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 Feb 28, 2007

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

Feb

454.54

501.99

454.19

479.12

52%

92%

501.99

520.71

479.12

#NDX

Lower

Feb

1792.30

1851.50

1746.30

1761.60

15%

90%

1746.30

1616.44

1761.60

#MID

Higher

Feb

833.00

870.90

831.35

838.10

17%

94%

870.90

918.51

838.10

#VLE

Higher

Feb

2273.70

2366.30

2258.50

2278.70

19%

87%

2366.30

2478.69

2278.70

#SSNI

Higher

Feb

17383

18300

17200

17604

37%

85%

18300

19564

17604

NDM7

Lower

Feb

1824.50

1877.50

1770.00

1786.50

15%

100%

1770.00

1654.44

1786.50

EDU7

Higher

Feb

94.745

95.030

94.695

94.995

90%

92%

95.030

95.358

94.995

EDZ7

Higher

Feb

94.835

95.205

94.795

95.150

87%

92%

95.205

95.530

95.150

CDM7

Higher

Feb

85.41

86.76

84.57

85.75

54%

92%

86.76

88.51

85.75

HGK7

Higher

Feb

260.40

289.00

240.00

275.20

72%

88%

289.00

318.05

275.20

HGN7

Higher

Feb

260.30

289.80

240.00

275.70

72%

96%

289.80

316.90

275.70

CLM7

Higher

Feb

60.14

64.10

58.55

63.97

98%

85%

64.10

71.94

63.97

CLN7

Higher

Feb

60.67

64.75

59.00

64.70

99%

92%

64.75

71.71

64.70

HOM7

Higher

Feb

168.28

179.00

162.10

178.06

94%

91%

179.00

199.66

178.06

HON7

Higher

Feb

169.93

179.76

165.25

179.76

100%

91%

179.76

198.81

179.76

SK7

Higher

Feb

734.50

807.50

734.50

787.50

73%

90%

807.50

885.10

787.50

SN7

Higher

Feb

747.75

822.00

747.75

802.50

74%

91%

822.00

893.76

802.50

SQ7

Higher

Feb

753.00

826.00

755.00

807.50

74%

91%

826.00

897.36

807.50

SX7

Higher

Feb

771.00

843.00

770.50

824.25

74%

92%

843.00

891.10

824.25

BOK7

Higher

Feb

29.81

31.65

29.88

30.76

50%

85%

31.65

34.58

30.76

BON7

Higher

Feb

30.26

32.10

30.42

31.15

43%

89%

32.10

35.04

31.15

BOZ7

Higher

Feb

31.23

33.07

31.27

32.23

53%

92%

33.07

35.55

32.23

SMK7

Higher

Feb

212.50

240.50

212.50

230.70

65%

94%

240.50

266.53

230.70

SMN7

Higher

Feb

217.10

245.20

217.00

236.10

68%

94%

245.20

269.31

236.10

MWK7

Higher

Feb

508.00

534.00

494.50

520.00

65%

89%

534.00

576.51

520.00

RRN7

Higher

Feb

10.68

11.00

10.52

10.80

58%

100%

11.00

12.24

10.80

LCM7

Higher

Feb

89.850

96.150

89.350

95.500

90%

87%

96.150

102.101

95.500

LCQ7

Higher

Feb

88.000

93.250

87.650

92.500

87%

84%

93.250

98.400

92.500

LEM7

Higher

Feb

77.350

78.750

75.550

78.050

78%

94%

78.750

85.481

78.050

LEN7

Higher

Feb

76.075

78.300

74.800

78.100

94%

88%

78.300

85.358

78.100

LEV7

Higher

Feb

66.300

70.300

65.950

69.900

91%

87%

70.300

75.907

69.900

PBK7

Higher

Feb

102.800

108.875

102.100

104.100

30%

94%

108.875

123.080

104.100

PBN7

Higher

Feb

102.800

108.600

102.500

105.150

43%

94%

108.600

122.251

105.150

JON7

Higher

Feb

180.70

198.00

181.20

194.70

80%

88%

198.00

215.22

194.70

CTK7

Lower

Feb

55.11

55.50

51.50

53.82

58%

86%

51.50

48.16

53.82

Dow Jones Utilities: The #UTIL(Mkt) ended Higher(Cond) for February(Month). Compared to January's 454.54(Prev Close), the market ended February at 479.12(Month Close), that being 52%(Pct Range) off of 454.19(Month Low) to 501.99(Month High).

In comparing the January/February closes for each of the last 37 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in February than January in 12(Cond Years) of those years. Of those 12, the #UTIL went on to exceed the February high within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the the #UTIL should exceed 501.99(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 520.71(Average Objective).
NASDAQ 100 Index: The #NDX(Mkt) ended Lower(Cond) for February(Month). Compared to January's 1792.30(Prev Close), the market ended February at 1761.60(Month Close), that being 15%(Pct Range) off of 1746.30(Month Low) to 1851.50(Month High).

In comparing the January/February closes for each of the last 21 years(Total Years), Scenario found that the NASDAQ 100 Index also closed lower in February than January in 10(Cond Years) of those years. Of those 10, the #NDX went on to penetrate the February low 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 #NDX should penetrate 1746.30(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 1616.44(Average Objective).
S & P Midcap 400 Index: The #MID(Mkt) ended Higher(Cond) for February(Month). Compared to January's 833.00(Prev Close), the market ended February at 838.10(Month Close), that being 17%(Pct Range) off of 831.35(Month Low) to 870.90(Month High).

In comparing the January/February closes for each of the last 26 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed higher in February than January in 16(Cond Years) of those years. Of those 16, the #MID went on to exceed the February 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 the #MID should exceed 870.90(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 918.51(Average Objective).
Value Line Index: The #VLE(Mkt) ended Higher(Cond) for February(Month). Compared to January's 2273.70(Prev Close), the market ended February at 2278.70(Month Close), that being 19%(Pct Range) off of 2258.50(Month Low) to 2366.30(Month High).

In comparing the January/February closes for each of the last 24 years(Total Years), Scenario found that the Value Line Index also closed higher in February than January in 15(Cond Years) of those years. Of those 15, the #VLE went on to exceed the February high within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the the #VLE should exceed 2366.30(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 2478.69(Average Objective).
Nikkei 225 Index: The #SSNI(Mkt) ended Higher(Cond) for February(Month). Compared to January's 17383(Prev Close), the market ended February at 17604(Month Close), that being 37%(Pct Range) off of 17200(Month Low) to 18300(Month High).

In comparing the January/February closes for each of the last 25 years(Total Years), Scenario found that the Nikkei 225 Index also closed higher in February than January in 13(Cond Years) of those years. Of those 13, the #SSNI went on to exceed the February 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 #SSNI should exceed 18300(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 19564(Average Objective).
June NASDAQ 100(CME): The NDM7(Mkt) ended Lower(Cond) for February(Month). Compared to January's 1824.50(Prev Close), the market ended February at 1786.50(Month Close), that being 15%(Pct Range) off of 1770.00(Month Low) to 1877.50(Month High).

In comparing the January/February closes for each of the last 10 years(Total Years), Scenario found that the June NASDAQ 100(CME) also closed lower in February than January in 7(Cond Years) of those years. Of those 7, NDM went on to penetrate the February low within the next 2 months in 7 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NDM should penetrate 1770.00(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 1654.44(Average Objective).
September Eurodollars(CME): The EDU7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 94.745(Prev Close), the market ended February at 94.995(Month Close), that being 90%(Pct Range) off of 94.695(Month Low) to 95.030(Month High).

In comparing the January/February closes for each of the last 24 years(Total Years), Scenario found that the September Eurodollars(CME) also closed higher in February than January in 12(Cond Years) of those years. Of those 12, EDU went on to exceed the February high within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the EDU should exceed 95.030(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 95.358(Average Objective).
December Eurodollars(CME): The EDZ7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 94.835(Prev Close), the market ended February at 95.150(Month Close), that being 87%(Pct Range) off of 94.795(Month Low) to 95.205(Month High).

In comparing the January/February closes for each of the last 24 years(Total Years), Scenario found that the December Eurodollars(CME) also closed higher in February than January in 13(Cond Years) of those years. Of those 13, EDZ went on to exceed the February high within the next 2 months in 12 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the EDZ should exceed 95.205(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 95.530(Average Objective).
June Canadian Dollar(CME): The CDM7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 85.41(Prev Close), the market ended February at 85.75(Month Close), that being 54%(Pct Range) off of 84.57(Month Low) to 86.76(Month High).

In comparing the January/February closes for each of the last 30 years(Total Years), Scenario found that the June Canadian Dollar(CME) also closed higher in February than January in 12(Cond Years) of those years. Of those 12, CDM went on to exceed the February high within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the CDM should exceed 86.76(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 88.51(Average Objective).
May Copper(CMX): The HGK7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 260.40(Prev Close), the market ended February at 275.20(Month Close), that being 72%(Pct Range) off of 240.00(Month Low) to 289.00(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the May Copper(CMX) also closed higher in February than January in 24(Cond Years) of those years. Of those 24, HGK 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 HGK should exceed 289.00(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 318.05(Average Objective).
July Copper(CMX): The HGN7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 260.30(Prev Close), the market ended February at 275.70(Month Close), that being 72%(Pct Range) off of 240.00(Month Low) to 289.80(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Copper(CMX) also closed higher in February than January in 25(Cond Years) of those years. Of those 25, HGN went on to exceed the February high within the next 2 months in 24 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the HGN should exceed 289.80(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 316.90(Average Objective).
June Crude Oil(NYM): The CLM7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 60.14(Prev Close), the market ended February at 63.97(Month Close), that being 98%(Pct Range) off of 58.55(Month Low) to 64.10(Month High).

In comparing the January/February closes for each of the last 23 years(Total Years), Scenario found that the June Crude Oil(NYM) also closed higher in February than January in 13(Cond Years) of those years. Of those 13, CLM went on to exceed the February 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 CLM should exceed 64.10(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 71.94(Average Objective).
July Crude Oil(NYM): The CLN7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 60.67(Prev Close), the market ended February at 64.70(Month Close), that being 99%(Pct Range) off of 59.00(Month Low) to 64.75(Month High).

In comparing the January/February closes for each of the last 23 years(Total Years), Scenario found that the July Crude Oil(NYM) also closed higher in February than January in 13(Cond Years) of those years. Of those 13, CLN went on to exceed the February high within the next 2 months in 12 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the CLN should exceed 64.75(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 71.71(Average Objective).
June Heating Oil(NYM): The HOM7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 168.28(Prev Close), the market ended February at 178.06(Month Close), that being 94%(Pct Range) off of 162.10(Month Low) to 179.00(Month High).

In comparing the January/February closes for each of the last 27 years(Total Years), Scenario found that the June Heating Oil(NYM) also closed higher in February than January in 11(Cond Years) of those years. Of those 11, HOM went on to exceed the February 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 HOM should exceed 179.00(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 199.66(Average Objective).
July Heating Oil(NYM): The HON7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 169.93(Prev Close), the market ended February at 179.76(Month Close), that being 100%(Pct Range) off of 165.25(Month Low) to 179.76(Month High).

In comparing the January/February closes for each of the last 27 years(Total Years), Scenario found that the July Heating Oil(NYM) also closed higher in February than January in 11(Cond Years) of those years. Of those 11, HON went on to exceed the February 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 HON should exceed 179.76(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 198.81(Average Objective).
May Soybeans(CBOT): The SK7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 734.50(Prev Close), the market ended February at 787.50(Month Close), that being 73%(Pct Range) off of 734.50(Month Low) to 807.50(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the May Soybeans(CBOT) also closed higher in February than January in 20(Cond Years) of those years. Of those 20, SK went on to exceed the February high within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the SK should exceed 807.50(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 885.10(Average Objective).
July Soybeans(CBOT): The SN7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 747.75(Prev Close), the market ended February at 802.50(Month Close), that being 74%(Pct Range) off of 747.75(Month Low) to 822.00(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Soybeans(CBOT) also closed higher in February than January in 22(Cond Years) of those years. Of those 22, SN went on to exceed the February high within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the SN should exceed 822.00(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 893.76(Average Objective).
August Soybeans(CBOT): The SQ7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 753.00(Prev Close), the market ended February at 807.50(Month Close), that being 74%(Pct Range) off of 755.00(Month Low) to 826.00(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the August Soybeans(CBOT) also closed higher in February than January in 22(Cond Years) of those years. Of those 22, SQ went on to exceed the February high within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the SQ should exceed 826.00(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 897.36(Average Objective).
November Soybeans(CBOT): The SX7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 771.00(Prev Close), the market ended February at 824.25(Month Close), that being 74%(Pct Range) off of 770.50(Month Low) to 843.00(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the November Soybeans(CBOT) also closed higher in February than January in 24(Cond Years) of those years. Of those 24, SX 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 SX should exceed 843.00(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 891.10(Average Objective).
May Soybean Oil(CBOT): The BOK7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 29.81(Prev Close), the market ended February at 30.76(Month Close), that being 50%(Pct Range) off of 29.88(Month Low) to 31.65(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the May Soybean Oil(CBOT) also closed higher in February than January in 27(Cond Years) of those years. Of those 27, BOK 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 BOK should exceed 31.65(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 34.58(Average Objective).
July Soybean Oil(CBOT): The BON7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 30.26(Prev Close), the market ended February at 31.15(Month Close), that being 43%(Pct Range) off of 30.42(Month Low) to 32.10(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Soybean Oil(CBOT) also closed higher in February than January in 27(Cond Years) of those years. Of those 27, BON went on to exceed the February high within the next 2 months in 24 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the BON should exceed 32.10(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 35.04(Average Objective).
December Soybean Oil(CBOT): The BOZ7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 31.23(Prev Close), the market ended February at 32.23(Month Close), that being 53%(Pct Range) off of 31.27(Month Low) to 33.07(Month High).

In comparing the January/February closes for each of the last 43 years(Total Years), Scenario found that the December Soybean Oil(CBOT) also closed higher in February than January in 25(Cond Years) of those years. Of those 25, BOZ 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 BOZ should exceed 33.07(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 35.55(Average Objective).
May Soybean Meal(CBOT): The SMK7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 212.50(Prev Close), the market ended February at 230.70(Month Close), that being 65%(Pct Range) off of 212.50(Month Low) to 240.50(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the May Soybean Meal(CBOT) also closed higher in February than January in 18(Cond Years) of those years. Of those 18, SMK went on to exceed the February high within the next 2 months in 17 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the SMK should exceed 240.50(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 266.53(Average Objective).
July Soybean Meal(CBOT): The SMN7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 217.10(Prev Close), the market ended February at 236.10(Month Close), that being 68%(Pct Range) off of 217.00(Month Low) to 245.20(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Soybean Meal(CBOT) also closed higher in February than January in 18(Cond Years) of those years. Of those 18, SMN went on to exceed the February high within the next 2 months in 17 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the SMN should exceed 245.20(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 269.31(Average Objective).
May Wheat(MGE): The MWK7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 508.00(Prev Close), the market ended February at 520.00(Month Close), that being 65%(Pct Range) off of 494.50(Month Low) to 534.00(Month High).

In comparing the January/February closes for each of the last 26 years(Total Years), Scenario found that the May Wheat(MGE) also closed higher in February than January in 9(Cond Years) of those years. Of those 9, MWK went on to exceed the February 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 MWK should exceed 534.00(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 576.51(Average Objective).
July Rough Rice(CBOT): The RRN7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 10.68(Prev Close), the market ended February at 10.80(Month Close), that being 58%(Pct Range) off of 10.52(Month Low) to 11.00(Month High).

In comparing the January/February closes for each of the last 17 years(Total Years), Scenario found that the July Rough Rice(CBOT) also closed higher in February than January in 4(Cond Years) of those years. Of those 4, RRN went on to exceed the February high within the next 2 months in 4 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the RRN should exceed 11.00(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 4 years) a potential move toward 12.24(Average Objective).
June Live Cattle(CME): The LCM7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 89.850(Prev Close), the market ended February at 95.500(Month Close), that being 90%(Pct Range) off of 89.350(Month Low) to 96.150(Month High).

In comparing the January/February closes for each of the last 42 years(Total Years), Scenario found that the June Live Cattle(CME) also closed higher in February than January in 23(Cond Years) of those years. Of those 23, LCM 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 LCM should exceed 96.150(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 102.101(Average Objective).
August Live Cattle(CME): The LCQ7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 88.000(Prev Close), the market ended February at 92.500(Month Close), that being 87%(Pct Range) off of 87.650(Month Low) to 93.250(Month High).

In comparing the January/February closes for each of the last 41 years(Total Years), Scenario found that the August Live Cattle(CME) also closed higher in February than January in 19(Cond Years) of those years. Of those 19, LCQ went on to exceed the February high within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the LCQ should exceed 93.250(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 98.400(Average Objective).
June Lean Hogs(CME): The LEM7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 77.350(Prev Close), the market ended February at 78.050(Month Close), that being 78%(Pct Range) off of 75.550(Month Low) to 78.750(Month High).

In comparing the January/February closes for each of the last 37 years(Total Years), Scenario found that the June Lean Hogs(CME) also closed higher in February than January in 18(Cond Years) of those years. Of those 18, LEM went on to exceed the February high within the next 2 months in 17 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the LEM should exceed 78.750(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 85.481(Average Objective).
July Lean Hogs(CME): The LEN7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 76.075(Prev Close), the market ended February at 78.100(Month Close), that being 94%(Pct Range) off of 74.800(Month Low) to 78.300(Month High).

In comparing the January/February closes for each of the last 37 years(Total Years), Scenario found that the July Lean Hogs(CME) also closed higher in February than January in 17(Cond Years) of those years. Of those 17, LEN 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 LEN should exceed 78.300(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 85.358(Average Objective).
October Lean Hogs(CME): The LEV7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 66.300(Prev Close), the market ended February at 69.900(Month Close), that being 91%(Pct Range) off of 65.950(Month Low) to 70.300(Month High).

In comparing the January/February closes for each of the last 37 years(Total Years), Scenario found that the October Lean Hogs(CME) also closed higher in February than January in 15(Cond Years) of those years. Of those 15, LEV went on to exceed the February high within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the LEV should exceed 70.300(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 75.907(Average Objective).
May Pork Bellies(CME): The PBK7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 102.800(Prev Close), the market ended February at 104.100(Month Close), that being 30%(Pct Range) off of 102.100(Month Low) to 108.875(Month High).

In comparing the January/February closes for each of the last 42 years(Total Years), Scenario found that the May Pork Bellies(CME) also closed higher in February than January in 17(Cond Years) of those years. Of those 17, PBK went on to exceed the February 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 PBK should exceed 108.875(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 123.080(Average Objective).
July Pork Bellies(CME): The PBN7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 102.800(Prev Close), the market ended February at 105.150(Month Close), that being 43%(Pct Range) off of 102.500(Month Low) to 108.600(Month High).

In comparing the January/February closes for each of the last 42 years(Total Years), Scenario found that the July Pork Bellies(CME) also closed higher in February than January in 17(Cond Years) of those years. Of those 17, PBN went on to exceed the February 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 PBN should exceed 108.600(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 122.251(Average Objective).
July Orange Juice(NYBOT): The JON7(Mkt) ended Higher(Cond) for February(Month). Compared to January's 180.70(Prev Close), the market ended February at 194.70(Month Close), that being 80%(Pct Range) off of 181.20(Month Low) to 198.00(Month High).

In comparing the January/February closes for each of the last 39 years(Total Years), Scenario found that the July Orange Juice(NYBOT) also closed higher in February than January in 16(Cond Years) of those years. Of those 16, JON went on to exceed the February 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 JON should exceed 198.00(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 215.22(Average Objective).
May Cotton(NYBOT): The CTK7(Mkt) ended Lower(Cond) for February(Month). Compared to January's 55.11(Prev Close), the market ended February at 53.82(Month Close), that being 58%(Pct Range) off of 51.50(Month Low) to 55.50(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the May Cotton(NYBOT) also closed lower in February than January in 21(Cond Years) of those years. Of those 21, CTK went on to penetrate the February low within the next 2 months in 18 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the CTK should penetrate 51.50(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 48.16(Average Objective).

Moore Research Center, Inc.

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