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 Mar 31, 2011

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

Mar

12226.00

12383.00

11555.00

12320.00

92%

86%

12383.00

13204.07

12320.00

#TRAN

Higher

Mar

5084.90

5328.40

4906.60

5299.90

93%

85%

5328.40

5825.89

5299.90

#VLE

Higher

Mar

3012.90

3058.00

2852.00

3056.70

99%

95%

3058.00

3250.02

3056.70

JYM1

Lower

Mar

122.43

129.57

120.11

120.40

89%

120.11

116.44

120.40

DXM1

Lower

Mar

77.235

77.675

75.505

76.073

26%

100%

75.505

72.888

76.073

HGU1

Lower

Mar

451.15

455.70

410.70

433.95

52%

86%

410.70

388.85

433.95

CLN1

Higher

Mar

100.11

109.10

98.20

107.71

87%

89%

109.10

119.46

107.71

CLQ1

Higher

Mar

100.54

109.18

98.51

107.99

89%

85%

109.18

119.93

107.99

HON1

Higher

Mar

298.74

315.70

294.66

313.46

89%

96%

315.70

347.63

313.46

HOQ1

Higher

Mar

300.38

316.20

296.62

314.63

92%

96%

316.20

347.06

314.63

RBN1

Higher

Mar

290.67

307.59

276.11

307.54

100%

90%

307.59

340.63

307.54

RBQ1

Higher

Mar

289.92

305.42

274.70

305.27

100%

95%

305.42

334.80

305.27

NGN1

Higher

Mar

4.235

4.690

3.955

4.533

79%

100%

4.690

5.344

4.533

NGQ1

Higher

Mar

4.264

4.719

3.994

4.566

79%

100%

4.719

5.369

4.566

SX1

Higher

Mar

1324.75

1408.75

1238.00

1395.00

92%

88%

1408.75

1495.51

1395.00

BON1

Higher

Mar

57.86

60.20

53.26

59.38

88%

95%

60.20

66.45

59.38

BOQ1

Higher

Mar

58.06

60.20

53.50

59.56

90%

88%

60.20

66.59

59.56

BOU1

Higher

Mar

58.16

60.35

53.00

59.70

91%

88%

60.35

66.70

59.70

BOV1

Higher

Mar

58.09

60.35

53.45

59.55

88%

96%

60.35

66.16

59.55

CU1

Higher

Mar

650.25

665.75

581.25

655.25

88%

93%

665.75

708.77

655.25

CZ1

Higher

Mar

606.75

625.25

544.75

625.25

100%

85%

625.25

667.81

625.25

RRU1

Higher

Mar

14.81

15.25

13.42

15.05

89%

92%

15.25

16.66

15.05

LCQ1

Higher

Mar

116.900

122.280

111.730

122.180

99%

87%

122.280

130.978

122.180

FCK1

Higher

Mar

132.635

139.650

128.400

139.385

98%

95%

139.650

147.231

139.385

LEM1

Higher

Mar

100.200

104.150

94.530

103.885

97%

91%

104.150

114.440

103.885

LEN1

Higher

Mar

99.850

103.850

94.335

103.750

99%

96%

103.850

112.923

103.750

LEQ1

Higher

Mar

99.085

103.280

94.650

103.150

98%

91%

103.280

112.901

103.150

JON1

Lower

Mar

170.85

173.80

151.95

160.45

39%

84%

151.95

138.66

160.45

KCN1

Lower

Mar

273.60

298.15

260.30

266.75

17%

87%

260.30

238.89

266.75

CCN1

Lower

Mar

3634

3710

2948

2966

87%

2948

2582

2966

DJIA Index: The #DJ(Mkt) ended Higher(Cond) for March(Month). Compared to February's 12226.00(Prev Close), the market ended March at 12320.00(Month Close), that being 92%(Pct Range) off of 11555.00(Month Low) to 12383.00(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in March than February in 29(Cond Years) of those years. Of those 29, the #DJ went on to exceed the March high within the next 2 months in 25 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the the #DJ should exceed 12383.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 13204.07(Average Objective).
Dow Jones Transportation: The #TRAN(Mkt) ended Higher(Cond) for March(Month). Compared to February's 5084.90(Prev Close), the market ended March at 5299.90(Month Close), that being 93%(Pct Range) off of 4906.60(Month Low) to 5328.40(Month High).

In comparing the February/March closes for each of the last 41 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in March than February in 27(Cond Years) of those years. Of those 27, the #TRAN went on to exceed the March high within the next 2 months in 23 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the the #TRAN should exceed 5328.40(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 5825.89(Average Objective).
Value Line Index: The #VLE(Mkt) ended Higher(Cond) for March(Month). Compared to February's 3012.90(Prev Close), the market ended March at 3056.70(Month Close), that being 99%(Pct Range) off of 2852.00(Month Low) to 3058.00(Month High).

In comparing the February/March closes for each of the last 28 years(Total Years), Scenario found that the Value Line Index also closed higher in March than February in 20(Cond Years) of those years. Of those 20, the #VLE went on to exceed the March high 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 #VLE should exceed 3058.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 3250.02(Average Objective).
June Japanese Yen(CME): The JYM1(Mkt) ended Lower(Cond) for March(Month). Compared to February's 122.43(Prev Close), the market ended March at 120.40(Month Close), that being 3%(Pct Range) off of 120.11(Month Low) to 129.57(Month High).

In comparing the February/March closes for each of the last 34 years(Total Years), Scenario found that the June Japanese Yen(CME) also closed lower in March than February in 18(Cond Years) of those years. Of those 18, JYM went on to penetrate the March low within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the JYM should penetrate 120.11(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 116.44(Average Objective).
June US Dollar Index(ICE): The DXM1(Mkt) ended Lower(Cond) for March(Month). Compared to February's 77.235(Prev Close), the market ended March at 76.073(Month Close), that being 26%(Pct Range) off of 75.505(Month Low) to 77.675(Month High).

In comparing the February/March closes for each of the last 25 years(Total Years), Scenario found that the June US Dollar Index(ICE) also closed lower in March than February in 13(Cond Years) of those years. Of those 13, DXM went on to penetrate the March 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 DXM should penetrate 75.505(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 72.888(Average Objective).
September Copper(CMX): The HGU1(Mkt) ended Lower(Cond) for March(Month). Compared to February's 451.15(Prev Close), the market ended March at 433.95(Month Close), that being 52%(Pct Range) off of 410.70(Month Low) to 455.70(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the September Copper(CMX) also closed lower in March than February in 14(Cond Years) of those years. Of those 14, HGU went on to penetrate the March 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 HGU should penetrate 410.70(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 388.85(Average Objective).
July Crude Oil(NYM): The CLN1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 100.11(Prev Close), the market ended March at 107.71(Month Close), that being 87%(Pct Range) off of 98.20(Month Low) to 109.10(Month High).

In comparing the February/March closes for each of the last 27 years(Total Years), Scenario found that the July Crude Oil(NYM) also closed higher in March than February in 19(Cond Years) of those years. Of those 19, CLN went on to exceed the March high within the next 2 months in 17 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the CLN should exceed 109.10(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 119.46(Average Objective).
August Crude Oil(NYM): The CLQ1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 100.54(Prev Close), the market ended March at 107.99(Month Close), that being 89%(Pct Range) off of 98.51(Month Low) to 109.18(Month High).

In comparing the February/March closes for each of the last 27 years(Total Years), Scenario found that the August Crude Oil(NYM) also closed higher in March than February in 20(Cond Years) of those years. Of those 20, CLQ went on to exceed the March 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 CLQ should exceed 109.18(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 119.93(Average Objective).
July Heating Oil(NYM): The HON1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 298.74(Prev Close), the market ended March at 313.46(Month Close), that being 89%(Pct Range) off of 294.66(Month Low) to 315.70(Month High).

In comparing the February/March closes for each of the last 31 years(Total Years), Scenario found that the July Heating Oil(NYM) also closed higher in March than February in 23(Cond Years) of those years. Of those 23, HON went on to exceed the March high within the next 2 months in 22 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the HON should exceed 315.70(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 347.63(Average Objective).
August Heating Oil(NYM): The HOQ1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 300.38(Prev Close), the market ended March at 314.63(Month Close), that being 92%(Pct Range) off of 296.62(Month Low) to 316.20(Month High).

In comparing the February/March closes for each of the last 31 years(Total Years), Scenario found that the August Heating Oil(NYM) also closed higher in March than February in 23(Cond Years) of those years. Of those 23, HOQ went on to exceed the March high within the next 2 months in 22 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the HOQ should exceed 316.20(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 347.06(Average Objective).
July Gasoline(NYMEX): The RBN1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 290.67(Prev Close), the market ended March at 307.54(Month Close), that being 100%(Pct Range) off of 276.11(Month Low) to 307.59(Month High).

In comparing the February/March closes for each of the last 25 years(Total Years), Scenario found that the July Gasoline(NYMEX) also closed higher in March than February in 20(Cond Years) of those years. Of those 20, RBN went on to exceed the March 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 RBN should exceed 307.59(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 340.63(Average Objective).
August Gasoline(NYMEX): The RBQ1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 289.92(Prev Close), the market ended March at 305.27(Month Close), that being 100%(Pct Range) off of 274.70(Month Low) to 305.42(Month High).

In comparing the February/March closes for each of the last 25 years(Total Years), Scenario found that the August Gasoline(NYMEX) also closed higher in March than February in 20(Cond Years) of those years. Of those 20, RBQ went on to exceed the March high within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the RBQ should exceed 305.42(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 334.80(Average Objective).
July Natural Gas(NYM): The NGN1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 4.235(Prev Close), the market ended March at 4.533(Month Close), that being 79%(Pct Range) off of 3.955(Month Low) to 4.690(Month High).

In comparing the February/March closes for each of the last 20 years(Total Years), Scenario found that the July Natural Gas(NYM) also closed higher in March than February in 14(Cond Years) of those years. Of those 14, NGN went on to exceed the March 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 NGN should exceed 4.690(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 5.344(Average Objective).
August Natural Gas(NYM): The NGQ1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 4.264(Prev Close), the market ended March at 4.566(Month Close), that being 79%(Pct Range) off of 3.994(Month Low) to 4.719(Month High).

In comparing the February/March closes for each of the last 20 years(Total Years), Scenario found that the August Natural Gas(NYM) also closed higher in March than February in 14(Cond Years) of those years. Of those 14, NGQ went on to exceed the March 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 NGQ should exceed 4.719(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 5.369(Average Objective).
November Soybeans(CBOT): The SX1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 1324.75(Prev Close), the market ended March at 1395.00(Month Close), that being 92%(Pct Range) off of 1238.00(Month Low) to 1408.75(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the November Soybeans(CBOT) also closed higher in March than February in 24(Cond Years) of those years. Of those 24, SX went on to exceed the March high within the next 2 months in 21 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the SX should exceed 1408.75(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 1495.51(Average Objective).
July Soybean Oil(CBOT): The BON1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 57.86(Prev Close), the market ended March at 59.38(Month Close), that being 88%(Pct Range) off of 53.26(Month Low) to 60.20(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the July Soybean Oil(CBOT) also closed higher in March than February in 22(Cond Years) of those years. Of those 22, BON went on to exceed the March high within the next 2 months in 21 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the BON should exceed 60.20(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 66.45(Average Objective).
August Soybean Oil(CBOT): The BOQ1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 58.06(Prev Close), the market ended March at 59.56(Month Close), that being 90%(Pct Range) off of 53.50(Month Low) to 60.20(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the August Soybean Oil(CBOT) also closed higher in March than February in 25(Cond Years) of those years. Of those 25, BOQ went on to exceed the March high within the next 2 months in 22 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the BOQ should exceed 60.20(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 66.59(Average Objective).
September Soybean Oil(CBOT): The BOU1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 58.16(Prev Close), the market ended March at 59.70(Month Close), that being 91%(Pct Range) off of 53.00(Month Low) to 60.35(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the September Soybean Oil(CBOT) also closed higher in March than February in 25(Cond Years) of those years. Of those 25, BOU went on to exceed the March high within the next 2 months in 22 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the BOU should exceed 60.35(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 66.70(Average Objective).
October Soybean Oil(CBOT): The BOV1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 58.09(Prev Close), the market ended March at 59.55(Month Close), that being 88%(Pct Range) off of 53.45(Month Low) to 60.35(Month High).

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

Therefore, the historical odds are high that the BOV should exceed 60.35(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 66.16(Average Objective).
September Corn(CBOT): The CU1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 650.25(Prev Close), the market ended March at 655.25(Month Close), that being 88%(Pct Range) off of 581.25(Month Low) to 665.75(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the September Corn(CBOT) also closed higher in March than February in 27(Cond Years) of those years. Of those 27, CU went on to exceed the March high within the next 2 months in 25 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the CU should exceed 665.75(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 708.77(Average Objective).
December Corn(CBOT): The CZ1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 606.75(Prev Close), the market ended March at 625.25(Month Close), that being 100%(Pct Range) off of 544.75(Month Low) to 625.25(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the December Corn(CBOT) also closed higher in March than February in 26(Cond Years) of those years. Of those 26, CZ went on to exceed the March high within the next 2 months in 22 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the CZ should exceed 625.25(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 667.81(Average Objective).
September Rough Rice(CBOT): The RRU1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 14.81(Prev Close), the market ended March at 15.05(Month Close), that being 89%(Pct Range) off of 13.42(Month Low) to 15.25(Month High).

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

Therefore, the historical odds are high that the RRU should exceed 15.25(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 16.66(Average Objective).
August Live Cattle(CME): The LCQ1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 116.900(Prev Close), the market ended March at 122.180(Month Close), that being 99%(Pct Range) off of 111.730(Month Low) to 122.280(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the August Live Cattle(CME) also closed higher in March than February in 23(Cond Years) of those years. Of those 23, LCQ went on to exceed the March high within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the LCQ should exceed 122.280(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 130.978(Average Objective).
May Feeder Cattle(CME): The FCK1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 132.635(Prev Close), the market ended March at 139.385(Month Close), that being 98%(Pct Range) off of 128.400(Month Low) to 139.650(Month High).

In comparing the February/March closes for each of the last 39 years(Total Years), Scenario found that the May Feeder Cattle(CME) also closed higher in March than February in 19(Cond Years) of those years. Of those 19, FCK went on to exceed the March 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 FCK should exceed 139.650(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 147.231(Average Objective).
June Lean Hogs(CME): The LEM1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 100.200(Prev Close), the market ended March at 103.885(Month Close), that being 97%(Pct Range) off of 94.530(Month Low) to 104.150(Month High).

In comparing the February/March closes for each of the last 41 years(Total Years), Scenario found that the June Lean Hogs(CME) also closed higher in March than February in 23(Cond Years) of those years. Of those 23, LEM went on to exceed the March high within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the LEM should exceed 104.150(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 114.440(Average Objective).
July Lean Hogs(CME): The LEN1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 99.850(Prev Close), the market ended March at 103.750(Month Close), that being 99%(Pct Range) off of 94.335(Month Low) to 103.850(Month High).

In comparing the February/March closes for each of the last 41 years(Total Years), Scenario found that the July Lean Hogs(CME) also closed higher in March than February in 23(Cond Years) of those years. Of those 23, LEN went on to exceed the March high within the next 2 months in 22 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the LEN should exceed 103.850(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 112.923(Average Objective).
August Lean Hogs(CME): The LEQ1(Mkt) ended Higher(Cond) for March(Month). Compared to February's 99.085(Prev Close), the market ended March at 103.150(Month Close), that being 98%(Pct Range) off of 94.650(Month Low) to 103.280(Month High).

In comparing the February/March closes for each of the last 41 years(Total Years), Scenario found that the August Lean Hogs(CME) also closed higher in March than February in 23(Cond Years) of those years. Of those 23, LEQ went on to exceed the March high within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the LEQ should exceed 103.280(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 112.901(Average Objective).
July Orange Juice(ICE): The JON1(Mkt) ended Lower(Cond) for March(Month). Compared to February's 170.85(Prev Close), the market ended March at 160.45(Month Close), that being 39%(Pct Range) off of 151.95(Month Low) to 173.80(Month High).

In comparing the February/March closes for each of the last 43 years(Total Years), Scenario found that the July Orange Juice(ICE) also closed lower in March than February in 19(Cond Years) of those years. Of those 19, JON went on to penetrate the March 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 JON should penetrate 151.95(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 138.66(Average Objective).
July Coffee "C"(ICE): The KCN1(Mkt) ended Lower(Cond) for March(Month). Compared to February's 273.60(Prev Close), the market ended March at 266.75(Month Close), that being 17%(Pct Range) off of 260.30(Month Low) to 298.15(Month High).

In comparing the February/March closes for each of the last 37 years(Total Years), Scenario found that the July Coffee "C"(ICE) also closed lower in March than February in 15(Cond Years) of those years. Of those 15, KCN went on to penetrate the March 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 KCN should penetrate 260.30(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 238.89(Average Objective).
July Cocoa(ICE): The CCN1(Mkt) ended Lower(Cond) for March(Month). Compared to February's 3634(Prev Close), the market ended March at 2966(Month Close), that being 2%(Pct Range) off of 2948(Month Low) to 3710(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the July Cocoa(ICE) also closed lower in March than February in 23(Cond Years) of those years. Of those 23, CCN went on to penetrate the March low within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the CCN should penetrate 2948(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 2582(Average Objective).

Moore Research Center, Inc.

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