MRCI's Scenario Summary

MRCI's Scenario^SM Summary

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

Scenario^SM Summary Nov 30, 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

#DJ

Higher

Nov

23377.00

24328.00

23243.00

24272.00

95%

90%

24328.00

25595.51

24272.00

#TRAN

Higher

Nov

9758.00

10348.00

9420.00

10275.00

92%

88%

10348.00

11174.89

10275.00

#OEX

Higher

Nov

1136.85

1172.10

1127.75

1167.80

90%

89%

1172.10

1230.98

1167.80

#NDX

Higher

Nov

6248.60

6426.00

6194.60

6365.60

74%

95%

6426.00

6968.20

6365.60

#RUT

Higher

Nov

1502.85

1551.70

1454.15

1544.15

92%

96%

1551.70

1652.81

1544.15

#MID

Higher

Nov

1835.10

1906.90

1807.05

1899.20

92%

96%

1906.90

2015.53

1899.20

#VLE

Higher

Nov

5830.30

6058.80

5719.60

6040.00

94%

96%

6058.80

6409.89

6040.00

#SP

Higher

Nov

2575.25

2657.75

2557.45

2647.60

90%

2657.75

2792.40

2647.60

SPH8

Higher

Nov

2573.00

2660.00

2557.80

2650.00

90%

96%

2660.00

2788.98

2650.00

EUH8

Higher

Nov

117.47

120.44

116.49

119.78

83%

88%

120.44

125.68

119.78

BPH8

Higher

Nov

133.40

135.98

130.98

135.73

95%

88%

135.98

140.46

135.73

SIH8

Lower

Nov

1679.0

1748.5

1634.5

1647.4

11%

85%

1634.5

1511.4

1647.4

PAH8

Higher

Nov

971.00

1023.95

967.30

1003.55

64%

90%

1023.95

1184.39

1003.55

CLH8

Higher

Nov

54.72

58.81

54.27

57.40

69%

88%

58.81

65.67

57.40

CLJ8

Higher

Nov

54.67

58.50

54.23

57.28

71%

88%

58.50

64.85

57.28

CLK8

Higher

Nov

54.54

58.20

54.12

57.09

73%

87%

58.20

64.70

57.09

ITCOJ8

Higher

Nov

60.24

63.88

59.35

62.07

60%

93%

63.88

69.08

62.07

ITCOK8

Higher

Nov

60.06

63.65

59.18

61.84

60%

85%

63.65

68.63

61.84

ITCOM8

Higher

Nov

59.84

63.38

58.99

61.63

60%

85%

63.38

68.21

61.63

NGH8

Lower

Nov

3.000

3.272

2.894

2.999

28%

84%

2.894

2.364

2.999

NGJ8

Higher

Nov

2.862

3.000

2.808

2.867

31%

86%

3.000

3.637

2.867

NGK8

Higher

Nov

2.851

2.971

2.807

2.861

33%

88%

2.971

3.412

2.861

CBH8

Higher

Nov

60.44

64.13

59.53

62.34

61%

93%

64.13

69.54

62.34

CBJ8

Higher

Nov

60.24

63.88

59.35

62.07

60%

93%

63.88

69.08

62.07

CBK8

Higher

Nov

60.06

63.65

59.18

61.84

60%

85%

63.65

68.63

61.84

WH8

Lower

Nov

436.00

450.25

424.25

433.00

34%

91%

424.25

385.97

433.00

WK8

Lower

Nov

449.25

461.75

436.50

445.00

34%

92%

436.50

400.97

445.00

KWH8

Lower

Nov

434.50

451.50

422.00

431.50

32%

86%

422.00

389.77

431.50

KWK8

Lower

Nov

448.50

464.00

435.00

444.00

31%

88%

435.00

402.41

444.00

CTH8

Higher

Nov

68.34

73.46

68.06

72.81

88%

86%

73.46

81.23

72.81

CTK8

Higher

Nov

69.42

74.01

69.14

73.48

89%

85%

74.01

81.19

73.48

DJIA Index: The #DJ(Mkt) ended Higher(Cond) for November(Month). Compared to October's 23377.00(Prev Close), the market ended November at 24272.00(Month Close), that being 95%(Pct Range) off of 23243.00(Month Low) to 24328.00(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in November than October in 31(Cond Years) of those years. Of those 31, the #DJ went on to exceed the November high within the next 2 months in 28 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the the #DJ should exceed 24328.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 28 years) a potential move toward 25595.51(Average Objective).
Dow Jones Transportation: The #TRAN(Mkt) ended Higher(Cond) for November(Month). Compared to October's 9758.00(Prev Close), the market ended November at 10275.00(Month Close), that being 92%(Pct Range) off of 9420.00(Month Low) to 10348.00(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in November than October in 33(Cond Years) of those years. Of those 33, the #TRAN went on to exceed the November high within the next 2 months in 29 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #TRAN should exceed 10348.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 29 years) a potential move toward 11174.89(Average Objective).
S & P 100(OEX): The #OEX(Mkt) ended Higher(Cond) for November(Month). Compared to October's 1136.85(Prev Close), the market ended November at 1167.80(Month Close), that being 90%(Pct Range) off of 1127.75(Month Low) to 1172.10(Month High).

In comparing the October/November closes for each of the last 41 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in November than October in 27(Cond Years) of those years. Of those 27, the #OEX went on to exceed the November high within the next 2 months in 24 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the the #OEX should exceed 1172.10(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 1230.98(Average Objective).
NASDAQ 100 Index: The #NDX(Mkt) ended Higher(Cond) for November(Month). Compared to October's 6248.60(Prev Close), the market ended November at 6365.60(Month Close), that being 74%(Pct Range) off of 6194.60(Month Low) to 6426.00(Month High).

In comparing the October/November closes for each of the last 31 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in November than October in 20(Cond Years) of those years. Of those 20, the #NDX went on to exceed the November 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 #NDX should exceed 6426.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 6968.20(Average Objective).
Russell 2000 Index: The #RUT(Mkt) ended Higher(Cond) for November(Month). Compared to October's 1502.85(Prev Close), the market ended November at 1544.15(Month Close), that being 92%(Pct Range) off of 1454.15(Month Low) to 1551.70(Month High).

In comparing the October/November closes for each of the last 38 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in November than October in 25(Cond Years) of those years. Of those 25, the #RUT went on to exceed the November 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 the #RUT should exceed 1551.70(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 1652.81(Average Objective).
S & P Midcap 400 Index: The #MID(Mkt) ended Higher(Cond) for November(Month). Compared to October's 1835.10(Prev Close), the market ended November at 1899.20(Month Close), that being 92%(Pct Range) off of 1807.05(Month Low) to 1906.90(Month High).

In comparing the October/November closes for each of the last 36 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed higher in November than October in 25(Cond Years) of those years. Of those 25, the #MID went on to exceed the November 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 the #MID should exceed 1906.90(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 2015.53(Average Objective).
Value Line Index: The #VLE(Mkt) ended Higher(Cond) for November(Month). Compared to October's 5830.30(Prev Close), the market ended November at 6040.00(Month Close), that being 94%(Pct Range) off of 5719.60(Month Low) to 6058.80(Month High).

In comparing the October/November closes for each of the last 34 years(Total Years), Scenario found that the Value Line Index also closed higher in November than October in 24(Cond Years) of those years. Of those 24, the #VLE went on to exceed the November high within the next 2 months in 23 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the the #VLE should exceed 6058.80(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 6409.89(Average Objective).
S & P 500 Stock Index: The #SP(Mkt) ended Higher(Cond) for November(Month). Compared to October's 2575.25(Prev Close), the market ended November at 2647.60(Month Close), that being 90%(Pct Range) off of 2557.45(Month Low) to 2657.75(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in November than October in 31(Cond Years) of those years. Of those 31, the #SP went on to exceed the November high within the next 2 months in 28 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the the #SP should exceed 2657.75(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 28 years) a potential move toward 2792.40(Average Objective).
March S & P 500(CME): The SPH8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 2573.00(Prev Close), the market ended November at 2650.00(Month Close), that being 90%(Pct Range) off of 2557.80(Month Low) to 2660.00(Month High).

In comparing the October/November closes for each of the last 35 years(Total Years), Scenario found that the March S & P 500(CME) also closed higher in November than October in 25(Cond Years) of those years. Of those 25, SPH went on to exceed the November 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 SPH should exceed 2660.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 2788.98(Average Objective).
March EuroFX(CME): The EUH8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 117.47(Prev Close), the market ended November at 119.78(Month Close), that being 83%(Pct Range) off of 116.49(Month Low) to 120.44(Month High).

In comparing the October/November closes for each of the last 19 years(Total Years), Scenario found that the March EuroFX(CME) also closed higher in November than October in 8(Cond Years) of those years. Of those 8, EUH went on to exceed the November high within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the EUH should exceed 120.44(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 125.68(Average Objective).
March British Pound(CME): The BPH8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 133.40(Prev Close), the market ended November at 135.73(Month Close), that being 95%(Pct Range) off of 130.98(Month Low) to 135.98(Month High).

In comparing the October/November closes for each of the last 42 years(Total Years), Scenario found that the March British Pound(CME) also closed higher in November than October in 17(Cond Years) of those years. Of those 17, BPH went on to exceed the November high within the next 2 months in 15 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the BPH should exceed 135.98(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 140.46(Average Objective).
March Silver(CMX): The SIH8(Mkt) ended Lower(Cond) for November(Month). Compared to October's 1679.0(Prev Close), the market ended November at 1647.4(Month Close), that being 11%(Pct Range) off of 1634.5(Month Low) to 1748.5(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the March Silver(CMX) also closed lower in November than October in 27(Cond Years) of those years. Of those 27, SIH went on to penetrate the November 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 SIH should penetrate 1634.5(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 1511.4(Average Objective).
March Palladium(NYMEX): The PAH8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 971.00(Prev Close), the market ended November at 1003.55(Month Close), that being 64%(Pct Range) off of 967.30(Month Low) to 1023.95(Month High).

In comparing the October/November closes for each of the last 39 years(Total Years), Scenario found that the March Palladium(NYMEX) also closed higher in November than October in 20(Cond Years) of those years. Of those 20, PAH went on to exceed the November 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 PAH should exceed 1023.95(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 1184.39(Average Objective).
March Crude Oil(NYM): The CLH8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 54.72(Prev Close), the market ended November at 57.40(Month Close), that being 69%(Pct Range) off of 54.27(Month Low) to 58.81(Month High).

In comparing the October/November closes for each of the last 34 years(Total Years), Scenario found that the March Crude Oil(NYM) also closed higher in November than October in 16(Cond Years) of those years. Of those 16, CLH went on to exceed the November 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 CLH should exceed 58.81(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 65.67(Average Objective).
April Crude Oil(NYM): The CLJ8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 54.67(Prev Close), the market ended November at 57.28(Month Close), that being 71%(Pct Range) off of 54.23(Month Low) to 58.50(Month High).

In comparing the October/November closes for each of the last 34 years(Total Years), Scenario found that the April Crude Oil(NYM) also closed higher in November than October in 16(Cond Years) of those years. Of those 16, CLJ went on to exceed the November 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 CLJ should exceed 58.50(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 64.85(Average Objective).
May Crude Oil(NYM): The CLK8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 54.54(Prev Close), the market ended November at 57.09(Month Close), that being 73%(Pct Range) off of 54.12(Month Low) to 58.20(Month High).

In comparing the October/November closes for each of the last 34 years(Total Years), Scenario found that the May Crude Oil(NYM) also closed higher in November than October in 15(Cond Years) of those years. Of those 15, CLK went on to exceed the November 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 CLK should exceed 58.20(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 64.70(Average Objective).
April Brent Crude Oil(ICE): The ITCOJ8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 60.24(Prev Close), the market ended November at 62.07(Month Close), that being 60%(Pct Range) off of 59.35(Month Low) to 63.88(Month High).

In comparing the October/November closes for each of the last 28 years(Total Years), Scenario found that the April Brent Crude Oil(ICE) also closed higher in November than October in 14(Cond Years) of those years. Of those 14, ITCOJ went on to exceed the November 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 ITCOJ should exceed 63.88(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 69.08(Average Objective).
May Brent Crude Oil(ICE): The ITCOK8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 60.06(Prev Close), the market ended November at 61.84(Month Close), that being 60%(Pct Range) off of 59.18(Month Low) to 63.65(Month High).

In comparing the October/November closes for each of the last 27 years(Total Years), Scenario found that the May Brent Crude Oil(ICE) also closed higher in November than October in 13(Cond Years) of those years. Of those 13, ITCOK went on to exceed the November high within the next 2 months in 11 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the ITCOK should exceed 63.65(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 68.63(Average Objective).
June Brent Crude Oil(ICE): The ITCOM8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 59.84(Prev Close), the market ended November at 61.63(Month Close), that being 60%(Pct Range) off of 58.99(Month Low) to 63.38(Month High).

In comparing the October/November closes for each of the last 26 years(Total Years), Scenario found that the June Brent Crude Oil(ICE) also closed higher in November than October in 13(Cond Years) of those years. Of those 13, ITCOM went on to exceed the November high within the next 2 months in 11 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the ITCOM should exceed 63.38(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 68.21(Average Objective).
March Natural Gas(NYM): The NGH8(Mkt) ended Lower(Cond) for November(Month). Compared to October's 3.000(Prev Close), the market ended November at 2.999(Month Close), that being 28%(Pct Range) off of 2.894(Month Low) to 3.272(Month High).

In comparing the October/November closes for each of the last 27 years(Total Years), Scenario found that the March Natural Gas(NYM) also closed lower in November than October in 19(Cond Years) of those years. Of those 19, NGH went on to penetrate the November 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 NGH should penetrate 2.894(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 2.364(Average Objective).
April Natural Gas(NYM): The NGJ8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 2.862(Prev Close), the market ended November at 2.867(Month Close), that being 31%(Pct Range) off of 2.808(Month Low) to 3.000(Month High).

In comparing the October/November closes for each of the last 27 years(Total Years), Scenario found that the April Natural Gas(NYM) also closed higher in November than October in 7(Cond Years) of those years. Of those 7, NGJ went on to exceed the November 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 NGJ should exceed 3.000(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 3.637(Average Objective).
May Natural Gas(NYM): The NGK8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 2.851(Prev Close), the market ended November at 2.861(Month Close), that being 33%(Pct Range) off of 2.807(Month Low) to 2.971(Month High).

In comparing the October/November closes for each of the last 27 years(Total Years), Scenario found that the May Natural Gas(NYM) also closed higher in November than October in 8(Cond Years) of those years. Of those 8, NGK went on to exceed the November high within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the NGK should exceed 2.971(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 3.412(Average Objective).
March Brent Crude Oil(ICE): The CBH8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 60.44(Prev Close), the market ended November at 62.34(Month Close), that being 61%(Pct Range) off of 59.53(Month Low) to 64.13(Month High).

In comparing the October/November closes for each of the last 28 years(Total Years), Scenario found that the March Brent Crude Oil(ICE) also closed higher in November than October in 14(Cond Years) of those years. Of those 14, CBH went on to exceed the November 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 CBH should exceed 64.13(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 69.54(Average Objective).
April Brent Crude Oil(ICE): The CBJ8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 60.24(Prev Close), the market ended November at 62.07(Month Close), that being 60%(Pct Range) off of 59.35(Month Low) to 63.88(Month High).

In comparing the October/November closes for each of the last 28 years(Total Years), Scenario found that the April Brent Crude Oil(ICE) also closed higher in November than October in 14(Cond Years) of those years. Of those 14, CBJ went on to exceed the November 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 CBJ should exceed 63.88(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 69.08(Average Objective).
May Brent Crude Oil(ICE): The CBK8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 60.06(Prev Close), the market ended November at 61.84(Month Close), that being 60%(Pct Range) off of 59.18(Month Low) to 63.65(Month High).

In comparing the October/November closes for each of the last 27 years(Total Years), Scenario found that the May Brent Crude Oil(ICE) also closed higher in November than October in 13(Cond Years) of those years. Of those 13, CBK went on to exceed the November high within the next 2 months in 11 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the CBK should exceed 63.65(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 68.63(Average Objective).
March Wheat(CBOT): The WH8(Mkt) ended Lower(Cond) for November(Month). Compared to October's 436.00(Prev Close), the market ended November at 433.00(Month Close), that being 34%(Pct Range) off of 424.25(Month Low) to 450.25(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the March Wheat(CBOT) also closed lower in November than October in 23(Cond Years) of those years. Of those 23, WH went on to penetrate the November low within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the WH should penetrate 424.25(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 385.97(Average Objective).
May Wheat(CBOT): The WK8(Mkt) ended Lower(Cond) for November(Month). Compared to October's 449.25(Prev Close), the market ended November at 445.00(Month Close), that being 34%(Pct Range) off of 436.50(Month Low) to 461.75(Month High).

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

Therefore, the historical odds are high that the WK should penetrate 436.50(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 400.97(Average Objective).
March Wheat(KCBT): The KWH8(Mkt) ended Lower(Cond) for November(Month). Compared to October's 434.50(Prev Close), the market ended November at 431.50(Month Close), that being 32%(Pct Range) off of 422.00(Month Low) to 451.50(Month High).

In comparing the October/November closes for each of the last 41 years(Total Years), Scenario found that the March Wheat(KCBT) also closed lower in November than October in 22(Cond Years) of those years. Of those 22, KWH went on to penetrate the November low within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the KWH should penetrate 422.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 389.77(Average Objective).
May Wheat(KCBT): The KWK8(Mkt) ended Lower(Cond) for November(Month). Compared to October's 448.50(Prev Close), the market ended November at 444.00(Month Close), that being 31%(Pct Range) off of 435.00(Month Low) to 464.00(Month High).

In comparing the October/November closes for each of the last 41 years(Total Years), Scenario found that the May Wheat(KCBT) also closed lower in November than October in 24(Cond Years) of those years. Of those 24, KWK went on to penetrate the November low within the next 2 months in 21 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the KWK should penetrate 435.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 402.41(Average Objective).
March Cotton(ICE): The CTH8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 68.34(Prev Close), the market ended November at 72.81(Month Close), that being 88%(Pct Range) off of 68.06(Month Low) to 73.46(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the March Cotton(ICE) also closed higher in November than October in 22(Cond Years) of those years. Of those 22, CTH went on to exceed the November 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 CTH should exceed 73.46(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 81.23(Average Objective).
May Cotton(ICE): The CTK8(Mkt) ended Higher(Cond) for November(Month). Compared to October's 69.42(Prev Close), the market ended November at 73.48(Month Close), that being 89%(Pct Range) off of 69.14(Month Low) to 74.01(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the May Cotton(ICE) also closed higher in November than October in 20(Cond Years) of those years. Of those 20, CTK went on to exceed the November 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 CTK should exceed 74.01(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 81.19(Average Objective).

Moore Research Center, Inc.

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