MRCI's Scenario Summary

MRCI's Scenario^SM Summary

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

Scenario^SM Summary Mar 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

#UTIL

Higher

Mar

668.80

696.80

660.05

692.65

89%

100%

696.80

728.46

692.65

#RUT

Higher

Mar

1512.45

1603.80

1494.00

1601.05

97%

96%

Yes

1696.43

1601.05

SFM8

Lower

Mar

106.94

108.04

104.99

105.14

95%

104.99

101.03

105.14

EUM8

Higher

Mar

123.02

125.54

122.54

123.59

35%

100%

125.54

131.44

123.59

JYM8

Lower

Mar

94.46

96.15

93.82

94.44

27%

87%

93.82

90.75

94.44

BPM8

Higher

Mar

138.33

142.94

137.79

140.58

54%

85%

142.94

147.51

140.58

DXM8

Lower

Mar

90.155

90.490

88.530

89.813

65%

100%

88.530

85.424

89.813

CLN8

Higher

Mar

60.67

65.96

59.23

64.54

79%

91%

65.96

72.24

64.54

CLQ8

Higher

Mar

60.14

65.39

58.69

64.04

80%

88%

65.39

71.58

64.04

CLU8

Higher

Mar

59.58

64.80

58.19

63.48

80%

92%

64.80

70.40

63.48

ITCOQ8

Higher

Mar

63.78

69.48

62.30

68.36

84%

94%

69.48

76.51

68.36

ITCOU8

Higher

Mar

63.44

69.03

61.98

67.91

84%

94%

69.03

75.70

67.91

ITCOV8

Higher

Mar

63.07

68.53

61.65

67.49

85%

94%

68.53

75.30

67.49

HON8

Higher

Mar

190.23

204.80

185.06

201.80

85%

96%

204.80

225.62

201.80

HOQ8

Higher

Mar

190.17

204.68

185.04

201.71

85%

96%

204.68

224.70

201.71

HOU8

Higher

Mar

190.26

204.74

185.20

201.85

85%

96%

204.74

222.89

201.85

RBQ8

Higher

Mar

190.25

203.44

184.00

200.34

84%

88%

203.44

223.18

200.34

RBU8

Higher

Mar

187.34

200.99

181.30

197.97

85%

88%

200.99

220.61

197.97

NGN8

Higher

Mar

2.779

2.919

2.735

2.832

53%

100%

2.919

3.288

2.832

NGQ8

Higher

Mar

2.791

2.929

2.760

2.847

51%

100%

2.929

3.296

2.847

NGU8

Higher

Mar

2.773

2.908

2.747

2.833

53%

100%

2.908

3.261

2.833

CBN8

Higher

Mar

64.13

69.94

62.62

68.85

85%

94%

69.94

77.47

68.85

CBQ8

Higher

Mar

63.78

69.48

62.30

68.36

84%

94%

69.48

76.51

68.36

CBU8

Higher

Mar

63.44

69.03

61.98

67.91

84%

94%

69.03

75.69

67.91

SX8

Higher

Mar

1032.25

1049.25

1009.75

1047.75

96%

87%

1049.25

1121.37

1047.75

BOQ8

Lower

Mar

32.52

33.17

31.74

32.26

36%

84%

31.74

30.02

32.26

CN8

Higher

Mar

389.50

402.75

377.50

396.25

74%

91%

402.75

426.79

396.25

CU8

Higher

Mar

395.00

407.00

384.00

403.25

84%

92%

407.00

436.37

403.25

CZ8

Higher

Mar

401.50

412.00

391.50

411.50

98%

84%

412.00

442.58

411.50

RRU8

Higher

Mar

11.75

11.90

11.58

11.81

71%

89%

11.90

12.92

11.81

LCM8

Lower

Mar

115.600

116.480

102.585

87%

102.585

95.725

102.585

LCQ8

Lower

Mar

112.980

113.885

101.450

101.480

86%

101.450

95.992

101.480

JOU8

Lower

Mar

144.65

143.80

136.95

141.70

69%

84%

136.95

124.61

141.70

KCN8

Lower

Mar

124.10

126.20

118.70

120.20

20%

86%

118.70

108.56

120.20

Dow Jones Utilities: The #UTIL(Mkt) ended Higher(Cond) for March(Month). Compared to February's 668.80(Prev Close), the market ended March at 692.65(Month Close), that being 89%(Pct Range) off of 660.05(Month Low) to 696.80(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in March than February in 24(Cond Years) of those years. Of those 24, the #UTIL went on to exceed the March high within the next 2 months in 24 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #UTIL should exceed 696.80(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 728.46(Average Objective).
Russell 2000 Index: The #RUT(Mkt) ended Higher(Cond) for March(Month). Compared to February's 1512.45(Prev Close), the market ended March at 1601.05(Month Close), that being 97%(Pct Range) off of 1494.00(Month Low) to 1603.80(Month High).

In comparing the February/March closes for each of the last 39 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in March than February in 27(Cond Years) of those years. Of those 27, the #RUT went on to exceed the March 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 #RUT should exceed 1603.80(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 26 years) a potential move toward 1696.43(Average Objective).
June Swiss Franc(CME): The SFM8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 106.94(Prev Close), the market ended March at 105.14(Month Close), that being 5%(Pct Range) off of 104.99(Month Low) to 108.04(Month High).

In comparing the February/March closes for each of the last 42 years(Total Years), Scenario found that the June Swiss Franc(CME) also closed lower in March than February in 21(Cond Years) of those years. Of those 21, SFM went on to penetrate the March 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 SFM should penetrate 104.99(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 101.03(Average Objective).
June EuroFX(CME): The EUM8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 123.02(Prev Close), the market ended March at 123.59(Month Close), that being 35%(Pct Range) off of 122.54(Month Low) to 125.54(Month High).

In comparing the February/March closes for each of the last 19 years(Total Years), Scenario found that the June EuroFX(CME) also closed higher in March than February in 9(Cond Years) of those years. Of those 9, EUM went on to exceed the March high within the next 2 months in 9 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the EUM should exceed 125.54(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 131.44(Average Objective).
June Japanese Yen(CME): The JYM8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 94.46(Prev Close), the market ended March at 94.44(Month Close), that being 27%(Pct Range) off of 93.82(Month Low) to 96.15(Month High).

In comparing the February/March closes for each of the last 41 years(Total Years), Scenario found that the June Japanese Yen(CME) also closed lower in March than February in 23(Cond Years) of those years. Of those 23, JYM went on to penetrate the March low within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the JYM should penetrate 93.82(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 90.75(Average Objective).
June British Pound(CME): The BPM8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 138.33(Prev Close), the market ended March at 140.58(Month Close), that being 54%(Pct Range) off of 137.79(Month Low) to 142.94(Month High).

In comparing the February/March closes for each of the last 42 years(Total Years), Scenario found that the June British Pound(CME) also closed higher in March than February in 20(Cond Years) of those years. Of those 20, BPM went on to exceed the March high within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the BPM should exceed 142.94(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 147.51(Average Objective).
June US Dollar Index(ICE): The DXM8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 90.155(Prev Close), the market ended March at 89.813(Month Close), that being 65%(Pct Range) off of 88.530(Month Low) to 90.490(Month High).

In comparing the February/March closes for each of the last 32 years(Total Years), Scenario found that the June US Dollar Index(ICE) also closed lower in March than February in 16(Cond Years) of those years. Of those 16, DXM went on to penetrate the March low within the next 2 months in 16 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the DXM should penetrate 88.530(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 85.424(Average Objective).
July Crude Oil(NYM): The CLN8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 60.67(Prev Close), the market ended March at 64.54(Month Close), that being 79%(Pct Range) off of 59.23(Month Low) to 65.96(Month High).

In comparing the February/March closes for each of the last 34 years(Total Years), Scenario found that the July Crude Oil(NYM) also closed higher in March than February in 22(Cond Years) of those years. Of those 22, CLN went on to exceed the March 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 CLN should exceed 65.96(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 72.24(Average Objective).
August Crude Oil(NYM): The CLQ8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 60.14(Prev Close), the market ended March at 64.04(Month Close), that being 80%(Pct Range) off of 58.69(Month Low) to 65.39(Month High).

In comparing the February/March closes for each of the last 34 years(Total Years), Scenario found that the August Crude Oil(NYM) also closed higher in March than February in 24(Cond Years) of those years. Of those 24, CLQ went on to exceed the March high within the next 2 months in 21 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the CLQ should exceed 65.39(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 71.58(Average Objective).
September Crude Oil(NYM): The CLU8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 59.58(Prev Close), the market ended March at 63.48(Month Close), that being 80%(Pct Range) off of 58.19(Month Low) to 64.80(Month High).

In comparing the February/March closes for each of the last 34 years(Total Years), Scenario found that the September Crude Oil(NYM) also closed higher in March than February in 24(Cond Years) of those years. Of those 24, CLU went on to exceed the March high within the next 2 months in 22 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the CLU should exceed 64.80(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 70.40(Average Objective).
August Brent Crude Oil(ICE): The ITCOQ8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 63.78(Prev Close), the market ended March at 68.36(Month Close), that being 84%(Pct Range) off of 62.30(Month Low) to 69.48(Month High).

In comparing the February/March closes for each of the last 28 years(Total Years), Scenario found that the August Brent Crude Oil(ICE) also closed higher in March than February in 17(Cond Years) of those years. Of those 17, ITCOQ went on to exceed the March 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 ITCOQ should exceed 69.48(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 76.51(Average Objective).
September Brent Crude Oil(ICE): The ITCOU8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 63.44(Prev Close), the market ended March at 67.91(Month Close), that being 84%(Pct Range) off of 61.98(Month Low) to 69.03(Month High).

In comparing the February/March closes for each of the last 28 years(Total Years), Scenario found that the September Brent Crude Oil(ICE) also closed higher in March than February in 17(Cond Years) of those years. Of those 17, ITCOU went on to exceed the March 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 ITCOU should exceed 69.03(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 75.70(Average Objective).
October Brent Crude Oil(ICE): The ITCOV8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 63.07(Prev Close), the market ended March at 67.49(Month Close), that being 85%(Pct Range) off of 61.65(Month Low) to 68.53(Month High).

In comparing the February/March closes for each of the last 26 years(Total Years), Scenario found that the October Brent Crude Oil(ICE) also closed higher in March than February in 17(Cond Years) of those years. Of those 17, ITCOV went on to exceed the March 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 ITCOV should exceed 68.53(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 75.30(Average Objective).
July NY Harbor ULSD(NYM): The HON8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 190.23(Prev Close), the market ended March at 201.80(Month Close), that being 85%(Pct Range) off of 185.06(Month Low) to 204.80(Month High).

In comparing the February/March closes for each of the last 38 years(Total Years), Scenario found that the July NY Harbor ULSD(NYM) also closed higher in March than February in 26(Cond Years) of those years. Of those 26, HON went on to exceed the March high within the next 2 months in 25 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the HON should exceed 204.80(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 225.62(Average Objective).
August NY Harbor ULSD(NYM): The HOQ8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 190.17(Prev Close), the market ended March at 201.71(Month Close), that being 85%(Pct Range) off of 185.04(Month Low) to 204.68(Month High).

In comparing the February/March closes for each of the last 38 years(Total Years), Scenario found that the August NY Harbor ULSD(NYM) also closed higher in March than February in 26(Cond Years) of those years. Of those 26, HOQ went on to exceed the March high within the next 2 months in 25 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the HOQ should exceed 204.68(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 224.70(Average Objective).
September NY Harbor ULSD(NYM): The HOU8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 190.26(Prev Close), the market ended March at 201.85(Month Close), that being 85%(Pct Range) off of 185.20(Month Low) to 204.74(Month High).

In comparing the February/March closes for each of the last 38 years(Total Years), Scenario found that the September NY Harbor ULSD(NYM) also closed higher in March than February in 25(Cond Years) of those years. Of those 25, HOU went on to exceed the March high within the next 2 months in 24 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the HOU should exceed 204.74(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 222.89(Average Objective).
August RBOB Gasoline(NYM): The RBQ8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 190.25(Prev Close), the market ended March at 200.34(Month Close), that being 84%(Pct Range) off of 184.00(Month Low) to 203.44(Month High).

In comparing the February/March closes for each of the last 32 years(Total Years), Scenario found that the August RBOB Gasoline(NYM) also closed higher in March than February in 24(Cond Years) of those years. Of those 24, RBQ went on to exceed the March high within the next 2 months in 21 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the RBQ should exceed 203.44(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 223.18(Average Objective).
September RBOB Gasoline(NYM): The RBU8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 187.34(Prev Close), the market ended March at 197.97(Month Close), that being 85%(Pct Range) off of 181.30(Month Low) to 200.99(Month High).

In comparing the February/March closes for each of the last 32 years(Total Years), Scenario found that the September RBOB Gasoline(NYM) also closed higher in March than February in 25(Cond Years) of those years. Of those 25, RBU went on to exceed the March high within the next 2 months in 22 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the RBU should exceed 200.99(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 220.61(Average Objective).
July Natural Gas(NYM): The NGN8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 2.779(Prev Close), the market ended March at 2.832(Month Close), that being 53%(Pct Range) off of 2.735(Month Low) to 2.919(Month High).

In comparing the February/March closes for each of the last 27 years(Total Years), Scenario found that the July Natural Gas(NYM) also closed higher in March than February in 18(Cond Years) of those years. Of those 18, NGN went on to exceed the March high within the next 2 months in 18 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NGN should exceed 2.919(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 3.288(Average Objective).
August Natural Gas(NYM): The NGQ8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 2.791(Prev Close), the market ended March at 2.847(Month Close), that being 51%(Pct Range) off of 2.760(Month Low) to 2.929(Month High).

In comparing the February/March closes for each of the last 27 years(Total Years), Scenario found that the August Natural Gas(NYM) also closed higher in March than February in 18(Cond Years) of those years. Of those 18, NGQ went on to exceed the March high within the next 2 months in 18 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NGQ should exceed 2.929(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 3.296(Average Objective).
September Natural Gas(NYM): The NGU8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 2.773(Prev Close), the market ended March at 2.833(Month Close), that being 53%(Pct Range) off of 2.747(Month Low) to 2.908(Month High).

In comparing the February/March closes for each of the last 27 years(Total Years), Scenario found that the September Natural Gas(NYM) also closed higher in March than February in 18(Cond Years) of those years. Of those 18, NGU went on to exceed the March high within the next 2 months in 18 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NGU should exceed 2.908(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 3.261(Average Objective).
July Brent Crude Oil(ICE): The CBN8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 64.13(Prev Close), the market ended March at 68.85(Month Close), that being 85%(Pct Range) off of 62.62(Month Low) to 69.94(Month High).

In comparing the February/March closes for each of the last 28 years(Total Years), Scenario found that the July Brent Crude Oil(ICE) also closed higher in March than February in 17(Cond Years) of those years. Of those 17, CBN went on to exceed the March 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 CBN should exceed 69.94(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 77.47(Average Objective).
August Brent Crude Oil(ICE): The CBQ8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 63.78(Prev Close), the market ended March at 68.36(Month Close), that being 84%(Pct Range) off of 62.30(Month Low) to 69.48(Month High).

In comparing the February/March closes for each of the last 28 years(Total Years), Scenario found that the August Brent Crude Oil(ICE) also closed higher in March than February in 17(Cond Years) of those years. Of those 17, CBQ went on to exceed the March 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 CBQ should exceed 69.48(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 76.51(Average Objective).
September Brent Crude Oil(ICE): The CBU8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 63.44(Prev Close), the market ended March at 67.91(Month Close), that being 84%(Pct Range) off of 61.98(Month Low) to 69.03(Month High).

In comparing the February/March closes for each of the last 28 years(Total Years), Scenario found that the September Brent Crude Oil(ICE) also closed higher in March than February in 17(Cond Years) of those years. Of those 17, CBU went on to exceed the March 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 CBU should exceed 69.03(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 75.69(Average Objective).
November Soybeans(CBOT): The SX8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 1032.25(Prev Close), the market ended March at 1047.75(Month Close), that being 96%(Pct Range) off of 1009.75(Month Low) to 1049.25(Month High).

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

Therefore, the historical odds are high that the SX should exceed 1049.25(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 1121.37(Average Objective).
August Soybean Oil(CBOT): The BOQ8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 32.52(Prev Close), the market ended March at 32.26(Month Close), that being 36%(Pct Range) off of 31.74(Month Low) to 33.17(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the August Soybean Oil(CBOT) also closed lower in March than February in 19(Cond Years) of those years. Of those 19, BOQ went on to penetrate the March low within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the BOQ should penetrate 31.74(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 30.02(Average Objective).
July Corn(CBOT): The CN8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 389.50(Prev Close), the market ended March at 396.25(Month Close), that being 74%(Pct Range) off of 377.50(Month Low) to 402.75(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the July Corn(CBOT) also closed higher in March than February in 23(Cond Years) of those years. Of those 23, CN went on to exceed the March high within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the CN should exceed 402.75(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 426.79(Average Objective).
September Corn(CBOT): The CU8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 395.00(Prev Close), the market ended March at 403.25(Month Close), that being 84%(Pct Range) off of 384.00(Month Low) to 407.00(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the September Corn(CBOT) also closed higher in March than February in 26(Cond Years) of those years. Of those 26, CU went on to exceed the March 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 CU should exceed 407.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 436.37(Average Objective).
December Corn(CBOT): The CZ8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 401.50(Prev Close), the market ended March at 411.50(Month Close), that being 98%(Pct Range) off of 391.50(Month Low) to 412.00(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the December Corn(CBOT) also closed higher in March than February in 25(Cond Years) of those years. Of those 25, CZ went on to exceed the March high within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the CZ should exceed 412.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 442.58(Average Objective).
September Rough Rice(CBOT): The RRU8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 11.75(Prev Close), the market ended March at 11.81(Month Close), that being 71%(Pct Range) off of 11.58(Month Low) to 11.90(Month High).

In comparing the February/March closes for each of the last 31 years(Total Years), Scenario found that the September Rough Rice(CBOT) also closed higher in March than February in 18(Cond Years) of those years. Of those 18, RRU went on to exceed the March 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 RRU should exceed 11.90(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 12.92(Average Objective).
June Live Cattle(CME): The LCM8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 115.600(Prev Close), the market ended March at 102.585(Month Close), that being 0%(Pct Range) off of 102.585(Month Low) to 116.480(Month High).

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

Therefore, the historical odds are high that the LCM should penetrate 102.585(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 95.725(Average Objective).
August Live Cattle(CME): The LCQ8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 112.980(Prev Close), the market ended March at 101.480(Month Close), that being 0%(Pct Range) off of 101.450(Month Low) to 113.885(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the August Live Cattle(CME) also closed lower in March than February in 22(Cond Years) of those years. Of those 22, LCQ went on to penetrate the March 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 LCQ should penetrate 101.450(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 95.992(Average Objective).
September Orange Juice(ICE): The JOU8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 144.65(Prev Close), the market ended March at 141.70(Month Close), that being 69%(Pct Range) off of 136.95(Month Low) to 143.80(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the September Orange Juice(ICE) also closed lower in March than February in 19(Cond Years) of those years. Of those 19, JOU went on to penetrate the March low within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the JOU should penetrate 136.95(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 124.61(Average Objective).
July Coffee "C"(ICE): The KCN8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 124.10(Prev Close), the market ended March at 120.20(Month Close), that being 20%(Pct Range) off of 118.70(Month Low) to 126.20(Month High).

In comparing the February/March closes for each of the last 44 years(Total Years), Scenario found that the July Coffee "C"(ICE) also closed lower in March than February in 21(Cond Years) of those years. Of those 21, KCN went on to penetrate the March low within the next 2 months in 18 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the KCN should penetrate 118.70(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 108.56(Average Objective).

Moore Research Center, Inc.

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