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 Apr 30, 2009

Historical Data

Scenario Data

Current Market Data

Mkt

Cond

Month

Prev
Close

Month
High

Month
Low

Month
Close

Pct
Range

Total
Years

Cond
Years

Action
Years

Pct

Scenario
Objective

Average
Objective

Last
Price

#DJ

Higher

Apr

7609.00

8308.00

7484.00

8168.00

83%

89%

8308.00

8650.53

8168.00

#OEX

Higher

Apr

377.35

413.00

370.90

406.00

83%

100%

413.00

431.71

406.00

#NDX

Higher

Apr

1237.00

1418.80

1211.60

1394.30

88%

100%

1418.80

1541.60

1394.30

#COMPX

Higher

Apr

1528.60

1694.30

1551.60

1673.80

86%

88%

Yes

1823.41

1673.80

#RUT

Higher

Apr

422.75

501.45

412.75

487.55

84%

501.45

534.60

487.55

#MID

Higher

Apr

489.00

574.30

476.40

561.15

87%

89%

574.30

610.11

561.15

#VLE

Higher

Apr

1296.90

1632.20

1269.50

1595.10

90%

93%

1632.20

1725.56

1595.10

#SSNI

Higher

Apr

8110

9030

8085

8828

79%

94%

9030

9422

8828

#SP

Higher

Apr

797.85

888.70

783.30

872.80

85%

87%

888.70

925.48

872.80

SPU9

Higher

Apr

791.30

878.10

776.30

866.00

88%

100%

878.10

914.70

866.00

NDU9

Higher

Apr

1237.00

1392.50

1250.00

1392.50

100%

1392.50

1509.30

1392.50

USU9

Lower

Apr

128~13

129~13

120~23

121~06

88%

120~23

116~12

121~06

TYU9

Lower

Apr

122~150

122~215

118~310

119~100

86%

118~310

115~264

119~100

EDU9

Higher

Apr

98.905

99.015

98.780

99.005

96%

87%

99.015

99.591

99.005

CDU9

Higher

Apr

79.53

84.35

78.88

83.92

92%

85%

84.35

85.81

83.92

ADU9

Higher

Apr

68.92

73.16

68.11

72.36

84%

93%

73.16

75.80

72.36

GCQ9

Lower

Apr

926.7

937.6

867.5

892.8

36%

85%

867.5

831.5

892.8

PAU9

Lower

Apr

219.80

243.60

213.10

219.30

20%

84%

213.10

189.82

219.30

HOQ9

Lower

Apr

145.39

155.19

135.37

140.40

25%

88%

135.37

126.62

140.40

NGQ9

Lower

Apr

4.161

4.233

3.520

3.638

17%

86%

3.520

2.974

3.638

NGU9

Lower

Apr

4.220

4.272

3.596

3.717

18%

86%

3.596

3.084

3.717

BOV9

Higher

Apr

34.38

38.02

34.11

36.97

73%

86%

38.02

42.06

36.97

BOZ9

Higher

Apr

34.70

38.41

34.28

37.27

72%

86%

38.41

42.46

37.27

CN9

Lower

Apr

414.75

417.50

370.00

403.50

71%

89%

370.00

338.20

403.50

CU9

Lower

Apr

424.00

426.25

379.25

412.50

71%

89%

379.25

345.76

412.50

WN9

Lower

Apr

545.25

584.50

512.50

536.50

33%

85%

512.50

473.22

536.50

KWZ9

Lower

Apr

611.25

650.00

589.25

610.75

35%

88%

589.25

559.15

610.75

OZ9

Lower

Apr

226.00

233.75

210.00

225.50

65%

92%

210.00

191.94

225.50

LEN9

Lower

Apr

72.300

75.800

66.750

67.300

100%

66.750

62.165

67.300

LEQ9

Lower

Apr

73.385

75.600

66.900

68.975

24%

100%

66.900

61.965

68.975

LEV9

Lower

Apr

66.800

67.900

60.735

62.685

27%

92%

60.735

56.160

62.685

PBN9

Lower

Apr

83.550

90.230

74.800

75.135

91%

74.800

61.988

75.135

PBQ9

Lower

Apr

83.500

88.050

75.100

75.550

86%

75.100

62.419

75.550

KCU9

Lower

Apr

119.75

124.55

115.00

118.10

32%

88%

115.00

100.02

118.10

DJIA Index: The #DJ(Mkt) ended Higher(Cond) for April(Month). Compared to March's 7609.00(Prev Close), the market ended April at 8168.00(Month Close), that being 83%(Pct Range) off of 7484.00(Month Low) to 8308.00(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in April than March in 27(Cond Years) of those years. Of those 27, the #DJ went on to exceed the April 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 the #DJ should exceed 8308.00(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 8650.53(Average Objective).
S & P 100(OEX): The #OEX(Mkt) ended Higher(Cond) for April(Month). Compared to March's 377.35(Prev Close), the market ended April at 406.00(Month Close), that being 83%(Pct Range) off of 370.90(Month Low) to 413.00(Month High).

In comparing the March/April closes for each of the last 25 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in April than March in 16(Cond Years) of those years. Of those 16, the #OEX went on to exceed the April high within the next 2 months in 16 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #OEX should exceed 413.00(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 431.71(Average Objective).
NASDAQ 100 Index: The #NDX(Mkt) ended Higher(Cond) for April(Month). Compared to March's 1237.00(Prev Close), the market ended April at 1394.30(Month Close), that being 88%(Pct Range) off of 1211.60(Month Low) to 1418.80(Month High).

In comparing the March/April closes for each of the last 23 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in April than March in 12(Cond Years) of those years. Of those 12, the #NDX went on to exceed the April 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 1418.80(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 1541.60(Average Objective).
NASDAQ Composite Index: The #COMPX(Mkt) ended Higher(Cond) for April(Month). Compared to March's 1528.60(Prev Close), the market ended April at 1673.80(Month Close), that being 86%(Pct Range) off of 1551.60(Month Low) to 1694.30(Month High).

In comparing the March/April closes for each of the last 13 years(Total Years), Scenario found that the NASDAQ Composite Index also closed higher in April than March in 8(Cond Years) of those years. Of those 8, the #COMPX went on to exceed the April high within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #COMPX should exceed 1694.30(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 1823.41(Average Objective).
Russell 2000 Index: The #RUT(Mkt) ended Higher(Cond) for April(Month). Compared to March's 422.75(Prev Close), the market ended April at 487.55(Month Close), that being 84%(Pct Range) off of 412.75(Month Low) to 501.45(Month High).

In comparing the March/April closes for each of the last 30 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in April than March in 19(Cond Years) of those years. Of those 19, the #RUT went on to exceed the April 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 the #RUT should exceed 501.45(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 534.60(Average Objective).
S & P Midcap 400 Index: The #MID(Mkt) ended Higher(Cond) for April(Month). Compared to March's 489.00(Prev Close), the market ended April at 561.15(Month Close), that being 87%(Pct Range) off of 476.40(Month Low) to 574.30(Month High).

In comparing the March/April closes for each of the last 28 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed higher in April than March in 18(Cond Years) of those years. Of those 18, the #MID went on to exceed the April 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 #MID should exceed 574.30(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 610.11(Average Objective).
Value Line Index: The #VLE(Mkt) ended Higher(Cond) for April(Month). Compared to March's 1296.90(Prev Close), the market ended April at 1595.10(Month Close), that being 90%(Pct Range) off of 1269.50(Month Low) to 1632.20(Month High).

In comparing the March/April closes for each of the last 26 years(Total Years), Scenario found that the Value Line Index also closed higher in April than March in 15(Cond Years) of those years. Of those 15, the #VLE went on to exceed the April high 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 #VLE should exceed 1632.20(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 1725.56(Average Objective).
Nikkei 225 Index: The #SSNI(Mkt) ended Higher(Cond) for April(Month). Compared to March's 8110(Prev Close), the market ended April at 8828(Month Close), that being 79%(Pct Range) off of 8085(Month Low) to 9030(Month High).

In comparing the March/April closes for each of the last 27 years(Total Years), Scenario found that the Nikkei 225 Index also closed higher in April than March in 17(Cond Years) of those years. Of those 17, the #SSNI went on to exceed the April 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 the #SSNI should exceed 9030(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 9422(Average Objective).
S & P 500 Stock Index: The #SP(Mkt) ended Higher(Cond) for April(Month). Compared to March's 797.85(Prev Close), the market ended April at 872.80(Month Close), that being 85%(Pct Range) off of 783.30(Month Low) to 888.70(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in April than March in 31(Cond Years) of those years. Of those 31, the #SP went on to exceed the April high within the next 2 months in 27 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the the #SP should exceed 888.70(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 925.48(Average Objective).
September S & P 500(CME): The SPU9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 791.30(Prev Close), the market ended April at 866.00(Month Close), that being 88%(Pct Range) off of 776.30(Month Low) to 878.10(Month High).

In comparing the March/April closes for each of the last 26 years(Total Years), Scenario found that the September S & P 500(CME) also closed higher in April than March in 16(Cond Years) of those years. Of those 16, SPU went on to exceed the April high within the next 2 months in 16 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the SPU should exceed 878.10(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 914.70(Average Objective).
September NASDAQ 100(CME): The NDU9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 1237.00(Prev Close), the market ended April at 1392.50(Month Close), that being 100%(Pct Range) off of 1250.00(Month Low) to 1392.50(Month High).

In comparing the March/April closes for each of the last 12 years(Total Years), Scenario found that the September NASDAQ 100(CME) also closed higher in April than March in 7(Cond Years) of those years. Of those 7, NDU went on to exceed the April 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 NDU should exceed 1392.50(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 1509.30(Average Objective).
September 30-Year T-Bonds(CBOT): The USU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 128~13(Prev Close), the market ended April at 121~06(Month Close), that being 5%(Pct Range) off of 120~23(Month Low) to 129~13(Month High).

In comparing the March/April closes for each of the last 31 years(Total Years), Scenario found that the September 30-Year T-Bonds(CBOT) also closed lower in April than March in 17(Cond Years) of those years. Of those 17, USU went on to penetrate the April low within the next 2 months in 15 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the USU should penetrate 120~23(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 116~12(Average Objective).
September 10-Year T-Notes(CBOT): The TYU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 122~150(Prev Close), the market ended April at 119~100(Month Close), that being 9%(Pct Range) off of 118~310(Month Low) to 122~215(Month High).

In comparing the March/April closes for each of the last 26 years(Total Years), Scenario found that the September 10-Year T-Notes(CBOT) also closed lower in April than March in 14(Cond Years) of those years. Of those 14, TYU went on to penetrate the April low within the next 2 months in 12 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the TYU should penetrate 118~310(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 115~264(Average Objective).
September Eurodollars(CME): The EDU9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 98.905(Prev Close), the market ended April at 99.005(Month Close), that being 96%(Pct Range) off of 98.780(Month Low) to 99.015(Month High).

In comparing the March/April closes for each of the last 27 years(Total Years), Scenario found that the September Eurodollars(CME) also closed higher in April than March in 15(Cond Years) of those years. Of those 15, EDU went on to exceed the April 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 EDU should exceed 99.015(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 99.591(Average Objective).
September Canadian Dollar(CME): The CDU9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 79.53(Prev Close), the market ended April at 83.92(Month Close), that being 92%(Pct Range) off of 78.88(Month Low) to 84.35(Month High).

In comparing the March/April closes for each of the last 32 years(Total Years), Scenario found that the September Canadian Dollar(CME) also closed higher in April than March in 20(Cond Years) of those years. Of those 20, CDU went on to exceed the April high within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the CDU should exceed 84.35(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 85.81(Average Objective).
September Australian Dollar(CME): The ADU9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 68.92(Prev Close), the market ended April at 72.36(Month Close), that being 84%(Pct Range) off of 68.11(Month Low) to 73.16(Month High).

In comparing the March/April closes for each of the last 22 years(Total Years), Scenario found that the September Australian Dollar(CME) also closed higher in April than March in 15(Cond Years) of those years. Of those 15, ADU went on to exceed the April high within the next 2 months in 14 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the ADU should exceed 73.16(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 75.80(Average Objective).
August Gold(CMX): The GCQ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 926.7(Prev Close), the market ended April at 892.8(Month Close), that being 36%(Pct Range) off of 867.5(Month Low) to 937.6(Month High).

In comparing the March/April closes for each of the last 34 years(Total Years), Scenario found that the August Gold(CMX) also closed lower in April than March in 20(Cond Years) of those years. Of those 20, GCQ went on to penetrate the April 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 GCQ should penetrate 867.5(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 831.5(Average Objective).
September Palladium(NYMEX): The PAU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 219.80(Prev Close), the market ended April at 219.30(Month Close), that being 20%(Pct Range) off of 213.10(Month Low) to 243.60(Month High).

In comparing the March/April closes for each of the last 32 years(Total Years), Scenario found that the September Palladium(NYMEX) also closed lower in April than March in 19(Cond Years) of those years. Of those 19, PAU went on to penetrate the April low within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the PAU should penetrate 213.10(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 189.82(Average Objective).
August Heating Oil(NYM): The HOQ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 145.39(Prev Close), the market ended April at 140.40(Month Close), that being 25%(Pct Range) off of 135.37(Month Low) to 155.19(Month High).

In comparing the March/April closes for each of the last 29 years(Total Years), Scenario found that the August Heating Oil(NYM) also closed lower in April than March in 8(Cond Years) of those years. Of those 8, HOQ went on to penetrate the April 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 HOQ should penetrate 135.37(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 126.62(Average Objective).
August Natural Gas(NYM): The NGQ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 4.161(Prev Close), the market ended April at 3.638(Month Close), that being 17%(Pct Range) off of 3.520(Month Low) to 4.233(Month High).

In comparing the March/April closes for each of the last 18 years(Total Years), Scenario found that the August Natural Gas(NYM) also closed lower in April than March in 7(Cond Years) of those years. Of those 7, NGQ went on to penetrate the April 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 NGQ should penetrate 3.520(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 2.974(Average Objective).
September Natural Gas(NYM): The NGU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 4.220(Prev Close), the market ended April at 3.717(Month Close), that being 18%(Pct Range) off of 3.596(Month Low) to 4.272(Month High).

In comparing the March/April closes for each of the last 18 years(Total Years), Scenario found that the September Natural Gas(NYM) also closed lower in April than March in 7(Cond Years) of those years. Of those 7, NGU went on to penetrate the April 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 NGU should penetrate 3.596(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 3.084(Average Objective).
October Soybean Oil(CBOT): The BOV9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 34.38(Prev Close), the market ended April at 36.97(Month Close), that being 73%(Pct Range) off of 34.11(Month Low) to 38.02(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the October Soybean Oil(CBOT) also closed higher in April than March in 28(Cond Years) of those years. Of those 28, BOV went on to exceed the April high within the next 2 months in 24 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the BOV should exceed 38.02(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 42.06(Average Objective).
December Soybean Oil(CBOT): The BOZ9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 34.70(Prev Close), the market ended April at 37.27(Month Close), that being 72%(Pct Range) off of 34.28(Month Low) to 38.41(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the December Soybean Oil(CBOT) also closed higher in April than March in 28(Cond Years) of those years. Of those 28, BOZ went on to exceed the April high within the next 2 months in 24 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the BOZ should exceed 38.41(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 42.46(Average Objective).
July Corn(CBOT): The CN9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 414.75(Prev Close), the market ended April at 403.50(Month Close), that being 71%(Pct Range) off of 370.00(Month Low) to 417.50(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the July Corn(CBOT) also closed lower in April than March in 28(Cond Years) of those years. Of those 28, CN went on to penetrate the April low within the next 2 months in 25 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the CN should penetrate 370.00(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 338.20(Average Objective).
September Corn(CBOT): The CU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 424.00(Prev Close), the market ended April at 412.50(Month Close), that being 71%(Pct Range) off of 379.25(Month Low) to 426.25(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the September Corn(CBOT) also closed lower in April than March in 27(Cond Years) of those years. Of those 27, CU went on to penetrate the April 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 CU should penetrate 379.25(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 345.76(Average Objective).
July Wheat(CBOT): The WN9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 545.25(Prev Close), the market ended April at 536.50(Month Close), that being 33%(Pct Range) off of 512.50(Month Low) to 584.50(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the July Wheat(CBOT) also closed lower in April than March in 26(Cond Years) of those years. Of those 26, WN went on to penetrate the April low within the next 2 months in 22 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the WN should penetrate 512.50(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 473.22(Average Objective).
December Wheat(KCBT): The KWZ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 611.25(Prev Close), the market ended April at 610.75(Month Close), that being 35%(Pct Range) off of 589.25(Month Low) to 650.00(Month High).

In comparing the March/April closes for each of the last 32 years(Total Years), Scenario found that the December Wheat(KCBT) also closed lower in April than March in 17(Cond Years) of those years. Of those 17, KWZ went on to penetrate the April low within the next 2 months in 15 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the KWZ should penetrate 589.25(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 559.15(Average Objective).
December Oats(CBOT): The OZ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 226.00(Prev Close), the market ended April at 225.50(Month Close), that being 65%(Pct Range) off of 210.00(Month Low) to 233.75(Month High).

In comparing the March/April closes for each of the last 34 years(Total Years), Scenario found that the December Oats(CBOT) also closed lower in April than March in 13(Cond Years) of those years. Of those 13, OZ went on to penetrate the April 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 OZ should penetrate 210.00(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 191.94(Average Objective).
July Lean Hogs(CME): The LEN9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 72.300(Prev Close), the market ended April at 67.300(Month Close), that being 6%(Pct Range) off of 66.750(Month Low) to 75.800(Month High).

In comparing the March/April closes for each of the last 39 years(Total Years), Scenario found that the July Lean Hogs(CME) also closed lower in April than March in 11(Cond Years) of those years. Of those 11, LEN went on to penetrate the April 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 LEN should penetrate 66.750(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 62.165(Average Objective).
August Lean Hogs(CME): The LEQ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 73.385(Prev Close), the market ended April at 68.975(Month Close), that being 24%(Pct Range) off of 66.900(Month Low) to 75.600(Month High).

In comparing the March/April closes for each of the last 39 years(Total Years), Scenario found that the August Lean Hogs(CME) also closed lower in April than March in 10(Cond Years) of those years. Of those 10, LEQ went on to penetrate the April 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 LEQ should penetrate 66.900(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 61.965(Average Objective).
October Lean Hogs(CME): The LEV9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 66.800(Prev Close), the market ended April at 62.685(Month Close), that being 27%(Pct Range) off of 60.735(Month Low) to 67.900(Month High).

In comparing the March/April closes for each of the last 39 years(Total Years), Scenario found that the October Lean Hogs(CME) also closed lower in April than March in 12(Cond Years) of those years. Of those 12, LEV went on to penetrate the April 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 LEV should penetrate 60.735(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 56.160(Average Objective).
July Pork Bellies(CME): The PBN9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 83.550(Prev Close), the market ended April at 75.135(Month Close), that being 2%(Pct Range) off of 74.800(Month Low) to 90.230(Month High).

In comparing the March/April closes for each of the last 44 years(Total Years), Scenario found that the July Pork Bellies(CME) also closed lower in April than March in 22(Cond Years) of those years. Of those 22, PBN went on to penetrate the April low within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the PBN should penetrate 74.800(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 61.988(Average Objective).
August Pork Bellies(CME): The PBQ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 83.500(Prev Close), the market ended April at 75.550(Month Close), that being 3%(Pct Range) off of 75.100(Month Low) to 88.050(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the August Pork Bellies(CME) also closed lower in April than March in 22(Cond Years) of those years. Of those 22, PBQ went on to penetrate the April low within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the PBQ should penetrate 75.100(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 62.419(Average Objective).
September Coffee "C"(ICE): The KCU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 119.75(Prev Close), the market ended April at 118.10(Month Close), that being 32%(Pct Range) off of 115.00(Month Low) to 124.55(Month High).

In comparing the March/April closes for each of the last 35 years(Total Years), Scenario found that the September Coffee "C"(ICE) also closed lower in April than March in 17(Cond Years) of those years. Of those 17, KCU went on to penetrate the April low within the next 2 months in 15 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the KCU should penetrate 115.00(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 100.02(Average Objective).

Moore Research Center, Inc.

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