higher in February than January in 23(Cond Years) of those years. Of those 23, HEM went on to exceed the February 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 HEM should exceed 100.930(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 109.919(Average Objective).

July Orange Juice(ICE)
The JON4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 345.65(Prev Close), the market ended February at 353.80(Month Close), that being 44%(Pct Range) off of 330.70(Month Low) to 383.70(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Orange Juice(ICE) also closed higher in February than January in 17(Cond Years) of those years. Of those 17, JON went on to exceed the February 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 JON should exceed 383.70(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 419.56(Average Objective).

July Coffee "C"(ICE)
The KCN4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 189.90(Prev Close), the market ended February at 182.70(Month Close), that being 38%(Pct Range) off of 176.60(Month Low) to 192.50(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Coffee "C"(ICE) also closed lower in February than January in 25(Cond Years) of those years. Of those 25, KCN went on to penetrate the February 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 KCN should penetrate 176.60(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 160.98(Average Objective).

September Coffee "C"(ICE)
The KCU4(Mkt) ended Lower(Cond) for February(Month). Compared to January's 189.45(Prev Close), the market ended February at 182.50(Month Close), that being 38%(Pct Range) off of 176.55(Month Low) to 192.10(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the September Coffee "C"(ICE) also closed lower in February than January in 26(Cond Years) of those years. Of those 26, KCU went on to penetrate the February 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 KCU should penetrate 176.55(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 161.15(Average Objective).

July Cotton(ICE)
The CTN4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 87.13(Prev Close), the market ended February at 97.77(Month Close), that being 69%(Pct Range) off of 86.70(Month Low) to 102.68(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Cotton(ICE) also closed higher in February than January in 24(Cond Years) of those years. Of those 24, CTN went on to exceed the February 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 CTN should exceed 102.68(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 109.16(Average Objective).

July Rough Rice(CBOT)
The RRN4(Mkt) ended Higher(Cond) for February(Month). Compared to January's 18.19(Prev Close), the market ended February at 18.35(Month Close), that being 13%(Pct Range) off of 18.22(Month Low) to 19.30(Month High).

In comparing the January/February closes for each of the last 34 years(Total Years), Scenario found that the July Rough Rice(CBOT) also closed higher in February than January in 10(Cond Years) of those years. Of those 10, RRN went on to exceed the February 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 RRN should exceed 19.30(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 21.45(Average Objective).
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