MRCI's Scenario Summary

MRCI Logo

MRCI's Scenario^SM Summary

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved.

Some data provided by Prophetfinance.com

Scenario^SM Summary Sep 30, 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

#TRAN Higher Sep 3667.20 4055.60 3571.70 3799.80 47% 39 14 14 100% 4055.60 4367.61 3799.80

#UTIL Higher Sep 373.35 385.91 365.79 377.23 57% 39 20 18 90% 385.91 406.78 377.23

#OEX Higher Sep 474.75 499.00 461.95 488.35 71% 26 9 9 100% 499.00 523.39 488.35

#NDX Higher Sep 1625.20 1754.50 1585.60 1719.00 79% 23 14 14 100% 1754.50 1900.34 1719.00

#RUT Higher Sep 572.05 625.30 552.25 604.30 71% 30 15 13 87% 625.30 662.82 604.30

#MID Higher Sep 654.55 710.20 633.40 691.00 75% 28 14 12 86% 710.20 750.64 691.00

#VLE Higher Sep 2016.90 2210.50 1952.50 2149.40 76% 26 12 11 92% 2210.50 2313.15 2149.40

#SP Higher Sep 1020.60 1080.15 991.95 1057.10 74% 45 20 18 90% 1080.15 1140.48 1057.10

SPZ9 Higher Sep 1015.20 1075.50 987.00 1052.90 74% 27 11 11 100% 1075.50 1125.38 1052.90

SPH0 Higher Sep 1010.80 1070.90 983.80 1048.40 74% 27 12 12 100% 1070.90 1118.81 1048.40

NDZ9 Higher Sep 1622.80 1754.00 1590.50 1717.50 78% 13 8 8 100% 1754.00 1933.06 1717.50

USZ9 Higher Sep 119~12 121~27 117~09 121~12 90% 32 17 15 88% 121~27 126~15 121~12

USH0 Higher Sep 118~14 121~01 117~01 120~21 91% 32 17 15 88% 121~01 125~08 120~21

TYZ9 Higher Sep 117~070 118~165 116~180 118~105 90% 27 21 20 95% 118~165 121~167 118~105

TYH0 Higher Sep 116~070 117~050 115~125 116~310 89% 27 21 20 95% 117~050 120~046 116~310

EDH0 Higher Sep 99.285 99.430 99.265 99.375 67% 27 19 18 95% 99.430 99.936 99.375

EDM0 Higher Sep 98.905 99.105 98.865 99.030 69% 27 21 19 90% 99.105 99.743 99.030

JYZ9 Higher Sep 107.62 113.41 107.10 111.62 72% 32 17 15 88% 113.41 120.34 111.62

ADZ9 Higher Sep 83.59 87.94 81.74 87.74 97% 22 11 10 91% 87.94 91.18 87.74

DXZ9 Lower Sep 78.520 79.290 76.045 76.860 25% 23 14 13 93% 76.045 73.230 76.860

PAZ9 Higher Sep 293.50 308.70 282.10 299.20 64% 32 15 13 87% 308.70 341.90 299.20

HOF0 Lower Sep 190.35 194.79 175.64 188.82 69% 30 10 9 90% 175.64 159.39 188.82

SF0 Lower Sep 981.25 990.00 899.75 933.50 37% 45 26 22 85% 899.75 837.49 933.50

SH0 Lower Sep 979.25 986.00 906.00 933.50 34% 45 24 21 88% 906.00 845.57 933.50

BOZ9 Lower Sep 35.60 36.19 33.28 34.33 36% 45 26 24 92% 33.28 30.75 34.33

BOF0 Lower Sep 36.01 36.40 33.69 34.75 39% 45 25 22 88% 33.69 31.03 34.75

BOH0 Lower Sep 36.22 36.67 34.05 35.11 40% 45 25 23 92% 34.05 31.53 35.11

SMZ9 Lower Sep 297.50 300.50 272.20 285.50 47% 45 26 22 85% 272.20 255.83 285.50

SMH0 Lower Sep 291.50 295.50 270.00 279.10 36% 45 27 23 85% 270.00 254.56 279.10

CH0 Higher Sep 342.50 361.25 315.50 356.75 90% 45 14 12 86% 361.25 390.22 356.75

MWZ9 Lower Sep 538.00 538.00 477.00 491.75 24% 28 14 12 86% 477.00 448.00 491.75

MWH0 Lower Sep 556.00 550.00 493.00 505.75 22% 28 15 13 87% 493.00 464.83 505.75

OH0 Higher Sep 237.75 252.00 215.50 246.50 85% 35 18 16 89% 252.00 277.68 246.50

RRF0 Lower Sep 14.29 14.43 13.27 13.57 26% 23 12 11 92% 13.27 12.15 13.57

RRH0 Lower Sep 14.50 14.63 13.50 13.82 28% 23 12 11 92% 13.50 12.39 13.82

LCZ9 Lower Sep 86.835 87.650 84.030 86.135 58% 44 19 17 89% 84.030 79.633 86.135

FCF0 Lower Sep 99.280 102.000 96.085 97.500 24% 32 13 13 100% 96.085 91.134 97.500

LEZ9 Higher Sep 46.235 53.100 46.150 49.600 50% 40 24 22 92% 53.100 56.969 49.600

LEG0 Higher Sep 53.350 59.130 53.250 56.900 62% 40 25 21 84% 59.130 63.869 56.900

Dow Jones Transportation: The #TRAN(Mkt) ended Higher(Cond) for September(Month). Compared to August's 3667.20(Prev Close), the market ended September at 3799.80(Month Close), that being 47%(Pct Range) off of 3571.70(Month Low) to 4055.60(Month High).

In comparing the August/September closes for each of the last 39 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in September than August in 14(Cond Years) of those years. Of those 14, the #TRAN went on to exceed the September high 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 #TRAN should exceed 4055.60(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 4367.61(Average Objective).
Dow Jones Utilities: The #UTIL(Mkt) ended Higher(Cond) for September(Month). Compared to August's 373.35(Prev Close), the market ended September at 377.23(Month Close), that being 57%(Pct Range) off of 365.79(Month Low) to 385.91(Month High).

In comparing the August/September closes for each of the last 39 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in September than August in 20(Cond Years) of those years. Of those 20, the #UTIL went on to exceed the September 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 the #UTIL should exceed 385.91(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 406.78(Average Objective).
S & P 100(OEX): The #OEX(Mkt) ended Higher(Cond) for September(Month). Compared to August's 474.75(Prev Close), the market ended September at 488.35(Month Close), that being 71%(Pct Range) off of 461.95(Month Low) to 499.00(Month High).

In comparing the August/September closes for each of the last 26 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in September than August in 9(Cond Years) of those years. Of those 9, the #OEX went on to exceed the September high within the next 2 months in 9 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #OEX should exceed 499.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 523.39(Average Objective).
NASDAQ 100 Index: The #NDX(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1625.20(Prev Close), the market ended September at 1719.00(Month Close), that being 79%(Pct Range) off of 1585.60(Month Low) to 1754.50(Month High).

In comparing the August/September closes for each of the last 23 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in September than August in 14(Cond Years) of those years. Of those 14, the #NDX went on to exceed the September high 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 #NDX should exceed 1754.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 1900.34(Average Objective).
Russell 2000 Index: The #RUT(Mkt) ended Higher(Cond) for September(Month). Compared to August's 572.05(Prev Close), the market ended September at 604.30(Month Close), that being 71%(Pct Range) off of 552.25(Month Low) to 625.30(Month High).

In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in September than August in 15(Cond Years) of those years. Of those 15, the #RUT went on to exceed the September 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 #RUT should exceed 625.30(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 662.82(Average Objective).
S & P Midcap 400 Index: The #MID(Mkt) ended Higher(Cond) for September(Month). Compared to August's 654.55(Prev Close), the market ended September at 691.00(Month Close), that being 75%(Pct Range) off of 633.40(Month Low) to 710.20(Month High).

In comparing the August/September closes for each of the last 28 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed higher in September than August in 14(Cond Years) of those years. Of those 14, the #MID went on to exceed the September 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 the #MID should exceed 710.20(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 750.64(Average Objective).
Value Line Index: The #VLE(Mkt) ended Higher(Cond) for September(Month). Compared to August's 2016.90(Prev Close), the market ended September at 2149.40(Month Close), that being 76%(Pct Range) off of 1952.50(Month Low) to 2210.50(Month High).

In comparing the August/September closes for each of the last 26 years(Total Years), Scenario found that the Value Line Index also closed higher in September than August in 12(Cond Years) of those years. Of those 12, the #VLE went on to exceed the September 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 #VLE should exceed 2210.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 2313.15(Average Objective).
S & P 500 Stock Index: The #SP(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1020.60(Prev Close), the market ended September at 1057.10(Month Close), that being 74%(Pct Range) off of 991.95(Month Low) to 1080.15(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in September than August in 20(Cond Years) of those years. Of those 20, the #SP went on to exceed the September 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 the #SP should exceed 1080.15(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 1140.48(Average Objective).
December S & P 500(CME): The SPZ9(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1015.20(Prev Close), the market ended September at 1052.90(Month Close), that being 74%(Pct Range) off of 987.00(Month Low) to 1075.50(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the December S & P 500(CME) also closed higher in September than August in 11(Cond Years) of those years. Of those 11, SPZ went on to exceed the September high within the next 2 months in 11 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the SPZ should exceed 1075.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 1125.38(Average Objective).
March S & P 500(CME): The SPH0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1010.80(Prev Close), the market ended September at 1048.40(Month Close), that being 74%(Pct Range) off of 983.80(Month Low) to 1070.90(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the March S & P 500(CME) also closed higher in September than August in 12(Cond Years) of those years. Of those 12, SPH went on to exceed the September high within the next 2 months in 12 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the SPH should exceed 1070.90(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 1118.81(Average Objective).
December NASDAQ 100(CME): The NDZ9(Mkt) ended Higher(Cond) for September(Month). Compared to August's 1622.80(Prev Close), the market ended September at 1717.50(Month Close), that being 78%(Pct Range) off of 1590.50(Month Low) to 1754.00(Month High).

In comparing the August/September closes for each of the last 13 years(Total Years), Scenario found that the December NASDAQ 100(CME) also closed higher in September than August in 8(Cond Years) of those years. Of those 8, NDZ went on to exceed the September 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 NDZ should exceed 1754.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 1933.06(Average Objective).
December 30-Year T-Bonds(CBOT): The USZ9(Mkt) ended Higher(Cond) for September(Month). Compared to August's 119~12(Prev Close), the market ended September at 121~12(Month Close), that being 90%(Pct Range) off of 117~09(Month Low) to 121~27(Month High).

In comparing the August/September closes for each of the last 32 years(Total Years), Scenario found that the December 30-Year T-Bonds(CBOT) also closed higher in September than August in 17(Cond Years) of those years. Of those 17, USZ went on to exceed the September 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 USZ should exceed 121~27(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 126~15(Average Objective).
March 30-Year T-Bonds(CBOT): The USH0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 118~14(Prev Close), the market ended September at 120~21(Month Close), that being 91%(Pct Range) off of 117~01(Month Low) to 121~01(Month High).

In comparing the August/September closes for each of the last 32 years(Total Years), Scenario found that the March 30-Year T-Bonds(CBOT) also closed higher in September than August in 17(Cond Years) of those years. Of those 17, USH went on to exceed the September 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 USH should exceed 121~01(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 125~08(Average Objective).
December 10-Year T-Notes(CBOT): The TYZ9(Mkt) ended Higher(Cond) for September(Month). Compared to August's 117~070(Prev Close), the market ended September at 118~105(Month Close), that being 90%(Pct Range) off of 116~180(Month Low) to 118~165(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the December 10-Year T-Notes(CBOT) also closed higher in September than August in 21(Cond Years) of those years. Of those 21, TYZ went on to exceed the September high within the next 2 months in 20 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the TYZ should exceed 118~165(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 121~167(Average Objective).
March 10-Year T-Notes(CBOT): The TYH0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 116~070(Prev Close), the market ended September at 116~310(Month Close), that being 89%(Pct Range) off of 115~125(Month Low) to 117~050(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the March 10-Year T-Notes(CBOT) also closed higher in September than August in 21(Cond Years) of those years. Of those 21, TYH went on to exceed the September high within the next 2 months in 20 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the TYH should exceed 117~050(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 120~046(Average Objective).
March Eurodollars(CME): The EDH0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 99.285(Prev Close), the market ended September at 99.375(Month Close), that being 67%(Pct Range) off of 99.265(Month Low) to 99.430(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the March Eurodollars(CME) also closed higher in September than August in 19(Cond Years) of those years. Of those 19, EDH went on to exceed the September high within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the EDH should exceed 99.430(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 99.936(Average Objective).
June Eurodollars(CME): The EDM0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 98.905(Prev Close), the market ended September at 99.030(Month Close), that being 69%(Pct Range) off of 98.865(Month Low) to 99.105(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the June Eurodollars(CME) also closed higher in September than August in 21(Cond Years) of those years. Of those 21, EDM went on to exceed the September 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 EDM should exceed 99.105(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 99.743(Average Objective).
December Japanese Yen(CME): The JYZ9(Mkt) ended Higher(Cond) for September(Month). Compared to August's 107.62(Prev Close), the market ended September at 111.62(Month Close), that being 72%(Pct Range) off of 107.10(Month Low) to 113.41(Month High).

In comparing the August/September closes for each of the last 32 years(Total Years), Scenario found that the December Japanese Yen(CME) also closed higher in September than August in 17(Cond Years) of those years. Of those 17, JYZ went on to exceed the September 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 JYZ should exceed 113.41(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 120.34(Average Objective).
December Australian Dollar(CME): The ADZ9(Mkt) ended Higher(Cond) for September(Month). Compared to August's 83.59(Prev Close), the market ended September at 87.74(Month Close), that being 97%(Pct Range) off of 81.74(Month Low) to 87.94(Month High).

In comparing the August/September closes for each of the last 22 years(Total Years), Scenario found that the December Australian Dollar(CME) also closed higher in September than August in 11(Cond Years) of those years. Of those 11, ADZ went on to exceed the September high within the next 2 months in 10 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the ADZ should exceed 87.94(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 91.18(Average Objective).
December US Dollar Index(ICE): The DXZ9(Mkt) ended Lower(Cond) for September(Month). Compared to August's 78.520(Prev Close), the market ended September at 76.860(Month Close), that being 25%(Pct Range) off of 76.045(Month Low) to 79.290(Month High).

In comparing the August/September closes for each of the last 23 years(Total Years), Scenario found that the December US Dollar Index(ICE) also closed lower in September than August in 14(Cond Years) of those years. Of those 14, DXZ went on to penetrate the September low within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the DXZ should penetrate 76.045(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 73.230(Average Objective).
December Palladium(NYMEX): The PAZ9(Mkt) ended Higher(Cond) for September(Month). Compared to August's 293.50(Prev Close), the market ended September at 299.20(Month Close), that being 64%(Pct Range) off of 282.10(Month Low) to 308.70(Month High).

In comparing the August/September closes for each of the last 32 years(Total Years), Scenario found that the December Palladium(NYMEX) also closed higher in September than August in 15(Cond Years) of those years. Of those 15, PAZ went on to exceed the September 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 PAZ should exceed 308.70(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 341.90(Average Objective).
January Heating Oil(NYM): The HOF0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 190.35(Prev Close), the market ended September at 188.82(Month Close), that being 69%(Pct Range) off of 175.64(Month Low) to 194.79(Month High).

In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the January Heating Oil(NYM) also closed lower in September than August in 10(Cond Years) of those years. Of those 10, HOF went on to penetrate the September 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 HOF should penetrate 175.64(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 159.39(Average Objective).
January Soybeans(CBOT): The SF0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 981.25(Prev Close), the market ended September at 933.50(Month Close), that being 37%(Pct Range) off of 899.75(Month Low) to 990.00(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the January Soybeans(CBOT) also closed lower in September than August in 26(Cond Years) of those years. Of those 26, SF went on to penetrate the September 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 SF should penetrate 899.75(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 837.49(Average Objective).
March Soybeans(CBOT): The SH0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 979.25(Prev Close), the market ended September at 933.50(Month Close), that being 34%(Pct Range) off of 906.00(Month Low) to 986.00(Month High).

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

Therefore, the historical odds are high that the SH should penetrate 906.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 845.57(Average Objective).
December Soybean Oil(CBOT): The BOZ9(Mkt) ended Lower(Cond) for September(Month). Compared to August's 35.60(Prev Close), the market ended September at 34.33(Month Close), that being 36%(Pct Range) off of 33.28(Month Low) to 36.19(Month High).

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

Therefore, the historical odds are high that the BOZ should penetrate 33.28(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 30.75(Average Objective).
January Soybean Oil(CBOT): The BOF0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 36.01(Prev Close), the market ended September at 34.75(Month Close), that being 39%(Pct Range) off of 33.69(Month Low) to 36.40(Month High).

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

Therefore, the historical odds are high that the BOF should penetrate 33.69(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 31.03(Average Objective).
March Soybean Oil(CBOT): The BOH0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 36.22(Prev Close), the market ended September at 35.11(Month Close), that being 40%(Pct Range) off of 34.05(Month Low) to 36.67(Month High).

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

Therefore, the historical odds are high that the BOH should penetrate 34.05(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 31.53(Average Objective).
December Soybean Meal(CBOT): The SMZ9(Mkt) ended Lower(Cond) for September(Month). Compared to August's 297.50(Prev Close), the market ended September at 285.50(Month Close), that being 47%(Pct Range) off of 272.20(Month Low) to 300.50(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the December Soybean Meal(CBOT) also closed lower in September than August in 26(Cond Years) of those years. Of those 26, SMZ went on to penetrate the September 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 SMZ should penetrate 272.20(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 255.83(Average Objective).
March Soybean Meal(CBOT): The SMH0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 291.50(Prev Close), the market ended September at 279.10(Month Close), that being 36%(Pct Range) off of 270.00(Month Low) to 295.50(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Soybean Meal(CBOT) also closed lower in September than August in 27(Cond Years) of those years. Of those 27, SMH went on to penetrate the September low within the next 2 months in 23 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the SMH should penetrate 270.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 254.56(Average Objective).
March Corn(CBOT): The CH0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 342.50(Prev Close), the market ended September at 356.75(Month Close), that being 90%(Pct Range) off of 315.50(Month Low) to 361.25(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Corn(CBOT) also closed higher in September than August in 14(Cond Years) of those years. Of those 14, CH went on to exceed the September 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 CH should exceed 361.25(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 390.22(Average Objective).
December Wheat(MGE): The MWZ9(Mkt) ended Lower(Cond) for September(Month). Compared to August's 538.00(Prev Close), the market ended September at 491.75(Month Close), that being 24%(Pct Range) off of 477.00(Month Low) to 538.00(Month High).

In comparing the August/September closes for each of the last 28 years(Total Years), Scenario found that the December Wheat(MGE) also closed lower in September than August in 14(Cond Years) of those years. Of those 14, MWZ went on to penetrate the September 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 MWZ should penetrate 477.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 448.00(Average Objective).
March Wheat(MGE): The MWH0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 556.00(Prev Close), the market ended September at 505.75(Month Close), that being 22%(Pct Range) off of 493.00(Month Low) to 550.00(Month High).

In comparing the August/September closes for each of the last 28 years(Total Years), Scenario found that the March Wheat(MGE) also closed lower in September than August in 15(Cond Years) of those years. Of those 15, MWH went on to penetrate the September 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 MWH should penetrate 493.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 464.83(Average Objective).
March Oats(CBOT): The OH0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 237.75(Prev Close), the market ended September at 246.50(Month Close), that being 85%(Pct Range) off of 215.50(Month Low) to 252.00(Month High).

In comparing the August/September closes for each of the last 35 years(Total Years), Scenario found that the March Oats(CBOT) also closed higher in September than August in 18(Cond Years) of those years. Of those 18, OH went on to exceed the September high within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the OH should exceed 252.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 277.68(Average Objective).
January Rough Rice(CBOT): The RRF0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 14.29(Prev Close), the market ended September at 13.57(Month Close), that being 26%(Pct Range) off of 13.27(Month Low) to 14.43(Month High).

In comparing the August/September closes for each of the last 23 years(Total Years), Scenario found that the January Rough Rice(CBOT) also closed lower in September than August in 12(Cond Years) of those years. Of those 12, RRF went on to penetrate the September low within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the RRF should penetrate 13.27(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 12.15(Average Objective).
March Rough Rice(CBOT): The RRH0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 14.50(Prev Close), the market ended September at 13.82(Month Close), that being 28%(Pct Range) off of 13.50(Month Low) to 14.63(Month High).

In comparing the August/September closes for each of the last 23 years(Total Years), Scenario found that the March Rough Rice(CBOT) also closed lower in September than August in 12(Cond Years) of those years. Of those 12, RRH went on to penetrate the September low within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the RRH should penetrate 13.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 12.39(Average Objective).
December Live Cattle(CME): The LCZ9(Mkt) ended Lower(Cond) for September(Month). Compared to August's 86.835(Prev Close), the market ended September at 86.135(Month Close), that being 58%(Pct Range) off of 84.030(Month Low) to 87.650(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the December Live Cattle(CME) also closed lower in September than August in 19(Cond Years) of those years. Of those 19, LCZ went on to penetrate the September low within the next 2 months in 17 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the LCZ should penetrate 84.030(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 79.633(Average Objective).
January Feeder Cattle(CME): The FCF0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 99.280(Prev Close), the market ended September at 97.500(Month Close), that being 24%(Pct Range) off of 96.085(Month Low) to 102.000(Month High).

In comparing the August/September closes for each of the last 32 years(Total Years), Scenario found that the January Feeder Cattle(CME) also closed lower in September than August in 13(Cond Years) of those years. Of those 13, FCF went on to penetrate the September low within the next 2 months in 13 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the FCF should penetrate 96.085(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 91.134(Average Objective).
December Lean Hogs(CME): The LEZ9(Mkt) ended Higher(Cond) for September(Month). Compared to August's 46.235(Prev Close), the market ended September at 49.600(Month Close), that being 50%(Pct Range) off of 46.150(Month Low) to 53.100(Month High).

In comparing the August/September closes for each of the last 40 years(Total Years), Scenario found that the December Lean Hogs(CME) also closed higher in September than August in 24(Cond Years) of those years. Of those 24, LEZ went on to exceed the September 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 LEZ should exceed 53.100(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 56.969(Average Objective).
February Lean Hogs(CME): The LEG0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 53.350(Prev Close), the market ended September at 56.900(Month Close), that being 62%(Pct Range) off of 53.250(Month Low) to 59.130(Month High).

In comparing the August/September closes for each of the last 40 years(Total Years), Scenario found that the February Lean Hogs(CME) also closed higher in September than August in 25(Cond Years) of those years. Of those 25, LEG went on to exceed the September high within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the LEG should exceed 59.130(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 63.869(Average Objective).

Copyright © 2024 Moore Research Center, Inc. All Rights Reserved.
www.mrci.com	sales@mrci.com
Phone: 541-525-0521