MRCI's Scenario Summary

MRCI's Scenario^SM Summary

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved.
Some data provided by Prophetfinance.com

Scenario^SM Summary Sep 30, 2006

Historical Data

Scenario Data

Current Market Data

Mkt

Cond

Month

Prev
Close

Month
High

Month
Low

Month
Close

Pct
Range

Total
Years

Cond
Years

Action
Years

Pct

Scenario
Objective

Average
Objective

Last
Price

#TRAN

Higher

Sep

4282.90

4497.90

4142.00

4453.50

88%

100%

4497.90

4857.59

4453.50

#OEX

Higher

Sep

602.00

622.10

597.00

620.00

92%

100%

622.10

654.68

620.00

#NDX

Higher

Sep

1579.70

1666.00

1558.20

1654.10

89%

100%

1666.00

1805.74

1654.10

#COMPX

Higher

Sep

2183.80

2270.00

2155.30

2258.40

90%

100%

2270.00

2433.82

2258.40

#RUT

Higher

Sep

720.55

738.15

700.45

725.60

67%

85%

738.15

781.05

725.60

#VLE

Higher

Sep

2009.50

2064.40

1970.50

2044.70

79%

90%

2064.40

2154.07

2044.70

#SSNI

Lower

Sep

16141

16415

15514

16128

68%

88%

15514

14197

16128

#SP

Higher

Sep

1303.80

1340.30

1290.95

1335.85

91%

89%

1340.30

1419.02

1335.85

SPZ6

Higher

Sep

1316.90

1350.30

1302.70

1345.40

90%

100%

1350.30

1416.49

1345.40

NDZ6

Higher

Sep

1601.80

1682.50

1578.00

1671.30

89%

100%

1682.50

1872.72

1671.30

USZ6

Higher

Sep

111~02

113~11

109~25

112~13

74%

88%

113~11

117~26

112~13

TYZ6

Higher

Sep

107~120

108~240

106~175

108~020

69%

95%

108~240

111~141

108~020

EDZ6

Higher

Sep

94.655

94.725

94.570

94.665

61%

94%

94.725

95.153

94.665

EDH7

Higher

Sep

94.785

94.895

94.635

94.825

73%

94%

94.895

95.409

94.825

JYZ6

Lower

Sep

86.47

87.68

85.50

85.59

93%

85.50

82.42

85.59

CDZ6

Lower

Sep

90.84

90.82

88.83

89.67

42%

100%

88.83

87.60

89.67

DXZ6

Higher

Sep

84.66

85.94

84.48

85.68

82%

100%

85.94

88.21

85.68

HOF7

Lower

Sep

214.66

214.25

177.95

186.07

22%

88%

177.95

167.47

186.07

NGF7

Lower

Sep

10.628

10.750

7.490

7.800

10%

100%

7.490

6.612

7.800

NGG7

Lower

Sep

10.663

10.760

7.550

7.878

10%

100%

7.550

6.906

7.878

SF7

Lower

Sep

569.25

577.00

550.50

562.25

44%

88%

550.50

518.27

562.25

SH7

Lower

Sep

580.00

588.00

563.00

573.00

40%

91%

563.00

531.72

573.00

SK7

Lower

Sep

591.00

597.50

572.50

583.50

44%

91%

572.50

541.39

583.50

BOZ6

Lower

Sep

25.74

25.76

23.80

24.24

22%

92%

23.80

22.18

24.24

BOF7

Lower

Sep

26.08

25.97

24.12

24.64

28%

88%

24.12

22.40

24.64

BOH7

Lower

Sep

26.43

26.40

24.50

25.05

29%

92%

24.50

22.85

25.05

KWZ6

Higher

Sep

492.25

500.00

455.00

496.00

91%

89%

500.00

531.55

496.00

KWH7

Higher

Sep

495.25

508.50

464.00

502.25

86%

89%

508.50

539.38

502.25

MWZ6

Lower

Sep

473.25

477.00

438.00

468.75

79%

92%

438.00

412.70

468.75

MWH7

Higher

Sep

484.00

489.50

451.00

485.50

90%

91%

489.50

514.12

485.50

OH7

Higher

Sep

198.00

216.00

197.00

213.00

84%

88%

216.00

235.07

213.00

RRF7

Higher

Sep

9.05

10.18

9.15

9.95

78%

89%

10.18

11.06

9.95

RRH7

Higher

Sep

9.35

10.43

9.48

10.20

76%

89%

10.43

11.32

10.20

LCZ6

Lower

Sep

92.750

93.975

88.550

89.850

24%

88%

88.550

84.461

89.850

FCF7

Lower

Sep

113.425

115.500

108.000

108.450

100%

108.000

104.595

108.450

FCH7

Lower

Sep

109.600

111.700

105.600

105.950

85%

105.600

102.425

105.950

FCJ7

Lower

Sep

109.000

110.550

105.150

105.400

85%

105.150

102.209

105.400

LEZ6

Lower

Sep

63.700

65.600

59.300

60.850

25%

92%

59.300

54.085

60.850

LEG7

Lower

Sep

63.675

65.700

60.500

61.900

27%

92%

60.500

56.490

61.900

LEJ7

Lower

Sep

63.550

64.975

61.300

62.700

38%

93%

61.300

57.935

62.700

PBH7

Higher

Sep

91.250

92.500

86.000

91.375

83%

84%

92.500

102.002

91.375

CCZ6

Lower

Sep

1485

1535

1415

1472

48%

85%

1415

1307

1472

CTH7

Lower

Sep

58.73

58.30

53.70

53.89

89%

53.70

50.81

53.89

Dow Jones Transportation: The #TRAN(Mkt) ended Higher(Cond) for September(Month). Compared to August's 4282.90(Prev Close), the market ended September at 4453.50(Month Close), that being 88%(Pct Range) off of 4142.00(Month Low) to 4497.90(Month High).

In comparing the August/September closes for each of the last 36 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in September than August in 13(Cond Years) of those years. Of those 13, the #TRAN went on to exceed the September high within the next 2 months in 13 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #TRAN should exceed 4497.90(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 4857.59(Average Objective).
S & P 100(OEX): The #OEX(Mkt) ended Higher(Cond) for September(Month). Compared to August's 602.00(Prev Close), the market ended September at 620.00(Month Close), that being 92%(Pct Range) off of 597.00(Month Low) to 622.10(Month High).

In comparing the August/September closes for each of the last 23 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in September than August in 7(Cond Years) of those years. Of those 7, the #OEX went on to exceed the September high within the next 2 months in 7 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #OEX should exceed 622.10(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 654.68(Average Objective).
NASDAQ 100 Index: The #NDX(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1579.70(Prev Close), the market ended September at 1654.10(Month Close), that being 89%(Pct Range) off of 1558.20(Month Low) to 1666.00(Month High).

In comparing the August/September closes for each of the last 20 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in September than August in 12(Cond Years) of those years. Of those 12, the #NDX went on to exceed the September high within the next 2 months in 12 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #NDX should exceed 1666.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 1805.74(Average Objective).
NASDAQ Composite Index: The #COMPX(Mkt) ended Higher(Cond) for September(Month). Compared to August's 2183.80(Prev Close), the market ended September at 2258.40(Month Close), that being 90%(Pct Range) off of 2155.30(Month Low) to 2270.00(Month High).

In comparing the August/September closes for each of the last 11 years(Total Years), Scenario found that the NASDAQ Composite Index also closed higher in September than August in 6(Cond Years) of those years. Of those 6, the #COMPX went on to exceed the September high within the next 2 months in 6 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #COMPX should exceed 2270.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 2433.82(Average Objective).
Russell 2000 Index: The #RUT(Mkt) ended Higher(Cond) for September(Month). Compared to August's 720.55(Prev Close), the market ended September at 725.60(Month Close), that being 67%(Pct Range) off of 700.45(Month Low) to 738.15(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in September than August in 13(Cond Years) of those years. Of those 13, the #RUT went on to exceed the September high within the next 2 months in 11 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the the #RUT should exceed 738.15(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 781.05(Average Objective).
Value Line Index: The #VLE(Mkt) ended Higher(Cond) for September(Month). Compared to August's 2009.50(Prev Close), the market ended September at 2044.70(Month Close), that being 79%(Pct Range) off of 1970.50(Month Low) to 2064.40(Month High).

In comparing the August/September closes for each of the last 23 years(Total Years), Scenario found that the Value Line Index also closed higher in September than August in 10(Cond Years) of those years. Of those 10, the #VLE went on to exceed the September 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 the #VLE should exceed 2064.40(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 2154.07(Average Objective).
Nikkei 225 Index: The #SSNI(Mkt) ended Lower(Cond) for September(Month). Compared to August's 16141(Prev Close), the market ended September at 16128(Month Close), that being 68%(Pct Range) off of 15514(Month Low) to 16415(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the Nikkei 225 Index also closed lower in September than August in 16(Cond Years) of those years. Of those 16, the #SSNI went on to penetrate the September low within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #SSNI should penetrate 15514(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 14197(Average Objective).
S & P 500 Stock Index: The #SP(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1303.80(Prev Close), the market ended September at 1335.85(Month Close), that being 91%(Pct Range) off of 1290.95(Month Low) to 1340.30(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in September than August in 18(Cond Years) of those years. Of those 18, the #SP went on to exceed the September high within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the the #SP should exceed 1340.30(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 1419.02(Average Objective).
December S & P 500(CME): The SPZ6(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1316.90(Prev Close), the market ended September at 1345.40(Month Close), that being 90%(Pct Range) off of 1302.70(Month Low) to 1350.30(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the December S & P 500(CME) also closed higher in September than August in 9(Cond Years) of those years. Of those 9, SPZ went on to exceed the September 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 SPZ should exceed 1350.30(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 1416.49(Average Objective).
December NASDAQ 100(CME): The NDZ6(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1601.80(Prev Close), the market ended September at 1671.30(Month Close), that being 89%(Pct Range) off of 1578.00(Month Low) to 1682.50(Month High).

In comparing the August/September closes for each of the last 10 years(Total Years), Scenario found that the December NASDAQ 100(CME) also closed higher in September than August in 6(Cond Years) of those years. Of those 6, NDZ went on to exceed the September high within the next 2 months in 6 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NDZ should exceed 1682.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 1872.72(Average Objective).
December 30-Year T-Bonds(CBOT): The USZ6(Mkt) ended Higher(Cond) for September(Month). Compared to August's 111~02(Prev Close), the market ended September at 112~13(Month Close), that being 74%(Pct Range) off of 109~25(Month Low) to 113~11(Month High).

In comparing the August/September closes for each of the last 29 years(Total Years), Scenario found that the December 30-Year T-Bonds(CBOT) also closed higher in September than August in 16(Cond Years) of those years. Of those 16, USZ went on to exceed the September high within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the USZ should exceed 113~11(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 117~26(Average Objective).
December 10-Year T-Notes(CBOT): The TYZ6(Mkt) ended Higher(Cond) for September(Month). Compared to August's 107~120(Prev Close), the market ended September at 108~020(Month Close), that being 69%(Pct Range) off of 106~175(Month Low) to 108~240(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the December 10-Year T-Notes(CBOT) also closed higher in September than August in 19(Cond Years) of those years. Of those 19, TYZ went on to exceed the September 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 TYZ should exceed 108~240(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 111~141(Average Objective).
December Eurodollars(CME): The EDZ6(Mkt) ended Higher(Cond) for September(Month). Compared to August's 94.655(Prev Close), the market ended September at 94.665(Month Close), that being 61%(Pct Range) off of 94.570(Month Low) to 94.725(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the December Eurodollars(CME) also closed higher in September than August in 16(Cond Years) of those years. Of those 16, EDZ went on to exceed the September high within the next 2 months in 15 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the EDZ should exceed 94.725(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 95.153(Average Objective).
March Eurodollars(CME): The EDH7(Mkt) ended Higher(Cond) for September(Month). Compared to August's 94.785(Prev Close), the market ended September at 94.825(Month Close), that being 73%(Pct Range) off of 94.635(Month Low) to 94.895(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the March Eurodollars(CME) also closed higher in September than August in 17(Cond Years) of those years. Of those 17, EDH went on to exceed the September high within the next 2 months in 16 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the EDH should exceed 94.895(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 95.409(Average Objective).
December Japanese Yen(CME): The JYZ6(Mkt) ended Lower(Cond) for September(Month). Compared to August's 86.47(Prev Close), the market ended September at 85.59(Month Close), that being 4%(Pct Range) off of 85.50(Month Low) to 87.68(Month High).

In comparing the August/September closes for each of the last 29 years(Total Years), Scenario found that the December Japanese Yen(CME) also closed lower in September than August in 14(Cond Years) of those years. Of those 14, JYZ went on to penetrate the September low within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the JYZ should penetrate 85.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 82.42(Average Objective).
December Canadian Dollar(CME): The CDZ6(Mkt) ended Lower(Cond) for September(Month). Compared to August's 90.84(Prev Close), the market ended September at 89.67(Month Close), that being 42%(Pct Range) off of 88.83(Month Low) to 90.82(Month High).

In comparing the August/September closes for each of the last 29 years(Total Years), Scenario found that the December Canadian Dollar(CME) also closed lower in September than August in 9(Cond Years) of those years. Of those 9, CDZ went on to penetrate the September low within the next 2 months in 9 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the CDZ should penetrate 88.83(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 87.60(Average Objective).
December US Dollar Index(NYBOT): The DXZ6(Mkt) ended Higher(Cond) for September(Month). Compared to August's 84.66(Prev Close), the market ended September at 85.68(Month Close), that being 82%(Pct Range) off of 84.48(Month Low) to 85.94(Month High).

In comparing the August/September closes for each of the last 20 years(Total Years), Scenario found that the December US Dollar Index(NYBOT) also closed higher in September than August in 7(Cond Years) of those years. Of those 7, DXZ went on to exceed the September high within the next 2 months in 7 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the DXZ should exceed 85.94(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 88.21(Average Objective).
January Heating Oil(NYM): The HOF7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 214.66(Prev Close), the market ended September at 186.07(Month Close), that being 22%(Pct Range) off of 177.95(Month Low) to 214.25(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the January Heating Oil(NYM) also closed lower in September than August in 8(Cond Years) of those years. Of those 8, HOF went on to penetrate the September low within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the HOF should penetrate 177.95(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 167.47(Average Objective).
January Natural Gas(NYM): The NGF7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 10.628(Prev Close), the market ended September at 7.800(Month Close), that being 10%(Pct Range) off of 7.490(Month Low) to 10.750(Month High).

In comparing the August/September closes for each of the last 16 years(Total Years), Scenario found that the January Natural Gas(NYM) also closed lower in September than August in 5(Cond Years) of those years. Of those 5, NGF went on to penetrate the September low within the next 2 months in 5 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NGF should penetrate 7.490(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 5 years) a potential move toward 6.612(Average Objective).
February Natural Gas(NYM): The NGG7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 10.663(Prev Close), the market ended September at 7.878(Month Close), that being 10%(Pct Range) off of 7.550(Month Low) to 10.760(Month High).

In comparing the August/September closes for each of the last 16 years(Total Years), Scenario found that the February Natural Gas(NYM) also closed lower in September than August in 6(Cond Years) of those years. Of those 6, NGG went on to penetrate the September low within the next 2 months in 6 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NGG should penetrate 7.550(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 6.906(Average Objective).
January Soybeans(CBOT): The SF7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 569.25(Prev Close), the market ended September at 562.25(Month Close), that being 44%(Pct Range) off of 550.50(Month Low) to 577.00(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the January Soybeans(CBOT) also closed lower in September than August in 25(Cond Years) of those years. Of those 25, SF went on to penetrate the September low within the next 2 months in 22 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the SF should penetrate 550.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 518.27(Average Objective).
March Soybeans(CBOT): The SH7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 580.00(Prev Close), the market ended September at 573.00(Month Close), that being 40%(Pct Range) off of 563.00(Month Low) to 588.00(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Soybeans(CBOT) also closed lower in September than August in 23(Cond Years) of those years. Of those 23, SH went on to penetrate the September low within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the SH should penetrate 563.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 531.72(Average Objective).
May Soybeans(CBOT): The SK7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 591.00(Prev Close), the market ended September at 583.50(Month Close), that being 44%(Pct Range) off of 572.50(Month Low) to 597.50(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Soybeans(CBOT) also closed lower in September than August in 23(Cond Years) of those years. Of those 23, SK went on to penetrate the September low within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the SK should penetrate 572.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 541.39(Average Objective).
December Soybean Oil(CBOT): The BOZ6(Mkt) ended Lower(Cond) for September(Month). Compared to August's 25.74(Prev Close), the market ended September at 24.24(Month Close), that being 22%(Pct Range) off of 23.80(Month Low) to 25.76(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the December Soybean Oil(CBOT) also closed lower in September than August in 25(Cond Years) of those years. Of those 25, BOZ went on to penetrate the September 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 BOZ should penetrate 23.80(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 22.18(Average Objective).
January Soybean Oil(CBOT): The BOF7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 26.08(Prev Close), the market ended September at 24.64(Month Close), that being 28%(Pct Range) off of 24.12(Month Low) to 25.97(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the January Soybean Oil(CBOT) also closed lower in September than August in 24(Cond Years) of those years. Of those 24, BOF went on to penetrate the September low within the next 2 months in 21 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the BOF should penetrate 24.12(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 22.40(Average Objective).
March Soybean Oil(CBOT): The BOH7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 26.43(Prev Close), the market ended September at 25.05(Month Close), that being 29%(Pct Range) off of 24.50(Month Low) to 26.40(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Soybean Oil(CBOT) also closed lower in September than August in 24(Cond Years) of those years. Of those 24, BOH went on to penetrate the September low within the next 2 months in 22 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the BOH should penetrate 24.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 22.85(Average Objective).
December Wheat(KCBT): The KWZ6(Mkt) ended Higher(Cond) for September(Month). Compared to August's 492.25(Prev Close), the market ended September at 496.00(Month Close), that being 91%(Pct Range) off of 455.00(Month Low) to 500.00(Month High).

In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the December Wheat(KCBT) also closed higher in September than August in 18(Cond Years) of those years. Of those 18, KWZ went on to exceed the September high within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the KWZ should exceed 500.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 531.55(Average Objective).
March Wheat(KCBT): The KWH7(Mkt) ended Higher(Cond) for September(Month). Compared to August's 495.25(Prev Close), the market ended September at 502.25(Month Close), that being 86%(Pct Range) off of 464.00(Month Low) to 508.50(Month High).

In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the March Wheat(KCBT) also closed higher in September than August in 18(Cond Years) of those years. Of those 18, KWH went on to exceed the September high within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the KWH should exceed 508.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 539.38(Average Objective).
December Wheat(MGE): The MWZ6(Mkt) ended Lower(Cond) for September(Month). Compared to August's 473.25(Prev Close), the market ended September at 468.75(Month Close), that being 79%(Pct Range) off of 438.00(Month Low) to 477.00(Month High).

In comparing the August/September closes for each of the last 25 years(Total Years), Scenario found that the December Wheat(MGE) also closed lower in September than August in 12(Cond Years) of those years. Of those 12, MWZ went on to penetrate the September low within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the MWZ should penetrate 438.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 412.70(Average Objective).
March Wheat(MGE): The MWH7(Mkt) ended Higher(Cond) for September(Month). Compared to August's 484.00(Prev Close), the market ended September at 485.50(Month Close), that being 90%(Pct Range) off of 451.00(Month Low) to 489.50(Month High).

In comparing the August/September closes for each of the last 25 years(Total Years), Scenario found that the March Wheat(MGE) also closed higher in September than August in 11(Cond Years) of those years. Of those 11, MWH went on to exceed the September high within the next 2 months in 10 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the MWH should exceed 489.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 514.12(Average Objective).
March Oats(CBOT): The OH7(Mkt) ended Higher(Cond) for September(Month). Compared to August's 198.00(Prev Close), the market ended September at 213.00(Month Close), that being 84%(Pct Range) off of 197.00(Month Low) to 216.00(Month High).

In comparing the August/September closes for each of the last 32 years(Total Years), Scenario found that the March Oats(CBOT) also closed higher in September than August in 16(Cond Years) of those years. Of those 16, OH went on to exceed the September high within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the OH should exceed 216.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 235.07(Average Objective).
January Rough Rice(CBOT): The RRF7(Mkt) ended Higher(Cond) for September(Month). Compared to August's 9.05(Prev Close), the market ended September at 9.95(Month Close), that being 78%(Pct Range) off of 9.15(Month Low) to 10.18(Month High).

In comparing the August/September closes for each of the last 20 years(Total Years), Scenario found that the January Rough Rice(CBOT) also closed higher in September than August in 9(Cond Years) of those years. Of those 9, RRF went on to exceed the September 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 RRF should exceed 10.18(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 11.06(Average Objective).
March Rough Rice(CBOT): The RRH7(Mkt) ended Higher(Cond) for September(Month). Compared to August's 9.35(Prev Close), the market ended September at 10.20(Month Close), that being 76%(Pct Range) off of 9.48(Month Low) to 10.43(Month High).

In comparing the August/September closes for each of the last 20 years(Total Years), Scenario found that the March Rough Rice(CBOT) also closed higher in September than August in 9(Cond Years) of those years. Of those 9, RRH went on to exceed the September 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 RRH should exceed 10.43(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 11.32(Average Objective).
December Live Cattle(CME): The LCZ6(Mkt) ended Lower(Cond) for September(Month). Compared to August's 92.750(Prev Close), the market ended September at 89.850(Month Close), that being 24%(Pct Range) off of 88.550(Month Low) to 93.975(Month High).

In comparing the August/September closes for each of the last 41 years(Total Years), Scenario found that the December Live Cattle(CME) also closed lower in September than August in 16(Cond Years) of those years. Of those 16, LCZ went on to penetrate the September low within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the LCZ should penetrate 88.550(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 84.461(Average Objective).
January Feeder Cattle(CME): The FCF7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 113.425(Prev Close), the market ended September at 108.450(Month Close), that being 6%(Pct Range) off of 108.000(Month Low) to 115.500(Month High).

In comparing the August/September closes for each of the last 29 years(Total Years), Scenario found that the January Feeder Cattle(CME) also closed lower in September than August in 10(Cond Years) of those years. Of those 10, FCF went on to penetrate the September low within the next 2 months in 10 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the FCF should penetrate 108.000(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 104.595(Average Objective).
March Feeder Cattle(CME): The FCH7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 109.600(Prev Close), the market ended September at 105.950(Month Close), that being 6%(Pct Range) off of 105.600(Month Low) to 111.700(Month High).

In comparing the August/September closes for each of the last 32 years(Total Years), Scenario found that the March Feeder Cattle(CME) also closed lower in September than August in 13(Cond Years) of those years. Of those 13, FCH went on to penetrate the September 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 FCH should penetrate 105.600(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 102.425(Average Objective).
April Feeder Cattle(CME): The FCJ7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 109.000(Prev Close), the market ended September at 105.400(Month Close), that being 5%(Pct Range) off of 105.150(Month Low) to 110.550(Month High).

In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the April Feeder Cattle(CME) also closed lower in September than August in 13(Cond Years) of those years. Of those 13, FCJ went on to penetrate the September 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 FCJ should penetrate 105.150(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 102.209(Average Objective).
December Lean Hogs(CME): The LEZ6(Mkt) ended Lower(Cond) for September(Month). Compared to August's 63.700(Prev Close), the market ended September at 60.850(Month Close), that being 25%(Pct Range) off of 59.300(Month Low) to 65.600(Month High).

In comparing the August/September closes for each of the last 37 years(Total Years), Scenario found that the December Lean Hogs(CME) also closed lower in September than August in 13(Cond Years) of those years. Of those 13, LEZ went on to penetrate the September low within the next 2 months in 12 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the LEZ should penetrate 59.300(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 54.085(Average Objective).
February Lean Hogs(CME): The LEG7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 63.675(Prev Close), the market ended September at 61.900(Month Close), that being 27%(Pct Range) off of 60.500(Month Low) to 65.700(Month High).

In comparing the August/September closes for each of the last 37 years(Total Years), Scenario found that the February Lean Hogs(CME) also closed lower in September than August in 12(Cond Years) of those years. Of those 12, LEG went on to penetrate the September low within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the LEG should penetrate 60.500(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 56.490(Average Objective).
April Lean Hogs(CME): The LEJ7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 63.550(Prev Close), the market ended September at 62.700(Month Close), that being 38%(Pct Range) off of 61.300(Month Low) to 64.975(Month High).

In comparing the August/September closes for each of the last 36 years(Total Years), Scenario found that the April Lean Hogs(CME) also closed lower in September than August in 14(Cond Years) of those years. Of those 14, LEJ went on to penetrate the September low within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the LEJ should penetrate 61.300(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 57.935(Average Objective).
March Pork Bellies(CME): The PBH7(Mkt) ended Higher(Cond) for September(Month). Compared to August's 91.250(Prev Close), the market ended September at 91.375(Month Close), that being 83%(Pct Range) off of 86.000(Month Low) to 92.500(Month High).

In comparing the August/September closes for each of the last 42 years(Total Years), Scenario found that the March Pork Bellies(CME) also closed higher in September than August in 25(Cond Years) of those years. Of those 25, PBH went on to exceed the September 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 PBH should exceed 92.500(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 102.002(Average Objective).
December Cocoa(NYBOT): The CCZ6(Mkt) ended Lower(Cond) for September(Month). Compared to August's 1485(Prev Close), the market ended September at 1472(Month Close), that being 48%(Pct Range) off of 1415(Month Low) to 1535(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the December Cocoa(NYBOT) also closed lower in September than August in 20(Cond Years) of those years. Of those 20, CCZ went on to penetrate the September 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 CCZ should penetrate 1415(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 1307(Average Objective).
March Cotton(NYBOT): The CTH7(Mkt) ended Lower(Cond) for September(Month). Compared to August's 58.73(Prev Close), the market ended September at 53.89(Month Close), that being 4%(Pct Range) off of 53.70(Month Low) to 58.30(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Cotton(NYBOT) also closed lower in September than August in 27(Cond Years) of those years. Of those 27, CTH went on to penetrate the September low within the next 2 months in 24 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the CTH should penetrate 53.70(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 50.81(Average Objective).

Moore Research Center, Inc.

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