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MRCI's Scenario Summary

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MRCI's ScenarioSM Summary

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved.
ScenarioSM Summary Jul 31, 2017
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 Lower Jul 9564.00 9764.00 9147.00 9183.00 6% 45 23 20 87% 9147.00 8286.30 9183.00
#UTIL Higher Jul 706.90 728.05 697.75 726.50 95% 45 26 23 88% 728.05 756.76 726.50
#OEX Higher Jul 1067.70 1095.90 1061.95 1088.95 80% 41 20 17 85% 1095.90 1139.12 1088.95
#NDX Higher Jul 5646.90 5995.80 5579.60 5880.30 72% 31 19 16 84% 5995.80 6377.54 5880.30
#RUT Higher Jul 1415.35 1452.10 1398.85 1425.15 49% 38 18 17 94% 1452.10 1531.83 1425.15
#MID Higher Jul 1746.65 1795.15 1728.95 1760.70 48% 36 15 14 93% 1795.15 1878.02 1760.70
#VLE Higher Jul 5539.80 5679.30 5467.90 5609.20 67% 34 17 16 94% 5679.30 5924.26 5609.20
#SP Higher Jul 2423.40 2484.05 2407.70 2470.30 82% 45 21 19 90% 2484.05 2587.87 2470.30
SPZ7 Higher Jul 2418.90 2477.40 2406.00 2465.90 84% 35 16 15 94% 2477.40 2562.86 2465.90
TYZ7 Higher Jul 125~060 126~020 124~140 125~175 68% 35 23 21 91% 126~020 130~016 125~175
EDZ7 Higher Jul 98.525 98.580 98.495 98.550 65% 35 22 22 100% 98.580 99.013 98.550
EDH8 Higher Jul 98.440 98.495 98.390 98.470 76% 35 21 19 90% 98.495 99.076 98.470
EDM8 Higher Jul 98.365 98.430 98.305 98.410 84% 35 22 21 95% 98.430 99.035 98.410
EUZ7 Higher Jul 115.23 119.33 114.13 119.19 97% 18 8 8 100% 119.33 122.90 119.19
JYZ7 Higher Jul 89.49 91.32 88.00 91.31 100% 40 18 16 89% 91.32 94.75 91.31
ADZ7 Higher Jul 76.66 80.50 75.56 79.85 87% 29 14 13 93% 80.50 82.89 79.85
DXZ7 Lower Jul 95.220 96.065 92.480 92.538 2% 31 15 14 93% 92.480 90.068 92.538
CLX7 Higher Jul 46.77 50.60 44.26 50.37 96% 34 21 19 90% 50.60 55.45 50.37
CLZ7 Higher Jul 47.05 50.69 44.52 50.46 96% 34 21 19 90% 50.69 55.35 50.46
CLF8 Higher Jul 47.31 50.75 44.80 50.53 96% 34 21 19 90% 50.75 55.15 50.53
ITCOZ7 Higher Jul 49.59 53.20 47.02 53.02 97% 27 18 17 94% 53.20 58.95 53.02
ITCOF8 Higher Jul 49.85 53.31 47.33 53.12 97% 27 18 17 94% 53.31 58.62 53.12
ITCOG8 Higher Jul 50.07 53.40 47.59 53.23 97% 26 16 15 94% 53.40 58.17 53.23
HOX7 Higher Jul 150.78 167.64 145.12 167.16 98% 38 22 19 86% 167.64 185.37 167.16
RBX7 Higher Jul 138.79 152.91 134.20 152.66 99% 32 20 18 90% 152.91 168.31 152.66
RBZ7 Higher Jul 137.49 150.33 132.71 150.10 99% 32 20 18 90% 150.33 163.86 150.10
RBF8 Higher Jul 137.69 149.68 132.94 149.50 99% 31 21 19 90% 149.68 162.63 149.50
NGZ7 Lower Jul 3.267 3.340 3.071 3.079 3% 27 14 12 86% 3.071 2.737 3.079
NGF8 Lower Jul 3.356 3.424 3.163 3.173 4% 27 16 14 88% 3.163 2.837 3.173
CBX7 Higher Jul 49.33 53.05 46.70 52.87 97% 27 18 17 94% 53.05 58.91 52.87
CBZ7 Higher Jul 49.59 53.20 47.02 53.02 97% 27 18 17 94% 53.20 58.94 53.02
CBF8 Higher Jul 49.85 53.31 47.33 53.12 97% 27 18 17 94% 53.31 58.61 53.12
WZ7 Lower Jul 545.00 592.25 497.00 499.75 3% 45 21 20 95% 497.00 453.66 499.75
WH8 Lower Jul 558.75 604.75 518.50 520.75 3% 45 21 19 90% 518.50 473.77 520.75
KWH8 Lower Jul 567.25 614.00 516.75 519.75 3% 41 20 18 90% 516.75 473.97 519.75
LCV7 Lower Jul 115.200 119.300 111.250 111.950 9% 45 16 15 94% 111.250 104.635 111.950
HEG8 Lower Jul 66.880 69.000 65.400 65.600 6% 45 19 16 84% 65.400 60.695 65.600
KCZ7 Higher Jul 129.20 142.90 129.40 142.75 99% 43 16 14 88% 142.90 155.17 142.75
LBX7 Higher Jul 349.6 378.8 340.1 362.3 57% 44 15 13 87% 378.8 421.6 362.3


Dow Jones Transportation
The #TRAN(Mkt) ended Lower(Cond) for July(Month). Compared to June's 9564.00(Prev Close), the market ended July at 9183.00(Month Close), that being 6%(Pct Range) off of 9147.00(Month Low) to 9764.00(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Transportation also closed lower in July than June in 23(Cond Years) of those years. Of those 23, the #TRAN went on to penetrate the July 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 the #TRAN should penetrate 9147.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 8286.30(Average Objective).

Dow Jones Utilities
The #UTIL(Mkt) ended Higher(Cond) for July(Month). Compared to June's 706.90(Prev Close), the market ended July at 726.50(Month Close), that being 95%(Pct Range) off of 697.75(Month Low) to 728.05(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in July than June in 26(Cond Years) of those years. Of those 26, the #UTIL went on to exceed the July 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 the #UTIL should exceed 728.05(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 756.76(Average Objective).

S & P 100(OEX)
The #OEX(Mkt) ended Higher(Cond) for July(Month). Compared to June's 1067.70(Prev Close), the market ended July at 1088.95(Month Close), that being 80%(Pct Range) off of 1061.95(Month Low) to 1095.90(Month High).

In comparing the June/July closes for each of the last 41 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in July than June in 20(Cond Years) of those years. Of those 20, the #OEX went on to exceed the July 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 the #OEX should exceed 1095.90(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 1139.12(Average Objective).

NASDAQ 100 Index
The #NDX(Mkt) ended Higher(Cond) for July(Month). Compared to June's 5646.90(Prev Close), the market ended July at 5880.30(Month Close), that being 72%(Pct Range) off of 5579.60(Month Low) to 5995.80(Month High).

In comparing the June/July closes for each of the last 31 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in July than June in 19(Cond Years) of those years. Of those 19, the #NDX went on to exceed the July high within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the the #NDX should exceed 5995.80(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 6377.54(Average Objective).

Russell 2000 Index
The #RUT(Mkt) ended Higher(Cond) for July(Month). Compared to June's 1415.35(Prev Close), the market ended July at 1425.15(Month Close), that being 49%(Pct Range) off of 1398.85(Month Low) to 1452.10(Month High).

In comparing the June/July closes for each of the last 38 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in July than June in 18(Cond Years) of those years. Of those 18, the #RUT went on to exceed the July high within the next 2 months in 17 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the the #RUT should exceed 1452.10(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 1531.83(Average Objective).

S & P Midcap 400 Index
The #MID(Mkt) ended Higher(Cond) for July(Month). Compared to June's 1746.65(Prev Close), the market ended July at 1760.70(Month Close), that being 48%(Pct Range) off of 1728.95(Month Low) to 1795.15(Month High).

In comparing the June/July closes for each of the last 36 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed higher in July than June in 15(Cond Years) of those years. Of those 15, the #MID went on to exceed the July high within the next 2 months in 14 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the the #MID should exceed 1795.15(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 1878.02(Average Objective).

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for July(Month). Compared to June's 5539.80(Prev Close), the market ended July at 5609.20(Month Close), that being 67%(Pct Range) off of 5467.90(Month Low) to 5679.30(Month High).

In comparing the June/July closes for each of the last 34 years(Total Years), Scenario found that the Value Line Index also closed higher in July than June in 17(Cond Years) of those years. Of those 17, the #VLE went on to exceed the July 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 #VLE should exceed 5679.30(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 5924.26(Average Objective).

S & P 500 Stock Index
The #SP(Mkt) ended Higher(Cond) for July(Month). Compared to June's 2423.40(Prev Close), the market ended July at 2470.30(Month Close), that being 82%(Pct Range) off of 2407.70(Month Low) to 2484.05(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in July than June in 21(Cond Years) of those years. Of those 21, the #SP went on to exceed the July high within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the the #SP should exceed 2484.05(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 2587.87(Average Objective).

December S & P 500(CME)
The SPZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 2418.90(Prev Close), the market ended July at 2465.90(Month Close), that being 84%(Pct Range) off of 2406.00(Month Low) to 2477.40(Month High).

In comparing the June/July closes for each of the last 35 years(Total Years), Scenario found that the December S & P 500(CME) also closed higher in July than June in 16(Cond Years) of those years. Of those 16, SPZ went on to exceed the July high within the next 2 months in 15 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the SPZ should exceed 2477.40(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 2562.86(Average Objective).

December 10-Year T-Notes(CBOT)
The TYZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 125~060(Prev Close), the market ended July at 125~175(Month Close), that being 68%(Pct Range) off of 124~140(Month Low) to 126~020(Month High).

In comparing the June/July closes for each of the last 35 years(Total Years), Scenario found that the December 10-Year T-Notes(CBOT) also closed higher in July than June in 23(Cond Years) of those years. Of those 23, TYZ went on to exceed the July 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 TYZ should exceed 126~020(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 130~016(Average Objective).

December Eurodollars(CME)
The EDZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 98.525(Prev Close), the market ended July at 98.550(Month Close), that being 65%(Pct Range) off of 98.495(Month Low) to 98.580(Month High).

In comparing the June/July closes for each of the last 35 years(Total Years), Scenario found that the December Eurodollars(CME) also closed higher in July than June in 22(Cond Years) of those years. Of those 22, EDZ went on to exceed the July high within the next 2 months in 22 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the EDZ should exceed 98.580(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 99.013(Average Objective).

March Eurodollars(CME)
The EDH8(Mkt) ended Higher(Cond) for July(Month). Compared to June's 98.440(Prev Close), the market ended July at 98.470(Month Close), that being 76%(Pct Range) off of 98.390(Month Low) to 98.495(Month High).

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

Therefore, the historical odds are high that the EDH should exceed 98.495(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 99.076(Average Objective).

June Eurodollars(CME)
The EDM8(Mkt) ended Higher(Cond) for July(Month). Compared to June's 98.365(Prev Close), the market ended July at 98.410(Month Close), that being 84%(Pct Range) off of 98.305(Month Low) to 98.430(Month High).

In comparing the June/July closes for each of the last 35 years(Total Years), Scenario found that the June Eurodollars(CME) also closed higher in July than June in 22(Cond Years) of those years. Of those 22, EDM went on to exceed the July 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 EDM should exceed 98.430(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 99.035(Average Objective).

December EuroFX(CME)
The EUZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 115.23(Prev Close), the market ended July at 119.19(Month Close), that being 97%(Pct Range) off of 114.13(Month Low) to 119.33(Month High).

In comparing the June/July closes for each of the last 18 years(Total Years), Scenario found that the December EuroFX(CME) also closed higher in July than June in 8(Cond Years) of those years. Of those 8, EUZ went on to exceed the July high within the next 2 months in 8 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the EUZ should exceed 119.33(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 122.90(Average Objective).

December Japanese Yen(CME)
The JYZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 89.49(Prev Close), the market ended July at 91.31(Month Close), that being 100%(Pct Range) off of 88.00(Month Low) to 91.32(Month High).

In comparing the June/July closes for each of the last 40 years(Total Years), Scenario found that the December Japanese Yen(CME) also closed higher in July than June in 18(Cond Years) of those years. Of those 18, JYZ went on to exceed the July 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 JYZ should exceed 91.32(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 94.75(Average Objective).

December Australian Dollar(CME)
The ADZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 76.66(Prev Close), the market ended July at 79.85(Month Close), that being 87%(Pct Range) off of 75.56(Month Low) to 80.50(Month High).

In comparing the June/July closes for each of the last 29 years(Total Years), Scenario found that the December Australian Dollar(CME) also closed higher in July than June in 14(Cond Years) of those years. Of those 14, ADZ went on to exceed the July 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 ADZ should exceed 80.50(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 82.89(Average Objective).

December US Dollar Index(ICE)
The DXZ7(Mkt) ended Lower(Cond) for July(Month). Compared to June's 95.220(Prev Close), the market ended July at 92.538(Month Close), that being 2%(Pct Range) off of 92.480(Month Low) to 96.065(Month High).

In comparing the June/July closes for each of the last 31 years(Total Years), Scenario found that the December US Dollar Index(ICE) also closed lower in July than June in 15(Cond Years) of those years. Of those 15, DXZ went on to penetrate the July low within the next 2 months in 14 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the DXZ should penetrate 92.480(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 90.068(Average Objective).

November Crude Oil(NYM)
The CLX7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 46.77(Prev Close), the market ended July at 50.37(Month Close), that being 96%(Pct Range) off of 44.26(Month Low) to 50.60(Month High).

In comparing the June/July closes for each of the last 34 years(Total Years), Scenario found that the November Crude Oil(NYM) also closed higher in July than June in 21(Cond Years) of those years. Of those 21, CLX went on to exceed the July high within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the CLX should exceed 50.60(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 55.45(Average Objective).

December Crude Oil(NYM)
The CLZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 47.05(Prev Close), the market ended July at 50.46(Month Close), that being 96%(Pct Range) off of 44.52(Month Low) to 50.69(Month High).

In comparing the June/July closes for each of the last 34 years(Total Years), Scenario found that the December Crude Oil(NYM) also closed higher in July than June in 21(Cond Years) of those years. Of those 21, CLZ went on to exceed the July high within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the CLZ should exceed 50.69(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 55.35(Average Objective).

January Crude Oil(NYM)
The CLF8(Mkt) ended Higher(Cond) for July(Month). Compared to June's 47.31(Prev Close), the market ended July at 50.53(Month Close), that being 96%(Pct Range) off of 44.80(Month Low) to 50.75(Month High).

In comparing the June/July closes for each of the last 34 years(Total Years), Scenario found that the January Crude Oil(NYM) also closed higher in July than June in 21(Cond Years) of those years. Of those 21, CLF went on to exceed the July high within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the CLF should exceed 50.75(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 55.15(Average Objective).

December Brent Crude Oil(ICE)
The ITCOZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 49.59(Prev Close), the market ended July at 53.02(Month Close), that being 97%(Pct Range) off of 47.02(Month Low) to 53.20(Month High).

In comparing the June/July closes for each of the last 27 years(Total Years), Scenario found that the December Brent Crude Oil(ICE) also closed higher in July than June in 18(Cond Years) of those years. Of those 18, ITCOZ went on to exceed the July high within the next 2 months in 17 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the ITCOZ should exceed 53.20(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 58.95(Average Objective).

January Brent Crude Oil(ICE)
The ITCOF8(Mkt) ended Higher(Cond) for July(Month). Compared to June's 49.85(Prev Close), the market ended July at 53.12(Month Close), that being 97%(Pct Range) off of 47.33(Month Low) to 53.31(Month High).

In comparing the June/July closes for each of the last 27 years(Total Years), Scenario found that the January Brent Crude Oil(ICE) also closed higher in July than June in 18(Cond Years) of those years. Of those 18, ITCOF went on to exceed the July high within the next 2 months in 17 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the ITCOF should exceed 53.31(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 58.62(Average Objective).

February Brent Crude Oil(ICE)
The ITCOG8(Mkt) ended Higher(Cond) for July(Month). Compared to June's 50.07(Prev Close), the market ended July at 53.23(Month Close), that being 97%(Pct Range) off of 47.59(Month Low) to 53.40(Month High).

In comparing the June/July closes for each of the last 26 years(Total Years), Scenario found that the February Brent Crude Oil(ICE) also closed higher in July than June in 16(Cond Years) of those years. Of those 16, ITCOG went on to exceed the July high within the next 2 months in 15 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the ITCOG should exceed 53.40(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 58.17(Average Objective).

November NY Harbor ULSD(NYM)
The HOX7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 150.78(Prev Close), the market ended July at 167.16(Month Close), that being 98%(Pct Range) off of 145.12(Month Low) to 167.64(Month High).

In comparing the June/July closes for each of the last 38 years(Total Years), Scenario found that the November NY Harbor ULSD(NYM) also closed higher in July than June in 22(Cond Years) of those years. Of those 22, HOX went on to exceed the July high within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the HOX should exceed 167.64(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 185.37(Average Objective).

November RBOB Gasoline(NYM)
The RBX7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 138.79(Prev Close), the market ended July at 152.66(Month Close), that being 99%(Pct Range) off of 134.20(Month Low) to 152.91(Month High).

In comparing the June/July closes for each of the last 32 years(Total Years), Scenario found that the November RBOB Gasoline(NYM) also closed higher in July than June in 20(Cond Years) of those years. Of those 20, RBX went on to exceed the July high within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the RBX should exceed 152.91(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 168.31(Average Objective).

December RBOB Gasoline(NYM)
The RBZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 137.49(Prev Close), the market ended July at 150.10(Month Close), that being 99%(Pct Range) off of 132.71(Month Low) to 150.33(Month High).

In comparing the June/July closes for each of the last 32 years(Total Years), Scenario found that the December RBOB Gasoline(NYM) also closed higher in July than June in 20(Cond Years) of those years. Of those 20, RBZ went on to exceed the July high within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the RBZ should exceed 150.33(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 163.86(Average Objective).

January RBOB Gasoline(NYM)
The RBF8(Mkt) ended Higher(Cond) for July(Month). Compared to June's 137.69(Prev Close), the market ended July at 149.50(Month Close), that being 99%(Pct Range) off of 132.94(Month Low) to 149.68(Month High).

In comparing the June/July closes for each of the last 31 years(Total Years), Scenario found that the January RBOB Gasoline(NYM) also closed higher in July than June in 21(Cond Years) of those years. Of those 21, RBF went on to exceed the July high within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the RBF should exceed 149.68(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 162.63(Average Objective).

December Natural Gas(NYM)
The NGZ7(Mkt) ended Lower(Cond) for July(Month). Compared to June's 3.267(Prev Close), the market ended July at 3.079(Month Close), that being 3%(Pct Range) off of 3.071(Month Low) to 3.340(Month High).

In comparing the June/July closes for each of the last 27 years(Total Years), Scenario found that the December Natural Gas(NYM) also closed lower in July than June in 14(Cond Years) of those years. Of those 14, NGZ went on to penetrate the July 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 NGZ should penetrate 3.071(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 2.737(Average Objective).

January Natural Gas(NYM)
The NGF8(Mkt) ended Lower(Cond) for July(Month). Compared to June's 3.356(Prev Close), the market ended July at 3.173(Month Close), that being 4%(Pct Range) off of 3.163(Month Low) to 3.424(Month High).

In comparing the June/July closes for each of the last 27 years(Total Years), Scenario found that the January Natural Gas(NYM) also closed lower in July than June in 16(Cond Years) of those years. Of those 16, NGF went on to penetrate the July low within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the NGF should penetrate 3.163(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 2.837(Average Objective).

November Brent Crude Oil(ICE)
The CBX7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 49.33(Prev Close), the market ended July at 52.87(Month Close), that being 97%(Pct Range) off of 46.70(Month Low) to 53.05(Month High).

In comparing the June/July closes for each of the last 27 years(Total Years), Scenario found that the November Brent Crude Oil(ICE) also closed higher in July than June in 18(Cond Years) of those years. Of those 18, CBX went on to exceed the July high within the next 2 months in 17 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the CBX should exceed 53.05(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 58.91(Average Objective).

December Brent Crude Oil(ICE)
The CBZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 49.59(Prev Close), the market ended July at 53.02(Month Close), that being 97%(Pct Range) off of 47.02(Month Low) to 53.20(Month High).

In comparing the June/July closes for each of the last 27 years(Total Years), Scenario found that the December Brent Crude Oil(ICE) also closed higher in July than June in 18(Cond Years) of those years. Of those 18, CBZ went on to exceed the July high within the next 2 months in 17 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the CBZ should exceed 53.20(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 58.94(Average Objective).

January Brent Crude Oil(ICE)
The CBF8(Mkt) ended Higher(Cond) for July(Month). Compared to June's 49.85(Prev Close), the market ended July at 53.12(Month Close), that being 97%(Pct Range) off of 47.33(Month Low) to 53.31(Month High).

In comparing the June/July closes for each of the last 27 years(Total Years), Scenario found that the January Brent Crude Oil(ICE) also closed higher in July than June in 18(Cond Years) of those years. Of those 18, CBF went on to exceed the July high within the next 2 months in 17 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the CBF should exceed 53.31(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 58.61(Average Objective).

December Wheat(CBOT)
The WZ7(Mkt) ended Lower(Cond) for July(Month). Compared to June's 545.00(Prev Close), the market ended July at 499.75(Month Close), that being 3%(Pct Range) off of 497.00(Month Low) to 592.25(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the December Wheat(CBOT) also closed lower in July than June in 21(Cond Years) of those years. Of those 21, WZ went on to penetrate the July low within the next 2 months in 20 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the WZ should penetrate 497.00(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 453.66(Average Objective).

March Wheat(CBOT)
The WH8(Mkt) ended Lower(Cond) for July(Month). Compared to June's 558.75(Prev Close), the market ended July at 520.75(Month Close), that being 3%(Pct Range) off of 518.50(Month Low) to 604.75(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the March Wheat(CBOT) also closed lower in July than June in 21(Cond Years) of those years. Of those 21, WH went on to penetrate the July low within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the WH should penetrate 518.50(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 473.77(Average Objective).

March Wheat(KCBT)
The KWH8(Mkt) ended Lower(Cond) for July(Month). Compared to June's 567.25(Prev Close), the market ended July at 519.75(Month Close), that being 3%(Pct Range) off of 516.75(Month Low) to 614.00(Month High).

In comparing the June/July closes for each of the last 41 years(Total Years), Scenario found that the March Wheat(KCBT) also closed lower in July than June in 20(Cond Years) of those years. Of those 20, KWH went on to penetrate the July low within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the KWH should penetrate 516.75(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 473.97(Average Objective).

October Live Cattle(CME)
The LCV7(Mkt) ended Lower(Cond) for July(Month). Compared to June's 115.200(Prev Close), the market ended July at 111.950(Month Close), that being 9%(Pct Range) off of 111.250(Month Low) to 119.300(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the October Live Cattle(CME) also closed lower in July than June in 16(Cond Years) of those years. Of those 16, LCV went on to penetrate the July low within the next 2 months in 15 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the LCV should penetrate 111.250(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 104.635(Average Objective).

February Lean Hogs(CME)
The HEG8(Mkt) ended Lower(Cond) for July(Month). Compared to June's 66.880(Prev Close), the market ended July at 65.600(Month Close), that being 6%(Pct Range) off of 65.400(Month Low) to 69.000(Month High).

In comparing the June/July closes for each of the last 45 years(Total Years), Scenario found that the February Lean Hogs(CME) also closed lower in July than June in 19(Cond Years) of those years. Of those 19, HEG went on to penetrate the July 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 HEG should penetrate 65.400(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 60.695(Average Objective).

December Coffee "C"(ICE)
The KCZ7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 129.20(Prev Close), the market ended July at 142.75(Month Close), that being 99%(Pct Range) off of 129.40(Month Low) to 142.90(Month High).

In comparing the June/July closes for each of the last 43 years(Total Years), Scenario found that the December Coffee "C"(ICE) also closed higher in July than June in 16(Cond Years) of those years. Of those 16, KCZ went on to exceed the July high within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the KCZ should exceed 142.90(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 155.17(Average Objective).

November Lumber(CME)
The LBX7(Mkt) ended Higher(Cond) for July(Month). Compared to June's 349.6(Prev Close), the market ended July at 362.3(Month Close), that being 57%(Pct Range) off of 340.1(Month Low) to 378.8(Month High).

In comparing the June/July closes for each of the last 44 years(Total Years), Scenario found that the November Lumber(CME) also closed higher in July than June in 15(Cond Years) of those years. Of those 15, LBX went on to exceed the July 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 LBX should exceed 378.8(Scenario Objective) by no later than the end of September. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 421.6(Average Objective).
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