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 Jul 31, 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

#DJ

Lower

Jul

13409.00

14022.00

13200.00

13212.00

86%

13200.00

10624.19

13212.00

#TRAN

Lower

Jul

5098.90

5487.10

5016.90

5030.00

95%

5016.90

3745.40

5030.00

#UTIL

Lower

Jul

498.17

521.31

469.66

479.36

19%

87%

469.66

416.18

479.36

#OEX

Lower

Jul

692.55

720.25

675.25

675.40

85%

675.25

518.83

675.40

#NDX

Lower

Jul

1934.10

2060.30

1932.00

1932.10

100%

1932.00

1449.52

1932.10

#RUT

Lower

Jul

833.70

856.50

770.60

776.10

93%

770.60

593.24

776.10

#MID

Lower

Jul

895.50

926.65

854.00

856.35

94%

854.00

665.46

856.35

#SSNI

Lower

Jul

18138

18295

17043

17249

16%

100%

17043

14060

17249

#SP

Lower

Jul

1503.35

1555.90

1454.25

1455.25

92%

1454.25

1169.94

1455.25

USZ7

Higher

Jul

107~18

110~08

105~29

109~31

94%

100%

110~08

114~21

109~31

TYZ7

Higher

Jul

105~150

107~220

104~080

107~085

88%

100%

107~220

110~259

107~085

EDZ7

Higher

Jul

94.715

94.935

94.635

94.905

90%

100%

94.935

95.448

94.905

EDH8

Higher

Jul

94.790

95.095

94.645

95.060

92%

86%

95.095

95.792

95.060

SFZ7

Higher

Jul

82.82

84.27

83.02

83.97

76%

92%

84.27

88.73

83.97

ADZ7

Higher

Jul

84.36

88.05

84.83

85.21

12%

100%

88.05

90.04

85.21

DXZ7

Lower

Jul

81.470

81.290

79.730

80.460

47%

89%

79.730

77.603

80.460

CLX7

Higher

Jul

71.24

76.90

71.35

76.82

99%

88%

76.90

84.69

76.82

CLZ7

Higher

Jul

71.44

76.05

70.89

76.05

100%

88%

76.05

83.37

76.05

CLF8

Higher

Jul

71.63

75.40

71.45

75.40

100%

88%

75.40

82.20

75.40

NGZ7

Lower

Jul

8.573

8.643

8.028

8.294

43%

86%

8.028

7.321

8.294

NGF8

Lower

Jul

8.933

9.028

8.430

8.694

44%

86%

8.430

7.844

8.694

WZ7

Higher

Jul

610.50

678.00

588.00

649.00

68%

86%

678.00

755.80

649.00

RRX7

Lower

Jul

11.00

11.02

10.47

10.77

54%

90%

10.47

9.49

10.77

RRF8

Lower

Jul

11.27

11.25

10.82

11.10

65%

90%

10.82

9.90

11.10

LCV7

Higher

Jul

94.730

100.000

94.100

99.950

99%

92%

100.000

104.661

99.950

FCV7

Higher

Jul

111.900

118.980

111.250

118.885

99%

86%

118.980

124.544

118.885

FCX7

Higher

Jul

112.150

118.000

111.350

117.950

99%

90%

118.000

123.739

117.950

LEV7

Higher

Jul

64.135

75.400

63.485

75.200

98%

90%

75.400

81.631

75.200

KCZ7

Higher

Jul

116.70

120.00

113.00

118.30

76%

90%

120.00

129.36

118.30

DJIA Index: The #DJ(Mkt) ended Lower(Cond) for July(Month). Compared to June's 13409.00(Prev Close), the market ended July at 13212.00(Month Close), that being 1%(Pct Range) off of 13200.00(Month Low) to 14022.00(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed lower in July than June in 21(Cond Years) of those years. Of those 21, the #DJ went on to penetrate the July 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 the #DJ should penetrate 13200.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 10624.19(Average Objective).
Dow Jones Transportation: The #TRAN(Mkt) ended Lower(Cond) for July(Month). Compared to June's 5098.90(Prev Close), the market ended July at 5030.00(Month Close), that being 3%(Pct Range) off of 5016.90(Month Low) to 5487.10(Month High).

In comparing the June/July closes for each of the last 37 years(Total Years), Scenario found that the Dow Jones Transportation also closed lower in July than June in 20(Cond Years) of those years. Of those 20, the #TRAN went on to penetrate the July low within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the the #TRAN should penetrate 5016.90(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 3745.40(Average Objective).
Dow Jones Utilities: The #UTIL(Mkt) ended Lower(Cond) for July(Month). Compared to June's 498.17(Prev Close), the market ended July at 479.36(Month Close), that being 19%(Pct Range) off of 469.66(Month Low) to 521.31(Month High).

In comparing the June/July closes for each of the last 37 years(Total Years), Scenario found that the Dow Jones Utilities also closed lower in July than June in 15(Cond Years) of those years. Of those 15, the #UTIL went on to penetrate the July low within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the the #UTIL should penetrate 469.66(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 416.18(Average Objective).
S & P 100(OEX): The #OEX(Mkt) ended Lower(Cond) for July(Month). Compared to June's 692.55(Prev Close), the market ended July at 675.40(Month Close), that being 0%(Pct Range) off of 675.25(Month Low) to 720.25(Month High).

In comparing the June/July closes for each of the last 24 years(Total Years), Scenario found that the S & P 100(OEX) also closed lower in July than June in 13(Cond Years) of those years. Of those 13, the #OEX went on to penetrate the July 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 the #OEX should penetrate 675.25(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 518.83(Average Objective).
NASDAQ 100 Index: The #NDX(Mkt) ended Lower(Cond) for July(Month). Compared to June's 1934.10(Prev Close), the market ended July at 1932.10(Month Close), that being 0%(Pct Range) off of 1932.00(Month Low) to 2060.30(Month High).

In comparing the June/July closes for each of the last 21 years(Total Years), Scenario found that the NASDAQ 100 Index also closed lower in July than June in 11(Cond Years) of those years. Of those 11, the #NDX went on to penetrate the July low within the next 2 months in 11 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #NDX should penetrate 1932.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 1449.52(Average Objective).
Russell 2000 Index: The #RUT(Mkt) ended Lower(Cond) for July(Month). Compared to June's 833.70(Prev Close), the market ended July at 776.10(Month Close), that being 6%(Pct Range) off of 770.60(Month Low) to 856.50(Month High).

In comparing the June/July closes for each of the last 28 years(Total Years), Scenario found that the Russell 2000 Index also closed lower in July than June in 15(Cond Years) of those years. Of those 15, the #RUT went on to penetrate the July 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 the #RUT should penetrate 770.60(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 593.24(Average Objective).
S & P Midcap 400 Index: The #MID(Mkt) ended Lower(Cond) for July(Month). Compared to June's 895.50(Prev Close), the market ended July at 856.35(Month Close), that being 3%(Pct Range) off of 854.00(Month Low) to 926.65(Month High).

In comparing the June/July closes for each of the last 26 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed lower in July than June in 16(Cond Years) of those years. Of those 16, the #MID went on to penetrate the July low 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 penetrate 854.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 665.46(Average Objective).
Nikkei 225 Index: The #SSNI(Mkt) ended Lower(Cond) for July(Month). Compared to June's 18138(Prev Close), the market ended July at 17249(Month Close), that being 16%(Pct Range) off of 17043(Month Low) to 18295(Month High).

In comparing the June/July closes for each of the last 25 years(Total Years), Scenario found that the Nikkei 225 Index also closed lower in July than June in 14(Cond Years) of those years. Of those 14, the #SSNI went on to penetrate the July low within the next 2 months in 14 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #SSNI should penetrate 17043(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 14060(Average Objective).
S & P 500 Stock Index: The #SP(Mkt) ended Lower(Cond) for July(Month). Compared to June's 1503.35(Prev Close), the market ended July at 1455.25(Month Close), that being 1%(Pct Range) off of 1454.25(Month Low) to 1555.90(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed lower in July than June in 25(Cond Years) of those years. Of those 25, the #SP went on to penetrate the July 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 the #SP should penetrate 1454.25(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 1169.94(Average Objective).
December 30-Year T-Bonds(CBOT): The USZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 107~18(Prev Close), the market ended July at 109~31(Month Close), that being 94%(Pct Range) off of 105~29(Month Low) to 110~08(Month High).

In comparing the June/July closes for each of the last 29 years(Total Years), Scenario found that the December 30-Year T-Bonds(CBOT) also closed higher in July than June in 15(Cond Years) of those years. Of those 15, USZ went on to exceed the July high within the next 2 months in 15 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the USZ should exceed 110~08(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 114~21(Average Objective).
December 10-Year T-Notes(CBOT): The TYZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 105~150(Prev Close), the market ended July at 107~085(Month Close), that being 88%(Pct Range) off of 104~080(Month Low) to 107~220(Month High).

In comparing the June/July closes for each of the last 25 years(Total Years), Scenario found that the December 10-Year T-Notes(CBOT) also closed higher in July than June in 15(Cond Years) of those years. Of those 15, TYZ went on to exceed the July high within the next 2 months in 15 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the TYZ should exceed 107~220(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 110~259(Average Objective).
December Eurodollars(CME): The EDZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 94.715(Prev Close), the market ended July at 94.905(Month Close), that being 90%(Pct Range) off of 94.635(Month Low) to 94.935(Month High).

In comparing the June/July closes for each of the last 25 years(Total Years), Scenario found that the December Eurodollars(CME) also closed higher in July than June in 15(Cond Years) of those years. Of those 15, EDZ went on to exceed the July high within the next 2 months in 15 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the EDZ should exceed 94.935(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 95.448(Average Objective).
March Eurodollars(CME): The EDH8(Mkt) ended Higher(Cond) for July(Month). Compared to June's 94.790(Prev Close), the market ended July at 95.060(Month Close), that being 92%(Pct Range) off of 94.645(Month Low) to 95.095(Month High).

In comparing the June/July closes for each of the last 25 years(Total Years), Scenario found that the March Eurodollars(CME) also closed higher in July than June in 14(Cond Years) of those years. Of those 14, EDH went on to exceed the July high within the next 2 months in 12 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the EDH should exceed 95.095(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 95.792(Average Objective).
December Swiss Franc(CME): The SFZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 82.82(Prev Close), the market ended July at 83.97(Month Close), that being 76%(Pct Range) off of 83.02(Month Low) to 84.27(Month High).

In comparing the June/July closes for each of the last 32 years(Total Years), Scenario found that the December Swiss Franc(CME) also closed higher in July than June in 12(Cond Years) of those years. Of those 12, SFZ went on to exceed the July 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 SFZ should exceed 84.27(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 88.73(Average Objective).
December Australian Dollar(CME): The ADZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 84.36(Prev Close), the market ended July at 85.21(Month Close), that being 12%(Pct Range) off of 84.83(Month Low) to 88.05(Month High).

In comparing the June/July closes for each of the last 19 years(Total Years), Scenario found that the December Australian Dollar(CME) also closed higher in July than June in 8(Cond Years) of those years. Of those 8, ADZ went on to exceed the July high within the next 2 months in 8 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the ADZ should exceed 88.05(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 90.04(Average Objective).
December US Dollar Index(NYBOT): The DXZ7(Mkt) ended Lower(Cond) for July(Month). Compared to June's 81.470(Prev Close), the market ended July at 80.460(Month Close), that being 47%(Pct Range) off of 79.730(Month Low) to 81.290(Month High).

In comparing the June/July closes for each of the last 21 years(Total Years), Scenario found that the December US Dollar Index(NYBOT) also closed lower in July than June in 9(Cond Years) of those years. Of those 9, DXZ went on to penetrate the July low within the next 2 months in 8 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the DXZ should penetrate 79.730(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 77.603(Average Objective).
November Crude Oil(NYM): The CLX7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 71.24(Prev Close), the market ended July at 76.82(Month Close), that being 99%(Pct Range) off of 71.35(Month Low) to 76.90(Month High).

In comparing the June/July closes for each of the last 24 years(Total Years), Scenario found that the November Crude Oil(NYM) also closed higher in July than June in 16(Cond Years) of those years. Of those 16, CLX went on to exceed the July 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 CLX should exceed 76.90(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 84.69(Average Objective).
December Crude Oil(NYM): The CLZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 71.44(Prev Close), the market ended July at 76.05(Month Close), that being 100%(Pct Range) off of 70.89(Month Low) to 76.05(Month High).

In comparing the June/July closes for each of the last 24 years(Total Years), Scenario found that the December Crude Oil(NYM) also closed higher in July than June in 16(Cond Years) of those years. Of those 16, CLZ went on to exceed the July 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 CLZ should exceed 76.05(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 83.37(Average Objective).
January Crude Oil(NYM): The CLF8(Mkt) ended Higher(Cond) for July(Month). Compared to June's 71.63(Prev Close), the market ended July at 75.40(Month Close), that being 100%(Pct Range) off of 71.45(Month Low) to 75.40(Month High).

In comparing the June/July closes for each of the last 24 years(Total Years), Scenario found that the January Crude Oil(NYM) also closed higher in July than June in 16(Cond Years) of those years. Of those 16, CLF went on to exceed the July 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 CLF should exceed 75.40(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 82.20(Average Objective).
December Natural Gas(NYM): The NGZ7(Mkt) ended Lower(Cond) for July(Month). Compared to June's 8.573(Prev Close), the market ended July at 8.294(Month Close), that being 43%(Pct Range) off of 8.028(Month Low) to 8.643(Month High).

In comparing the June/July closes for each of the last 17 years(Total Years), Scenario found that the December Natural Gas(NYM) also closed lower in July than June in 7(Cond Years) of those years. Of those 7, NGZ went on to penetrate the July low within the next 2 months in 6 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the NGZ should penetrate 8.028(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 7.321(Average Objective).
January Natural Gas(NYM): The NGF8(Mkt) ended Lower(Cond) for July(Month). Compared to June's 8.933(Prev Close), the market ended July at 8.694(Month Close), that being 44%(Pct Range) off of 8.430(Month Low) to 9.028(Month High).

In comparing the June/July closes for each of the last 17 years(Total Years), Scenario found that the January Natural Gas(NYM) also closed lower in July than June in 7(Cond Years) of those years. Of those 7, NGF went on to penetrate the July low within the next 2 months in 6 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the NGF should penetrate 8.430(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 7.844(Average Objective).
December Wheat(CBOT): The WZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 610.50(Prev Close), the market ended July at 649.00(Month Close), that being 68%(Pct Range) off of 588.00(Month Low) to 678.00(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the December Wheat(CBOT) also closed higher in July than June in 22(Cond Years) of those years. Of those 22, WZ went on to exceed the July high within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the WZ should exceed 678.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 755.80(Average Objective).
November Rough Rice(CBOT): The RRX7(Mkt) ended Lower(Cond) for July(Month). Compared to June's 11.00(Prev Close), the market ended July at 10.77(Month Close), that being 54%(Pct Range) off of 10.47(Month Low) to 11.02(Month High).

In comparing the June/July closes for each of the last 20 years(Total Years), Scenario found that the November Rough Rice(CBOT) also closed lower in July than June in 10(Cond Years) of those years. Of those 10, RRX went on to penetrate the July 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 RRX should penetrate 10.47(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 9.49(Average Objective).
January Rough Rice(CBOT): The RRF8(Mkt) ended Lower(Cond) for July(Month). Compared to June's 11.27(Prev Close), the market ended July at 11.10(Month Close), that being 65%(Pct Range) off of 10.82(Month Low) to 11.25(Month High).

In comparing the June/July closes for each of the last 20 years(Total Years), Scenario found that the January Rough Rice(CBOT) also closed lower in July than June in 10(Cond Years) of those years. Of those 10, RRF went on to penetrate the July 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 RRF should penetrate 10.82(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 9.90(Average Objective).
October Live Cattle(CME): The LCV7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 94.730(Prev Close), the market ended July at 99.950(Month Close), that being 99%(Pct Range) off of 94.100(Month Low) to 100.000(Month High).

In comparing the June/July closes for each of the last 42 years(Total Years), Scenario found that the October Live Cattle(CME) also closed higher in July than June in 25(Cond Years) of those years. Of those 25, LCV went on to exceed the July high within the next 2 months in 23 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the LCV should exceed 100.000(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 104.661(Average Objective).
October Feeder Cattle(CME): The FCV7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 111.900(Prev Close), the market ended July at 118.885(Month Close), that being 99%(Pct Range) off of 111.250(Month Low) to 118.980(Month High).

In comparing the June/July closes for each of the last 35 years(Total Years), Scenario found that the October Feeder Cattle(CME) also closed higher in July than June in 21(Cond Years) of those years. Of those 21, FCV went on to exceed the July high within the next 2 months in 18 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the FCV should exceed 118.980(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 124.544(Average Objective).
November Feeder Cattle(CME): The FCX7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 112.150(Prev Close), the market ended July at 117.950(Month Close), that being 99%(Pct Range) off of 111.350(Month Low) to 118.000(Month High).

In comparing the June/July closes for each of the last 35 years(Total Years), Scenario found that the November Feeder Cattle(CME) also closed higher in July than June in 21(Cond Years) of those years. Of those 21, FCX went on to exceed the July high within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the FCX should exceed 118.000(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 123.739(Average Objective).
October Lean Hogs(CME): The LEV7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 64.135(Prev Close), the market ended July at 75.200(Month Close), that being 98%(Pct Range) off of 63.485(Month Low) to 75.400(Month High).

In comparing the June/July closes for each of the last 37 years(Total Years), Scenario found that the October Lean Hogs(CME) also closed higher in July than June in 20(Cond Years) of those years. Of those 20, LEV went on to exceed the July 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 LEV should exceed 75.400(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 81.631(Average Objective).
December Coffee "C"(NYBOT): The KCZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 116.70(Prev Close), the market ended July at 118.30(Month Close), that being 76%(Pct Range) off of 113.00(Month Low) to 120.00(Month High).

In comparing the June/July closes for each of the last 33 years(Total Years), Scenario found that the December Coffee "C"(NYBOT) also closed higher in July than June in 10(Cond Years) of those years. Of those 10, KCZ went on to exceed the July 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 KCZ should exceed 120.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 129.36(Average Objective).

Moore Research Center, Inc.

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