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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 Jan 31, 2018
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 Jan 24719.00 26617.00 24742.00 26149.00 75% 45 27 26 96% 26617.00 28029.77 26149.00
#TRAN Higher Jan 10612.00 11424.00 10653.00 10972.00 41% 45 26 24 92% 11424.00 12251.90 10972.00
#RUT Higher Jan 1535.50 1615.50 1536.90 1577.55 52% 38 20 17 85% 1615.50 1708.07 1577.55
#MID Higher Jan 1900.55 2001.50 1904.10 1953.95 51% 36 21 20 95% 2001.50 2105.11 1953.95
#VLE Higher Jan 6092.50 6413.20 6092.50 6272.80 56% 34 20 19 95% 6413.20 6757.40 6272.80
#SSNI Higher Jan 22765 24129 23065 23098 3% 35 20 18 90% 24129 25923 23098
#SP Higher Jan 2673.60 2872.85 2682.35 2823.80 74% 45 26 24 92% 2872.85 3028.66 2823.80
SPM8 Higher Jan 2678.00 2879.10 2694.90 2830.30 74% 35 22 20 91% 2879.10 3035.99 2830.30
EUM8 Higher Jan 121.49 126.50 120.40 125.27 80% 19 7 6 86% 126.50 129.55 125.27
CDM8 Higher Jan 79.97 81.75 79.62 81.41 84% 40 13 11 85% 81.75 83.30 81.41
DXM8 Lower Jan 91.500 92.020 87.935 88.635 17% 32 14 12 86% 87.935 85.341 88.635
PLJ8 Higher Jan 938.3 1033.3 934.5 1004.3 71% 45 29 27 93% 1033.3 1129.0 1004.3
CLK8 Higher Jan 60.27 66.02 59.99 64.31 72% 34 17 16 94% 66.02 73.21 64.31
CLM8 Higher Jan 60.06 65.52 59.75 63.96 73% 34 18 17 94% 65.52 72.14 63.96
CLN8 Higher Jan 59.76 64.96 59.53 63.53 74% 34 17 16 94% 64.96 71.45 63.53
ITCOM8 Higher Jan 65.78 69.97 65.25 68.24 63% 27 13 12 92% 69.97 77.53 68.24
ITCON8 Higher Jan 65.48 69.56 64.97 67.87 63% 26 11 11 100% 69.56 76.97 67.87
ITCOQ8 Higher Jan 65.12 69.14 64.65 67.50 63% 26 12 11 92% 69.14 76.32 67.50
HOK8 Higher Jan 199.31 208.95 198.02 204.06 55% 38 15 13 87% 208.95 231.65 204.06
HOK8 Higher Jan 199.31 208.95 198.02 204.06 55% 38 15 13 87% 208.95 231.65 204.06
RBK8 Higher Jan 199.81 210.12 197.42 206.85 74% 32 19 18 95% 210.12 234.01 206.85
RBM8 Higher Jan 199.19 208.97 196.90 205.76 73% 32 20 18 90% 208.97 233.88 205.76
RBN8 Higher Jan 197.56 206.87 195.51 203.77 73% 32 20 18 90% 206.87 230.17 203.77
NGK8 Higher Jan 2.741 2.951 2.607 2.854 72% 27 11 10 91% 2.951 3.415 2.854
NGM8 Higher Jan 2.773 2.975 2.649 2.886 73% 27 12 11 92% 2.975 3.428 2.886
NGN8 Higher Jan 2.804 3.010 2.688 2.924 73% 27 13 12 92% 3.010 3.440 2.924
CBK8 Higher Jan 66.09 70.35 65.52 68.57 63% 28 15 13 87% 70.35 79.22 68.57
CBM8 Higher Jan 65.78 69.97 65.25 68.24 63% 27 13 12 92% 69.97 77.52 68.24
CBN8 Higher Jan 65.48 69.56 64.97 67.87 63% 26 11 11 100% 69.56 76.97 67.87
CK8 Higher Jan 359.00 370.25 353.75 369.50 95% 45 24 21 88% 370.25 397.98 369.50
CN8 Higher Jan 367.25 378.00 362.00 377.25 95% 45 23 21 91% 378.00 406.98 377.25
OK8 Higher Jan 247.00 269.75 246.00 265.75 83% 43 17 15 88% 269.75 300.66 265.75
ON8 Higher Jan 254.00 270.25 251.50 267.75 87% 43 16 14 88% 270.25 298.15 267.75
FCJ8 Higher Jan 143.080 149.500 140.250 145.850 61% 45 27 23 85% 149.500 157.360 145.850
FCK8 Higher Jan 142.680 148.930 140.080 145.930 66% 45 27 24 89% 148.930 156.870 145.930
HEK8 Lower Jan 80.000 81.350 77.530 77.830 8% 16 5 5 100% 77.530 72.565 77.830
KCK8 Lower Jan 128.55 133.50 122.10 124.20 18% 44 23 21 91% 122.10 111.48 124.20
KCN8 Lower Jan 130.95 135.75 124.50 126.55 18% 44 21 20 95% 124.50 113.86 126.55
CCK8 Higher Jan 1893 2034 1840 2020 93% 45 16 15 94% 2034 2234 2020
CCN8 Higher Jan 1901 2047 1849 2035 94% 45 16 14 88% 2047 2237 2035
LBN8 Higher Jan 420.9 472.1 427.7 459.7 72% 44 23 20 87% 472.1 505.8 459.7


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for January(Month). Compared to December's 24719.00(Prev Close), the market ended January at 26149.00(Month Close), that being 75%(Pct Range) off of 24742.00(Month Low) to 26617.00(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in January than December in 27(Cond Years) of those years. Of those 27, the #DJ went on to exceed the January high within the next 2 months in 26 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the the #DJ should exceed 26617.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 26 years) a potential move toward 28029.77(Average Objective).

Dow Jones Transportation
The #TRAN(Mkt) ended Higher(Cond) for January(Month). Compared to December's 10612.00(Prev Close), the market ended January at 10972.00(Month Close), that being 41%(Pct Range) off of 10653.00(Month Low) to 11424.00(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in January than December in 26(Cond Years) of those years. Of those 26, the #TRAN went on to exceed the January high within the next 2 months in 24 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the the #TRAN should exceed 11424.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 12251.90(Average Objective).

Russell 2000 Index
The #RUT(Mkt) ended Higher(Cond) for January(Month). Compared to December's 1535.50(Prev Close), the market ended January at 1577.55(Month Close), that being 52%(Pct Range) off of 1536.90(Month Low) to 1615.50(Month High).

In comparing the December/January closes for each of the last 38 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in January than December in 20(Cond Years) of those years. Of those 20, the #RUT went on to exceed the January 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 #RUT should exceed 1615.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 1708.07(Average Objective).

S & P Midcap 400 Index
The #MID(Mkt) ended Higher(Cond) for January(Month). Compared to December's 1900.55(Prev Close), the market ended January at 1953.95(Month Close), that being 51%(Pct Range) off of 1904.10(Month Low) to 2001.50(Month High).

In comparing the December/January closes for each of the last 36 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed higher in January than December in 21(Cond Years) of those years. Of those 21, the #MID went on to exceed the January high within the next 2 months in 20 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the the #MID should exceed 2001.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 2105.11(Average Objective).

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for January(Month). Compared to December's 6092.50(Prev Close), the market ended January at 6272.80(Month Close), that being 56%(Pct Range) off of 6092.50(Month Low) to 6413.20(Month High).

In comparing the December/January closes for each of the last 34 years(Total Years), Scenario found that the Value Line Index also closed higher in January than December in 20(Cond Years) of those years. Of those 20, the #VLE went on to exceed the January high within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the the #VLE should exceed 6413.20(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 6757.40(Average Objective).

Nikkei 225 Index
The #SSNI(Mkt) ended Higher(Cond) for January(Month). Compared to December's 22765(Prev Close), the market ended January at 23098(Month Close), that being 3%(Pct Range) off of 23065(Month Low) to 24129(Month High).

In comparing the December/January closes for each of the last 35 years(Total Years), Scenario found that the Nikkei 225 Index also closed higher in January than December in 20(Cond Years) of those years. Of those 20, the #SSNI went on to exceed the January 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 #SSNI should exceed 24129(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 25923(Average Objective).

S & P 500 Stock Index
The #SP(Mkt) ended Higher(Cond) for January(Month). Compared to December's 2673.60(Prev Close), the market ended January at 2823.80(Month Close), that being 74%(Pct Range) off of 2682.35(Month Low) to 2872.85(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in January than December in 26(Cond Years) of those years. Of those 26, the #SP went on to exceed the January high within the next 2 months in 24 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the the #SP should exceed 2872.85(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 3028.66(Average Objective).

June S & P 500(CME)
The SPM8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 2678.00(Prev Close), the market ended January at 2830.30(Month Close), that being 74%(Pct Range) off of 2694.90(Month Low) to 2879.10(Month High).

In comparing the December/January closes for each of the last 35 years(Total Years), Scenario found that the June S & P 500(CME) also closed higher in January than December in 22(Cond Years) of those years. Of those 22, SPM went on to exceed the January 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 SPM should exceed 2879.10(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 3035.99(Average Objective).

June EuroFX(CME)
The EUM8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 121.49(Prev Close), the market ended January at 125.27(Month Close), that being 80%(Pct Range) off of 120.40(Month Low) to 126.50(Month High).

In comparing the December/January closes for each of the last 19 years(Total Years), Scenario found that the June EuroFX(CME) also closed higher in January than December in 7(Cond Years) of those years. Of those 7, EUM went on to exceed the January 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 EUM should exceed 126.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 129.55(Average Objective).

June Canadian Dollar(CME)
The CDM8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 79.97(Prev Close), the market ended January at 81.41(Month Close), that being 84%(Pct Range) off of 79.62(Month Low) to 81.75(Month High).

In comparing the December/January closes for each of the last 40 years(Total Years), Scenario found that the June Canadian Dollar(CME) also closed higher in January than December in 13(Cond Years) of those years. Of those 13, CDM went on to exceed the January 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 CDM should exceed 81.75(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 83.30(Average Objective).

June US Dollar Index(ICE)
The DXM8(Mkt) ended Lower(Cond) for January(Month). Compared to December's 91.500(Prev Close), the market ended January at 88.635(Month Close), that being 17%(Pct Range) off of 87.935(Month Low) to 92.020(Month High).

In comparing the December/January closes for each of the last 32 years(Total Years), Scenario found that the June US Dollar Index(ICE) also closed lower in January than December in 14(Cond Years) of those years. Of those 14, DXM went on to penetrate the January 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 DXM should penetrate 87.935(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 85.341(Average Objective).

April Platinum(NYMEX)
The PLJ8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 938.3(Prev Close), the market ended January at 1004.3(Month Close), that being 71%(Pct Range) off of 934.5(Month Low) to 1033.3(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the April Platinum(NYMEX) also closed higher in January than December in 29(Cond Years) of those years. Of those 29, PLJ went on to exceed the January high within the next 2 months in 27 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the PLJ should exceed 1033.3(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 1129.0(Average Objective).

May Crude Oil(NYM)
The CLK8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 60.27(Prev Close), the market ended January at 64.31(Month Close), that being 72%(Pct Range) off of 59.99(Month Low) to 66.02(Month High).

In comparing the December/January closes for each of the last 34 years(Total Years), Scenario found that the May Crude Oil(NYM) also closed higher in January than December in 17(Cond Years) of those years. Of those 17, CLK went on to exceed the January 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 CLK should exceed 66.02(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 73.21(Average Objective).

June Crude Oil(NYM)
The CLM8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 60.06(Prev Close), the market ended January at 63.96(Month Close), that being 73%(Pct Range) off of 59.75(Month Low) to 65.52(Month High).

In comparing the December/January closes for each of the last 34 years(Total Years), Scenario found that the June Crude Oil(NYM) also closed higher in January than December in 18(Cond Years) of those years. Of those 18, CLM went on to exceed the January 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 CLM should exceed 65.52(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 72.14(Average Objective).

July Crude Oil(NYM)
The CLN8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 59.76(Prev Close), the market ended January at 63.53(Month Close), that being 74%(Pct Range) off of 59.53(Month Low) to 64.96(Month High).

In comparing the December/January closes for each of the last 34 years(Total Years), Scenario found that the July Crude Oil(NYM) also closed higher in January than December in 17(Cond Years) of those years. Of those 17, CLN went on to exceed the January 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 CLN should exceed 64.96(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 71.45(Average Objective).

June Brent Crude Oil(ICE)
The ITCOM8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 65.78(Prev Close), the market ended January at 68.24(Month Close), that being 63%(Pct Range) off of 65.25(Month Low) to 69.97(Month High).

In comparing the December/January closes for each of the last 27 years(Total Years), Scenario found that the June Brent Crude Oil(ICE) also closed higher in January than December in 13(Cond Years) of those years. Of those 13, ITCOM went on to exceed the January 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 ITCOM should exceed 69.97(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 77.53(Average Objective).

July Brent Crude Oil(ICE)
The ITCON8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 65.48(Prev Close), the market ended January at 67.87(Month Close), that being 63%(Pct Range) off of 64.97(Month Low) to 69.56(Month High).

In comparing the December/January closes for each of the last 26 years(Total Years), Scenario found that the July Brent Crude Oil(ICE) also closed higher in January than December in 11(Cond Years) of those years. Of those 11, ITCON went on to exceed the January 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 ITCON should exceed 69.56(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 76.97(Average Objective).

August Brent Crude Oil(ICE)
The ITCOQ8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 65.12(Prev Close), the market ended January at 67.50(Month Close), that being 63%(Pct Range) off of 64.65(Month Low) to 69.14(Month High).

In comparing the December/January closes for each of the last 26 years(Total Years), Scenario found that the August Brent Crude Oil(ICE) also closed higher in January than December in 12(Cond Years) of those years. Of those 12, ITCOQ went on to exceed the January high within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the ITCOQ should exceed 69.14(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 76.32(Average Objective).

May NY Harbor ULSD(NYM)
The HOK8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 199.31(Prev Close), the market ended January at 204.06(Month Close), that being 55%(Pct Range) off of 198.02(Month Low) to 208.95(Month High).

In comparing the December/January closes for each of the last 38 years(Total Years), Scenario found that the May NY Harbor ULSD(NYM) also closed higher in January than December in 15(Cond Years) of those years. Of those 15, HOK went on to exceed the January 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 HOK should exceed 208.95(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 231.65(Average Objective).

May NY Harbor ULSD(NYM)
The HOK8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 199.31(Prev Close), the market ended January at 204.06(Month Close), that being 55%(Pct Range) off of 198.02(Month Low) to 208.95(Month High).

In comparing the December/January closes for each of the last 38 years(Total Years), Scenario found that the May NY Harbor ULSD(NYM) also closed higher in January than December in 15(Cond Years) of those years. Of those 15, HOK went on to exceed the January 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 HOK should exceed 208.95(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 231.65(Average Objective).

May RBOB Gasoline(NYM)
The RBK8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 199.81(Prev Close), the market ended January at 206.85(Month Close), that being 74%(Pct Range) off of 197.42(Month Low) to 210.12(Month High).

In comparing the December/January closes for each of the last 32 years(Total Years), Scenario found that the May RBOB Gasoline(NYM) also closed higher in January than December in 19(Cond Years) of those years. Of those 19, RBK went on to exceed the January high within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the RBK should exceed 210.12(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 234.01(Average Objective).

June RBOB Gasoline(NYM)
The RBM8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 199.19(Prev Close), the market ended January at 205.76(Month Close), that being 73%(Pct Range) off of 196.90(Month Low) to 208.97(Month High).

In comparing the December/January closes for each of the last 32 years(Total Years), Scenario found that the June RBOB Gasoline(NYM) also closed higher in January than December in 20(Cond Years) of those years. Of those 20, RBM went on to exceed the January 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 RBM should exceed 208.97(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 233.88(Average Objective).

July RBOB Gasoline(NYM)
The RBN8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 197.56(Prev Close), the market ended January at 203.77(Month Close), that being 73%(Pct Range) off of 195.51(Month Low) to 206.87(Month High).

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

Therefore, the historical odds are high that the RBN should exceed 206.87(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 230.17(Average Objective).

May Natural Gas(NYM)
The NGK8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 2.741(Prev Close), the market ended January at 2.854(Month Close), that being 72%(Pct Range) off of 2.607(Month Low) to 2.951(Month High).

In comparing the December/January closes for each of the last 27 years(Total Years), Scenario found that the May Natural Gas(NYM) also closed higher in January than December in 11(Cond Years) of those years. Of those 11, NGK went on to exceed the January 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 NGK should exceed 2.951(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 3.415(Average Objective).

June Natural Gas(NYM)
The NGM8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 2.773(Prev Close), the market ended January at 2.886(Month Close), that being 73%(Pct Range) off of 2.649(Month Low) to 2.975(Month High).

In comparing the December/January closes for each of the last 27 years(Total Years), Scenario found that the June Natural Gas(NYM) also closed higher in January than December in 12(Cond Years) of those years. Of those 12, NGM went on to exceed the January high within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the NGM should exceed 2.975(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 3.428(Average Objective).

July Natural Gas(NYM)
The NGN8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 2.804(Prev Close), the market ended January at 2.924(Month Close), that being 73%(Pct Range) off of 2.688(Month Low) to 3.010(Month High).

In comparing the December/January closes for each of the last 27 years(Total Years), Scenario found that the July Natural Gas(NYM) also closed higher in January than December in 13(Cond Years) of those years. Of those 13, NGN went on to exceed the January 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 NGN should exceed 3.010(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 3.440(Average Objective).

May Brent Crude Oil(ICE)
The CBK8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 66.09(Prev Close), the market ended January at 68.57(Month Close), that being 63%(Pct Range) off of 65.52(Month Low) to 70.35(Month High).

In comparing the December/January closes for each of the last 28 years(Total Years), Scenario found that the May Brent Crude Oil(ICE) also closed higher in January than December in 15(Cond Years) of those years. Of those 15, CBK went on to exceed the January 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 CBK should exceed 70.35(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 79.22(Average Objective).

June Brent Crude Oil(ICE)
The CBM8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 65.78(Prev Close), the market ended January at 68.24(Month Close), that being 63%(Pct Range) off of 65.25(Month Low) to 69.97(Month High).

In comparing the December/January closes for each of the last 27 years(Total Years), Scenario found that the June Brent Crude Oil(ICE) also closed higher in January than December in 13(Cond Years) of those years. Of those 13, CBM went on to exceed the January 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 CBM should exceed 69.97(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 77.52(Average Objective).

July Brent Crude Oil(ICE)
The CBN8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 65.48(Prev Close), the market ended January at 67.87(Month Close), that being 63%(Pct Range) off of 64.97(Month Low) to 69.56(Month High).

In comparing the December/January closes for each of the last 26 years(Total Years), Scenario found that the July Brent Crude Oil(ICE) also closed higher in January than December in 11(Cond Years) of those years. Of those 11, CBN went on to exceed the January 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 CBN should exceed 69.56(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 76.97(Average Objective).

May Corn(CBOT)
The CK8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 359.00(Prev Close), the market ended January at 369.50(Month Close), that being 95%(Pct Range) off of 353.75(Month Low) to 370.25(Month High).

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

Therefore, the historical odds are high that the CK should exceed 370.25(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 397.98(Average Objective).

July Corn(CBOT)
The CN8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 367.25(Prev Close), the market ended January at 377.25(Month Close), that being 95%(Pct Range) off of 362.00(Month Low) to 378.00(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the July Corn(CBOT) also closed higher in January than December in 23(Cond Years) of those years. Of those 23, CN went on to exceed the January 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 CN should exceed 378.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 406.98(Average Objective).

May Oats(CBOT)
The OK8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 247.00(Prev Close), the market ended January at 265.75(Month Close), that being 83%(Pct Range) off of 246.00(Month Low) to 269.75(Month High).

In comparing the December/January closes for each of the last 43 years(Total Years), Scenario found that the May Oats(CBOT) also closed higher in January than December in 17(Cond Years) of those years. Of those 17, OK went on to exceed the January 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 OK should exceed 269.75(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 300.66(Average Objective).

July Oats(CBOT)
The ON8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 254.00(Prev Close), the market ended January at 267.75(Month Close), that being 87%(Pct Range) off of 251.50(Month Low) to 270.25(Month High).

In comparing the December/January closes for each of the last 43 years(Total Years), Scenario found that the July Oats(CBOT) also closed higher in January than December in 16(Cond Years) of those years. Of those 16, ON went on to exceed the January 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 ON should exceed 270.25(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 298.15(Average Objective).

April Feeder Cattle(CME)
The FCJ8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 143.080(Prev Close), the market ended January at 145.850(Month Close), that being 61%(Pct Range) off of 140.250(Month Low) to 149.500(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the April Feeder Cattle(CME) also closed higher in January than December in 27(Cond Years) of those years. Of those 27, FCJ went on to exceed the January high within the next 2 months in 23 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the FCJ should exceed 149.500(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 157.360(Average Objective).

May Feeder Cattle(CME)
The FCK8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 142.680(Prev Close), the market ended January at 145.930(Month Close), that being 66%(Pct Range) off of 140.080(Month Low) to 148.930(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the May Feeder Cattle(CME) also closed higher in January than December in 27(Cond Years) of those years. Of those 27, FCK went on to exceed the January 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 FCK should exceed 148.930(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 156.870(Average Objective).

May Lean Hogs(CME)
The HEK8(Mkt) ended Lower(Cond) for January(Month). Compared to December's 80.000(Prev Close), the market ended January at 77.830(Month Close), that being 8%(Pct Range) off of 77.530(Month Low) to 81.350(Month High).

In comparing the December/January closes for each of the last 16 years(Total Years), Scenario found that the May Lean Hogs(CME) also closed lower in January than December in 5(Cond Years) of those years. Of those 5, HEK went on to penetrate the January low within the next 2 months in 5 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the HEK should penetrate 77.530(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 5 years) a potential move toward 72.565(Average Objective).

May Coffee "C"(ICE)
The KCK8(Mkt) ended Lower(Cond) for January(Month). Compared to December's 128.55(Prev Close), the market ended January at 124.20(Month Close), that being 18%(Pct Range) off of 122.10(Month Low) to 133.50(Month High).

In comparing the December/January closes for each of the last 44 years(Total Years), Scenario found that the May Coffee "C"(ICE) also closed lower in January than December in 23(Cond Years) of those years. Of those 23, KCK went on to penetrate the January 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 KCK should penetrate 122.10(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 111.48(Average Objective).

July Coffee "C"(ICE)
The KCN8(Mkt) ended Lower(Cond) for January(Month). Compared to December's 130.95(Prev Close), the market ended January at 126.55(Month Close), that being 18%(Pct Range) off of 124.50(Month Low) to 135.75(Month High).

In comparing the December/January closes for each of the last 44 years(Total Years), Scenario found that the July Coffee "C"(ICE) also closed lower in January than December in 21(Cond Years) of those years. Of those 21, KCN went on to penetrate the January 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 KCN should penetrate 124.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 113.86(Average Objective).

May Cocoa(ICE)
The CCK8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 1893(Prev Close), the market ended January at 2020(Month Close), that being 93%(Pct Range) off of 1840(Month Low) to 2034(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the May Cocoa(ICE) also closed higher in January than December in 16(Cond Years) of those years. Of those 16, CCK went on to exceed the January 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 CCK should exceed 2034(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 2234(Average Objective).

July Cocoa(ICE)
The CCN8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 1901(Prev Close), the market ended January at 2035(Month Close), that being 94%(Pct Range) off of 1849(Month Low) to 2047(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the July Cocoa(ICE) also closed higher in January than December in 16(Cond Years) of those years. Of those 16, CCN went on to exceed the January 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 CCN should exceed 2047(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 2237(Average Objective).

July Lumber(CME)
The LBN8(Mkt) ended Higher(Cond) for January(Month). Compared to December's 420.9(Prev Close), the market ended January at 459.7(Month Close), that being 72%(Pct Range) off of 427.7(Month Low) to 472.1(Month High).

In comparing the December/January closes for each of the last 44 years(Total Years), Scenario found that the July Lumber(CME) also closed higher in January than December in 23(Cond Years) of those years. Of those 23, LBN went on to exceed the January high within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the LBN should exceed 472.1(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 505.8(Average Objective).
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