|
MRCI's ScenarioSM Summary |
|
ScenarioSM Summary Sep 30, 2013 |
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 |
Sep |
14810.00 |
15710.00 |
14777.00 |
15130.00 |
38% |
45 |
16 |
14 |
88% |
15710.00 |
16512.41 |
15130.00 |
#UTIL |
Higher |
Sep |
477.87 |
497.98 |
467.93 |
482.29 |
48% |
43 |
23 |
21 |
91% |
497.98 |
522.93 |
482.29 |
#OEX |
Higher |
Sep |
730.90 |
772.00 |
730.80 |
748.10 |
42% |
37 |
14 |
13 |
93% |
772.00 |
813.19 |
748.10 |
#NDX |
Higher |
Sep |
3073.80 |
3248.50 |
3077.10 |
3218.20 |
82% |
27 |
17 |
16 |
94% |
3248.50 |
3520.26 |
3218.20 |
#VLE |
Higher |
Sep |
3800.50 |
4063.40 |
3798.50 |
4011.30 |
80% |
30 |
15 |
13 |
87% |
4063.40 |
4265.62 |
4011.30 |
#SSNI |
Higher |
Sep |
13389 |
14818 |
13408 |
14456 |
74% |
31 |
11 |
11 |
100% |
14818 |
15598 |
14456 |
#SP |
Higher |
Sep |
1632.95 |
1729.85 |
1633.40 |
1681.55 |
50% |
45 |
20 |
18 |
90% |
1729.85 |
1833.12 |
1681.55 |
SPZ3 |
Higher |
Sep |
1624.60 |
1726.70 |
1624.60 |
1674.30 |
49% |
31 |
14 |
13 |
93% |
1726.70 |
1811.70 |
1674.30 |
USZ3 |
Higher |
Sep |
131~290 |
133~250 |
128~120 |
133~120 |
92% |
36 |
19 |
16 |
84% |
133~250 |
138~226 |
133~120 |
TYZ3 |
Higher |
Sep |
124~090 |
126~215 |
122~070 |
126~125 |
94% |
31 |
24 |
22 |
92% |
126~215 |
129~274 |
126~125 |
EDZ3 |
Higher |
Sep |
99.700 |
99.730 |
99.685 |
99.715 |
67% |
31 |
21 |
19 |
90% |
99.730 |
100.107 |
99.715 |
EDH4 |
Higher |
Sep |
99.640 |
99.690 |
99.600 |
99.675 |
83% |
31 |
22 |
21 |
95% |
99.690 |
100.146 |
99.675 |
SFZ3 |
Higher |
Sep |
107.51 |
110.93 |
105.84 |
110.69 |
95% |
38 |
26 |
22 |
85% |
110.93 |
115.32 |
110.69 |
JYZ3 |
Lower |
Sep |
101.93 |
102.62 |
99.43 |
101.86 |
76% |
36 |
16 |
15 |
94% |
99.43 |
95.93 |
101.86 |
ADZ3 |
Higher |
Sep |
88.40 |
94.76 |
88.40 |
92.79 |
69% |
26 |
14 |
12 |
86% |
94.76 |
98.67 |
92.79 |
DXZ3 |
Lower |
Sep |
82.390 |
83.150 |
80.115 |
80.322 |
7% |
27 |
17 |
15 |
88% |
80.115 |
77.131 |
80.322 |
HOF4 |
Lower |
Sep |
312.03 |
316.03 |
292.30 |
296.40 |
17% |
34 |
13 |
11 |
85% |
292.30 |
269.14 |
296.40 |
HOJ4 |
Lower |
Sep |
305.87 |
309.45 |
290.00 |
293.32 |
17% |
33 |
14 |
12 |
86% |
290.00 |
271.90 |
293.32 |
NGF4 |
Lower |
Sep |
3.926 |
4.125 |
3.731 |
3.831 |
25% |
23 |
9 |
8 |
89% |
3.731 |
3.215 |
3.831 |
NGG4 |
Lower |
Sep |
3.928 |
4.120 |
3.734 |
3.837 |
27% |
23 |
10 |
9 |
90% |
3.734 |
3.325 |
3.837 |
NGH4 |
Lower |
Sep |
3.895 |
4.070 |
3.720 |
3.810 |
26% |
23 |
9 |
8 |
89% |
3.720 |
3.345 |
3.810 |
NGJ4 |
Lower |
Sep |
3.832 |
3.990 |
3.678 |
3.761 |
27% |
23 |
9 |
8 |
89% |
3.678 |
3.347 |
3.761 |
SF4 |
Lower |
Sep |
1354.75 |
1403.50 |
1283.25 |
1285.00 |
1% |
45 |
27 |
23 |
85% |
1283.25 |
1188.14 |
1285.00 |
SH4 |
Lower |
Sep |
1334.25 |
1377.75 |
1265.25 |
1267.00 |
2% |
45 |
25 |
22 |
88% |
1265.25 |
1174.73 |
1267.00 |
SK4 |
Lower |
Sep |
1311.75 |
1349.00 |
1247.25 |
1248.50 |
1% |
45 |
25 |
22 |
88% |
1247.25 |
1161.24 |
1248.50 |
BOZ3 |
Lower |
Sep |
44.29 |
45.10 |
40.95 |
41.10 |
4% |
45 |
27 |
24 |
89% |
40.95 |
37.86 |
41.10 |
BOF4 |
Lower |
Sep |
44.44 |
45.23 |
41.25 |
41.40 |
4% |
45 |
26 |
22 |
85% |
41.25 |
38.02 |
41.40 |
BOH4 |
Lower |
Sep |
44.68 |
45.45 |
41.64 |
41.71 |
2% |
45 |
26 |
23 |
88% |
41.64 |
38.61 |
41.71 |
BOK4 |
Lower |
Sep |
44.93 |
45.66 |
41.90 |
41.98 |
2% |
45 |
27 |
23 |
85% |
41.90 |
38.65 |
41.98 |
SMZ3 |
Lower |
Sep |
423.70 |
451.20 |
404.00 |
405.40 |
3% |
45 |
26 |
23 |
88% |
404.00 |
377.30 |
405.40 |
SMF4 |
Lower |
Sep |
422.00 |
446.80 |
401.90 |
403.30 |
3% |
45 |
27 |
24 |
89% |
401.90 |
376.35 |
403.30 |
SMH4 |
Lower |
Sep |
413.50 |
434.10 |
393.70 |
394.50 |
2% |
45 |
27 |
23 |
85% |
393.70 |
367.67 |
394.50 |
SMK4 |
Lower |
Sep |
401.80 |
417.80 |
384.50 |
385.40 |
3% |
45 |
26 |
23 |
88% |
384.50 |
358.97 |
385.40 |
KWZ3 |
Higher |
Sep |
703.50 |
746.75 |
687.75 |
739.50 |
88% |
37 |
22 |
19 |
86% |
746.75 |
798.70 |
739.50 |
KWH4 |
Higher |
Sep |
711.00 |
747.50 |
694.25 |
740.25 |
86% |
37 |
22 |
20 |
91% |
747.50 |
795.54 |
740.25 |
KWK4 |
Higher |
Sep |
715.75 |
748.25 |
697.75 |
739.25 |
82% |
37 |
21 |
19 |
90% |
748.25 |
792.50 |
739.25 |
OZ3 |
Lower |
Sep |
340.50 |
344.75 |
303.00 |
319.25 |
39% |
39 |
17 |
16 |
94% |
303.00 |
277.77 |
319.25 |
RRF4 |
Lower |
Sep |
15.92 |
16.00 |
15.31 |
15.34 |
4% |
27 |
14 |
12 |
86% |
15.31 |
13.97 |
15.34 |
RRH4 |
Lower |
Sep |
16.14 |
16.15 |
15.54 |
15.54 |
0% |
27 |
14 |
12 |
86% |
15.54 |
14.22 |
15.54 |
RRK4 |
Lower |
Sep |
16.32 |
16.34 |
15.72 |
15.72 |
0% |
24 |
12 |
11 |
92% |
15.72 |
14.61 |
15.72 |
LCZ3 |
Higher |
Sep |
130.485 |
132.250 |
127.950 |
131.985 |
94% |
45 |
26 |
23 |
88% |
132.250 |
138.499 |
131.985 |
LCG4 |
Higher |
Sep |
131.650 |
134.030 |
129.780 |
133.800 |
95% |
45 |
27 |
25 |
93% |
134.030 |
139.525 |
133.800 |
LCJ4 |
Higher |
Sep |
132.735 |
134.950 |
130.900 |
134.575 |
91% |
45 |
23 |
22 |
96% |
134.950 |
139.564 |
134.575 |
FCF4 |
Higher |
Sep |
158.600 |
164.580 |
157.180 |
164.000 |
92% |
36 |
19 |
17 |
89% |
164.580 |
171.479 |
164.000 |
LEZ3 |
Higher |
Sep |
84.750 |
89.000 |
84.400 |
86.635 |
49% |
44 |
28 |
25 |
89% |
89.000 |
96.211 |
86.635 |
LEK4 |
Higher |
Sep |
90.000 |
93.400 |
89.885 |
92.835 |
84% |
12 |
7 |
6 |
86% |
93.400 |
99.032 |
92.835 |
SBH4 |
Higher |
Sep |
16.88 |
18.24 |
16.92 |
18.14 |
92% |
45 |
20 |
18 |
90% |
18.24 |
21.15 |
18.14 |
SBK4 |
Higher |
Sep |
16.82 |
18.11 |
16.85 |
18.07 |
97% |
45 |
23 |
21 |
91% |
18.11 |
20.86 |
18.07 |
LBF4 |
Higher |
Sep |
329.6 |
367.5 |
329.0 |
353.4 |
63% |
40 |
11 |
10 |
91% |
367.5 |
401.5 |
353.4 |
LBH4 |
Higher |
Sep |
333.0 |
370.0 |
343.0 |
353.0 |
37% |
40 |
12 |
12 |
100% |
370.0 |
396.9 |
353.0 |
LBK4 |
Higher |
Sep |
332.1 |
375.0 |
332.1 |
360.0 |
65% |
39 |
13 |
12 |
92% |
375.0 |
406.0 |
360.0 |
- DJIA Index
- The #DJ(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 14810.00(Prev Close), the market ended September at 15130.00(Month Close),
that being 38%(Pct Range) off of
14777.00(Month Low) to 15710.00(Month High).
In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed
higher in September than August in 16(Cond Years) of those years.
Of those 16, the #DJ went on to exceed the September high within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.
Therefore, the historical odds are high that the the #DJ should exceed 15710.00(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 16512.41(Average Objective).
- Dow Jones Utilities
- The #UTIL(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 477.87(Prev Close), the market ended September at 482.29(Month Close),
that being 48%(Pct Range) off of
467.93(Month Low) to 497.98(Month High).
In comparing the August/September closes for each of the last 43 years(Total Years), Scenario found that the Dow Jones Utilities also closed
higher in September than August in 23(Cond Years) of those years.
Of those 23, the #UTIL went on to exceed the September 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 the #UTIL should exceed 497.98(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 522.93(Average Objective).
- S & P 100(OEX)
- The #OEX(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 730.90(Prev Close), the market ended September at 748.10(Month Close),
that being 42%(Pct Range) off of
730.80(Month Low) to 772.00(Month High).
In comparing the August/September closes for each of the last 37 years(Total Years), Scenario found that the S & P 100(OEX) also closed
higher in September than August in 14(Cond Years) of those years.
Of those 14, the #OEX went on to exceed the September high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.
Therefore, the historical odds are high that the the #OEX should exceed 772.00(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 813.19(Average Objective).
- NASDAQ 100 Index
- The #NDX(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 3073.80(Prev Close), the market ended September at 3218.20(Month Close),
that being 82%(Pct Range) off of
3077.10(Month Low) to 3248.50(Month High).
In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the NASDAQ 100 Index also closed
higher in September than August in 17(Cond Years) of those years.
Of those 17, the #NDX went on to exceed the September 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 #NDX should exceed 3248.50(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 3520.26(Average Objective).
- Value Line Index
- The #VLE(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 3800.50(Prev Close), the market ended September at 4011.30(Month Close),
that being 80%(Pct Range) off of
3798.50(Month Low) to 4063.40(Month High).
In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the Value Line Index also closed
higher in September than August in 15(Cond Years) of those years.
Of those 15, the #VLE 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 #VLE should exceed 4063.40(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 4265.62(Average Objective).
- Nikkei 225 Index
- The #SSNI(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 13389(Prev Close), the market ended September at 14456(Month Close),
that being 74%(Pct Range) off of
13408(Month Low) to 14818(Month High).
In comparing the August/September closes for each of the last 31 years(Total Years), Scenario found that the Nikkei 225 Index also closed
higher in September than August in 11(Cond Years) of those years.
Of those 11, the #SSNI 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 the #SSNI should exceed 14818(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 15598(Average Objective).
- S & P 500 Stock Index
- The #SP(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 1632.95(Prev Close), the market ended September at 1681.55(Month Close),
that being 50%(Pct Range) off of
1633.40(Month Low) to 1729.85(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 1729.85(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 1833.12(Average Objective).
- December S & P 500(CME)
- The SPZ3(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 1624.60(Prev Close), the market ended September at 1674.30(Month Close),
that being 49%(Pct Range) off of
1624.60(Month Low) to 1726.70(Month High).
In comparing the August/September closes for each of the last 31 years(Total Years), Scenario found that the December S & P 500(CME) also closed
higher in September than August in 14(Cond Years) of those years.
Of those 14, SPZ went on to exceed the September high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.
Therefore, the historical odds are high that the SPZ should exceed 1726.70(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 1811.70(Average Objective).
- December 30-Year T-Bonds(CBOT)
- The USZ3(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 131~290(Prev Close), the market ended September at 133~120(Month Close),
that being 92%(Pct Range) off of
128~120(Month Low) to 133~250(Month High).
In comparing the August/September closes for each of the last 36 years(Total Years), Scenario found that the December 30-Year T-Bonds(CBOT) also closed
higher in September than August in 19(Cond Years) of those years.
Of those 19, USZ went on to exceed the September 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 USZ should exceed 133~250(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 138~226(Average Objective).
- December 10-Year T-Notes(CBOT)
- The TYZ3(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 124~090(Prev Close), the market ended September at 126~125(Month Close),
that being 94%(Pct Range) off of
122~070(Month Low) to 126~215(Month High).
In comparing the August/September closes for each of the last 31 years(Total Years), Scenario found that the December 10-Year T-Notes(CBOT) also closed
higher in September than August in 24(Cond Years) of those years.
Of those 24, TYZ 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 TYZ should exceed 126~215(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 129~274(Average Objective).
- December Eurodollars(CME)
- The EDZ3(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 99.700(Prev Close), the market ended September at 99.715(Month Close),
that being 67%(Pct Range) off of
99.685(Month Low) to 99.730(Month High).
In comparing the August/September closes for each of the last 31 years(Total Years), Scenario found that the December Eurodollars(CME) also closed
higher in September than August in 21(Cond Years) of those years.
Of those 21, EDZ 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 EDZ should exceed 99.730(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 100.107(Average Objective).
- March Eurodollars(CME)
- The EDH4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 99.640(Prev Close), the market ended September at 99.675(Month Close),
that being 83%(Pct Range) off of
99.600(Month Low) to 99.690(Month High).
In comparing the August/September closes for each of the last 31 years(Total Years), Scenario found that the March Eurodollars(CME) also closed
higher in September than August in 22(Cond Years) of those years.
Of those 22, EDH went on to exceed the September 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 EDH should exceed 99.690(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 100.146(Average Objective).
- December Swiss Franc(CME)
- The SFZ3(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 107.51(Prev Close), the market ended September at 110.69(Month Close),
that being 95%(Pct Range) off of
105.84(Month Low) to 110.93(Month High).
In comparing the August/September closes for each of the last 38 years(Total Years), Scenario found that the December Swiss Franc(CME) also closed
higher in September than August in 26(Cond Years) of those years.
Of those 26, SFZ went on to exceed the September 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 SFZ should exceed 110.93(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 115.32(Average Objective).
- December Japanese Yen(CME)
- The JYZ3(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 101.93(Prev Close), the market ended September at 101.86(Month Close),
that being 76%(Pct Range) off of
99.43(Month Low) to 102.62(Month High).
In comparing the August/September closes for each of the last 36 years(Total Years), Scenario found that the December Japanese Yen(CME) also closed
lower in September than August in 16(Cond Years) of those years.
Of those 16, JYZ went on to penetrate the September low within the next 2 months in 15 years(Action Years) or 94%(Pct) of the time.
Therefore, the historical odds are high that the JYZ should penetrate 99.43(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 95.93(Average Objective).
- December Australian Dollar(CME)
- The ADZ3(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 88.40(Prev Close), the market ended September at 92.79(Month Close),
that being 69%(Pct Range) off of
88.40(Month Low) to 94.76(Month High).
In comparing the August/September closes for each of the last 26 years(Total Years), Scenario found that the December Australian Dollar(CME) also closed
higher in September than August in 14(Cond Years) of those years.
Of those 14, ADZ 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 ADZ should exceed 94.76(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 98.67(Average Objective).
- December US Dollar Index(ICE)
- The DXZ3(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 82.390(Prev Close), the market ended September at 80.322(Month Close),
that being 7%(Pct Range) off of
80.115(Month Low) to 83.150(Month High).
In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the December US Dollar Index(ICE) also closed
lower in September than August in 17(Cond Years) of those years.
Of those 17, DXZ went on to penetrate the September 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 DXZ should penetrate 80.115(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 77.131(Average Objective).
- January Heating Oil(NYM)
- The HOF4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 312.03(Prev Close), the market ended September at 296.40(Month Close),
that being 17%(Pct Range) off of
292.30(Month Low) to 316.03(Month High).
In comparing the August/September closes for each of the last 34 years(Total Years), Scenario found that the January Heating Oil(NYM) also closed
lower in September than August in 13(Cond Years) of those years.
Of those 13, HOF went on to penetrate the September low within the next 2 months in 11 years(Action Years) or 85%(Pct) of the time.
Therefore, the historical odds are high that the HOF should penetrate 292.30(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 269.14(Average Objective).
- April Heating Oil(NYM)
- The HOJ4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 305.87(Prev Close), the market ended September at 293.32(Month Close),
that being 17%(Pct Range) off of
290.00(Month Low) to 309.45(Month High).
In comparing the August/September closes for each of the last 33 years(Total Years), Scenario found that the April Heating Oil(NYM) also closed
lower in September than August in 14(Cond Years) of those years.
Of those 14, HOJ 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 HOJ should penetrate 290.00(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 271.90(Average Objective).
- January Natural Gas(NYM)
- The NGF4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 3.926(Prev Close), the market ended September at 3.831(Month Close),
that being 25%(Pct Range) off of
3.731(Month Low) to 4.125(Month High).
In comparing the August/September closes for each of the last 23 years(Total Years), Scenario found that the January Natural Gas(NYM) also closed
lower in September than August in 9(Cond Years) of those years.
Of those 9, NGF went on to penetrate the September low within the next 2 months in 8 years(Action Years) or 89%(Pct) of the time.
Therefore, the historical odds are high that the NGF should penetrate 3.731(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 3.215(Average Objective).
- February Natural Gas(NYM)
- The NGG4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 3.928(Prev Close), the market ended September at 3.837(Month Close),
that being 27%(Pct Range) off of
3.734(Month Low) to 4.120(Month High).
In comparing the August/September closes for each of the last 23 years(Total Years), Scenario found that the February Natural Gas(NYM) also closed
lower in September than August in 10(Cond Years) of those years.
Of those 10, NGG 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 NGG should penetrate 3.734(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 3.325(Average Objective).
- March Natural Gas(NYM)
- The NGH4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 3.895(Prev Close), the market ended September at 3.810(Month Close),
that being 26%(Pct Range) off of
3.720(Month Low) to 4.070(Month High).
In comparing the August/September closes for each of the last 23 years(Total Years), Scenario found that the March Natural Gas(NYM) also closed
lower in September than August in 9(Cond Years) of those years.
Of those 9, NGH went on to penetrate the September low within the next 2 months in 8 years(Action Years) or 89%(Pct) of the time.
Therefore, the historical odds are high that the NGH should penetrate 3.720(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 3.345(Average Objective).
- April Natural Gas(NYM)
- The NGJ4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 3.832(Prev Close), the market ended September at 3.761(Month Close),
that being 27%(Pct Range) off of
3.678(Month Low) to 3.990(Month High).
In comparing the August/September closes for each of the last 23 years(Total Years), Scenario found that the April Natural Gas(NYM) also closed
lower in September than August in 9(Cond Years) of those years.
Of those 9, NGJ went on to penetrate the September low within the next 2 months in 8 years(Action Years) or 89%(Pct) of the time.
Therefore, the historical odds are high that the NGJ should penetrate 3.678(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 3.347(Average Objective).
- January Soybeans(CBOT)
- The SF4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 1354.75(Prev Close), the market ended September at 1285.00(Month Close),
that being 1%(Pct Range) off of
1283.25(Month Low) to 1403.50(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 27(Cond Years) of those years.
Of those 27, SF 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 SF should penetrate 1283.25(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 1188.14(Average Objective).
- March Soybeans(CBOT)
- The SH4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 1334.25(Prev Close), the market ended September at 1267.00(Month Close),
that being 2%(Pct Range) off of
1265.25(Month Low) to 1377.75(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 25(Cond Years) of those years.
Of those 25, SH 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 SH should penetrate 1265.25(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 1174.73(Average Objective).
- May Soybeans(CBOT)
- The SK4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 1311.75(Prev Close), the market ended September at 1248.50(Month Close),
that being 1%(Pct Range) off of
1247.25(Month Low) to 1349.00(Month High).
In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Soybeans(CBOT) also closed
lower in September than August in 25(Cond Years) of those years.
Of those 25, SK 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 SK should penetrate 1247.25(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 1161.24(Average Objective).
- December Soybean Oil(CBOT)
- The BOZ3(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 44.29(Prev Close), the market ended September at 41.10(Month Close),
that being 4%(Pct Range) off of
40.95(Month Low) to 45.10(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 27(Cond Years) of those years.
Of those 27, BOZ went on to penetrate the September 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 BOZ should penetrate 40.95(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 37.86(Average Objective).
- January Soybean Oil(CBOT)
- The BOF4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 44.44(Prev Close), the market ended September at 41.40(Month Close),
that being 4%(Pct Range) off of
41.25(Month Low) to 45.23(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 26(Cond Years) of those years.
Of those 26, BOF 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 BOF should penetrate 41.25(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 38.02(Average Objective).
- March Soybean Oil(CBOT)
- The BOH4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 44.68(Prev Close), the market ended September at 41.71(Month Close),
that being 2%(Pct Range) off of
41.64(Month Low) to 45.45(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 26(Cond Years) of those years.
Of those 26, BOH went on to penetrate the September low within the next 2 months in 23 years(Action Years) or 88%(Pct) of the time.
Therefore, the historical odds are high that the BOH should penetrate 41.64(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 38.61(Average Objective).
- May Soybean Oil(CBOT)
- The BOK4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 44.93(Prev Close), the market ended September at 41.98(Month Close),
that being 2%(Pct Range) off of
41.90(Month Low) to 45.66(Month High).
In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Soybean Oil(CBOT) also closed
lower in September than August in 27(Cond Years) of those years.
Of those 27, BOK 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 BOK should penetrate 41.90(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 38.65(Average Objective).
- December Soybean Meal(CBOT)
- The SMZ3(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 423.70(Prev Close), the market ended September at 405.40(Month Close),
that being 3%(Pct Range) off of
404.00(Month Low) to 451.20(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 23 years(Action Years) or 88%(Pct) of the time.
Therefore, the historical odds are high that the SMZ should penetrate 404.00(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 377.30(Average Objective).
- January Soybean Meal(CBOT)
- The SMF4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 422.00(Prev Close), the market ended September at 403.30(Month Close),
that being 3%(Pct Range) off of
401.90(Month Low) to 446.80(Month High).
In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the January Soybean Meal(CBOT) also closed
lower in September than August in 27(Cond Years) of those years.
Of those 27, SMF went on to penetrate the September 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 SMF should penetrate 401.90(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 376.35(Average Objective).
- March Soybean Meal(CBOT)
- The SMH4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 413.50(Prev Close), the market ended September at 394.50(Month Close),
that being 2%(Pct Range) off of
393.70(Month Low) to 434.10(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 393.70(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 367.67(Average Objective).
- May Soybean Meal(CBOT)
- The SMK4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 401.80(Prev Close), the market ended September at 385.40(Month Close),
that being 3%(Pct Range) off of
384.50(Month Low) to 417.80(Month High).
In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Soybean Meal(CBOT) also closed
lower in September than August in 26(Cond Years) of those years.
Of those 26, SMK went on to penetrate the September low within the next 2 months in 23 years(Action Years) or 88%(Pct) of the time.
Therefore, the historical odds are high that the SMK should penetrate 384.50(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 358.97(Average Objective).
- December Wheat(KCBT)
- The KWZ3(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 703.50(Prev Close), the market ended September at 739.50(Month Close),
that being 88%(Pct Range) off of
687.75(Month Low) to 746.75(Month High).
In comparing the August/September closes for each of the last 37 years(Total Years), Scenario found that the December Wheat(KCBT) also closed
higher in September than August in 22(Cond Years) of those years.
Of those 22, KWZ went on to exceed the September high within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.
Therefore, the historical odds are high that the KWZ should exceed 746.75(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 798.70(Average Objective).
- March Wheat(KCBT)
- The KWH4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 711.00(Prev Close), the market ended September at 740.25(Month Close),
that being 86%(Pct Range) off of
694.25(Month Low) to 747.50(Month High).
In comparing the August/September closes for each of the last 37 years(Total Years), Scenario found that the March Wheat(KCBT) also closed
higher in September than August in 22(Cond Years) of those years.
Of those 22, KWH went on to exceed the September high within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.
Therefore, the historical odds are high that the KWH should exceed 747.50(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 795.54(Average Objective).
- May Wheat(KCBT)
- The KWK4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 715.75(Prev Close), the market ended September at 739.25(Month Close),
that being 82%(Pct Range) off of
697.75(Month Low) to 748.25(Month High).
In comparing the August/September closes for each of the last 37 years(Total Years), Scenario found that the May Wheat(KCBT) also closed
higher in September than August in 21(Cond Years) of those years.
Of those 21, KWK 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 KWK should exceed 748.25(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 792.50(Average Objective).
- December Oats(CBOT)
- The OZ3(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 340.50(Prev Close), the market ended September at 319.25(Month Close),
that being 39%(Pct Range) off of
303.00(Month Low) to 344.75(Month High).
In comparing the August/September closes for each of the last 39 years(Total Years), Scenario found that the December Oats(CBOT) also closed
lower in September than August in 17(Cond Years) of those years.
Of those 17, OZ went on to penetrate the September low within the next 2 months in 16 years(Action Years) or 94%(Pct) of the time.
Therefore, the historical odds are high that the OZ should penetrate 303.00(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 277.77(Average Objective).
- January Rough Rice(CBOT)
- The RRF4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 15.92(Prev Close), the market ended September at 15.34(Month Close),
that being 4%(Pct Range) off of
15.31(Month Low) to 16.00(Month High).
In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the January Rough Rice(CBOT) also closed
lower in September than August in 14(Cond Years) of those years.
Of those 14, RRF 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 RRF should penetrate 15.31(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 13.97(Average Objective).
- March Rough Rice(CBOT)
- The RRH4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 16.14(Prev Close), the market ended September at 15.54(Month Close),
that being 0%(Pct Range) off of
15.54(Month Low) to 16.15(Month High).
In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the March Rough Rice(CBOT) also closed
lower in September than August in 14(Cond Years) of those years.
Of those 14, RRH 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 RRH should penetrate 15.54(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 14.22(Average Objective).
- May Rough Rice(CBOT)
- The RRK4(Mkt) ended Lower(Cond) for
September(Month). Compared to August's 16.32(Prev Close), the market ended September at 15.72(Month Close),
that being 0%(Pct Range) off of
15.72(Month Low) to 16.34(Month High).
In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the May Rough Rice(CBOT) also closed
lower in September than August in 12(Cond Years) of those years.
Of those 12, RRK 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 RRK should penetrate 15.72(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 14.61(Average Objective).
- December Live Cattle(CME)
- The LCZ3(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 130.485(Prev Close), the market ended September at 131.985(Month Close),
that being 94%(Pct Range) off of
127.950(Month Low) to 132.250(Month High).
In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the December Live Cattle(CME) also closed
higher in September than August in 26(Cond Years) of those years.
Of those 26, LCZ went on to exceed the September high within the next 2 months in 23 years(Action Years) or 88%(Pct) of the time.
Therefore, the historical odds are high that the LCZ should exceed 132.250(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 138.499(Average Objective).
- February Live Cattle(CME)
- The LCG4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 131.650(Prev Close), the market ended September at 133.800(Month Close),
that being 95%(Pct Range) off of
129.780(Month Low) to 134.030(Month High).
In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the February Live Cattle(CME) also closed
higher in September than August in 27(Cond Years) of those years.
Of those 27, LCG went on to exceed the September 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 LCG should exceed 134.030(Scenario Objective) by no later than the end of November.
If it does so, Scenario would further project (based on
normalizing those previous 25 years) a potential move
toward 139.525(Average Objective).
- April Live Cattle(CME)
- The LCJ4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 132.735(Prev Close), the market ended September at 134.575(Month Close),
that being 91%(Pct Range) off of
130.900(Month Low) to 134.950(Month High).
In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the April Live Cattle(CME) also closed
higher in September than August in 23(Cond Years) of those years.
Of those 23, LCJ went on to exceed the September 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 LCJ should exceed 134.950(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 139.564(Average Objective).
- January Feeder Cattle(CME)
- The FCF4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 158.600(Prev Close), the market ended September at 164.000(Month Close),
that being 92%(Pct Range) off of
157.180(Month Low) to 164.580(Month High).
In comparing the August/September closes for each of the last 36 years(Total Years), Scenario found that the January Feeder Cattle(CME) also closed
higher in September than August in 19(Cond Years) of those years.
Of those 19, FCF went on to exceed the September 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 FCF should exceed 164.580(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 171.479(Average Objective).
- December Lean Hogs(CME)
- The LEZ3(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 84.750(Prev Close), the market ended September at 86.635(Month Close),
that being 49%(Pct Range) off of
84.400(Month Low) to 89.000(Month High).
In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the December Lean Hogs(CME) also closed
higher in September than August in 28(Cond Years) of those years.
Of those 28, LEZ went on to exceed the September high within the next 2 months in 25 years(Action Years) or 89%(Pct) of the time.
Therefore, the historical odds are high that the LEZ should exceed 89.000(Scenario Objective) by no later than the end of November.
If it does so, Scenario would further project (based on
normalizing those previous 25 years) a potential move
toward 96.211(Average Objective).
- May Lean Hogs(CME)
- The LEK4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 90.000(Prev Close), the market ended September at 92.835(Month Close),
that being 84%(Pct Range) off of
89.885(Month Low) to 93.400(Month High).
In comparing the August/September closes for each of the last 12 years(Total Years), Scenario found that the May Lean Hogs(CME) also closed
higher in September than August in 7(Cond Years) of those years.
Of those 7, LEK went on to exceed the September high within the next 2 months in 6 years(Action Years) or 86%(Pct) of the time.
Therefore, the historical odds are high that the LEK should exceed 93.400(Scenario Objective) by no later than the end of November.
If it does so, Scenario would further project (based on
normalizing those previous 6 years) a potential move
toward 99.032(Average Objective).
- March Sugar #11(ICE)
- The SBH4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 16.88(Prev Close), the market ended September at 18.14(Month Close),
that being 92%(Pct Range) off of
16.92(Month Low) to 18.24(Month High).
In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Sugar #11(ICE) also closed
higher in September than August in 20(Cond Years) of those years.
Of those 20, SBH 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 SBH should exceed 18.24(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 21.15(Average Objective).
- May Sugar #11(ICE)
- The SBK4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 16.82(Prev Close), the market ended September at 18.07(Month Close),
that being 97%(Pct Range) off of
16.85(Month Low) to 18.11(Month High).
In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Sugar #11(ICE) also closed
higher in September than August in 23(Cond Years) of those years.
Of those 23, SBK went on to exceed the September 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 SBK should exceed 18.11(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 20.86(Average Objective).
- January Lumber(CME)
- The LBF4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 329.6(Prev Close), the market ended September at 353.4(Month Close),
that being 63%(Pct Range) off of
329.0(Month Low) to 367.5(Month High).
In comparing the August/September closes for each of the last 40 years(Total Years), Scenario found that the January Lumber(CME) also closed
higher in September than August in 11(Cond Years) of those years.
Of those 11, LBF 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 LBF should exceed 367.5(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 401.5(Average Objective).
- March Lumber(CME)
- The LBH4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 333.0(Prev Close), the market ended September at 353.0(Month Close),
that being 37%(Pct Range) off of
343.0(Month Low) to 370.0(Month High).
In comparing the August/September closes for each of the last 40 years(Total Years), Scenario found that the March Lumber(CME) also closed
higher in September than August in 12(Cond Years) of those years.
Of those 12, LBH 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 LBH should exceed 370.0(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 396.9(Average Objective).
- May Lumber(CME)
- The LBK4(Mkt) ended Higher(Cond) for
September(Month). Compared to August's 332.1(Prev Close), the market ended September at 360.0(Month Close),
that being 65%(Pct Range) off of
332.1(Month Low) to 375.0(Month High).
In comparing the August/September closes for each of the last 39 years(Total Years), Scenario found that the May Lumber(CME) also closed
higher in September than August in 13(Cond Years) of those years.
Of those 13, LBK went on to exceed the September 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 LBK should exceed 375.0(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 406.0(Average Objective).
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