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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 Apr 30, 2019
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 Apr 25929.00 26696.00 26063.00 26593.00 84% 45 30 27 90% 26696.00 27842.08 26593.00
#TRAN Higher Apr 10408.00 11148.00 10433.00 10847.00 58% 45 26 22 85% 11148.00 11790.94 10847.00
#OEX Higher Apr 596.20 654.28 603.03 649.84 91% 43 27 24 89% 654.28 694.00 649.84
#NDX Higher Apr 7378.75 7851.75 7422.25 7781.25 84% 33 19 17 89% 7851.75 8475.55 7781.25
#MID Higher Apr 1896.25 1984.75 1905.70 1970.75 82% 38 24 21 88% 1984.75 2098.90 1970.75
#VLE Higher Apr 6153.90 6404.00 6153.90 6376.10 89% 36 22 20 91% 6404.00 6766.56 6376.10
#SSNI Higher Apr 21206 22363 21471 22259 88% 45 30 26 87% Yes 23454 22259
#SP Higher Apr 2834.40 2949.50 2848.65 2945.85 96% 45 32 29 91% 2949.50 3085.26 2945.85
SPU9 Higher Apr 2842.50 2955.00 2872.00 2954.30 99% 36 25 24 96% 2955.00 3082.18 2954.30
USU9 Lower Apr 149~010 147~310 145~110 146~260 56% 41 21 18 86% 145~110 139~168 146~260
EDU9 Lower Apr 97.540 97.545 97.435 97.535 91% 37 15 14 93% 97.435 97.039 97.535
EDZ9 Lower Apr 97.570 97.580 97.425 97.560 87% 37 14 13 93% 97.425 96.956 97.560
JYU9 Lower Apr 91.43 91.36 90.02 90.75 54% 42 21 18 86% 90.02 86.57 90.75
CDU9 Lower Apr 75.18 75.58 74.23 74.91 50% 42 14 13 93% 74.23 73.09 74.91
ADU9 Lower Apr 71.22 72.26 70.17 70.74 27% 32 11 11 100% 70.17 67.03 70.74
DXU9 Higher Apr 96.330 97.500 95.840 96.660 49% 33 10 9 90% 97.500 100.878 96.660
GCQ9 Lower Apr 1304.5 1320.7 1273.9 1291.7 38% 44 25 21 84% 1273.9 1212.0 1291.7
CLN9 Higher Apr 60.40 66.44 60.39 63.98 59% 36 22 21 95% 66.44 71.49 63.98
CLQ9 Higher Apr 60.49 66.22 60.64 63.97 60% 36 22 20 91% 66.22 71.34 63.97
CLU9 Higher Apr 60.53 65.92 60.61 63.84 61% 36 23 20 87% 65.92 70.72 63.84
ITCOQ9 Higher Apr 66.94 74.04 67.07 71.45 63% 29 18 17 94% 74.04 78.91 71.45
ITCOU9 Higher Apr 66.72 73.42 66.85 70.91 62% 29 19 18 95% 73.42 79.26 70.91
ITCOV9 Higher Apr 66.51 72.86 66.63 70.42 61% 29 19 18 95% 72.86 78.62 70.42
RBN9 Higher Apr 185.20 206.45 185.44 203.32 85% 33 24 21 88% 206.45 224.03 203.32
RBQ9 Higher Apr 183.30 203.25 183.81 199.96 83% 33 23 20 87% 203.25 220.95 199.96
RBU9 Higher Apr 180.94 199.81 181.66 196.47 82% 34 25 22 88% 199.81 215.49 196.47
CBN9 Higher Apr 67.21 74.75 67.21 72.06 64% 29 18 16 89% 74.75 78.58 72.06
CBQ9 Higher Apr 66.94 74.04 67.07 71.45 63% 29 18 17 94% 74.04 78.91 71.45
CBU9 Higher Apr 66.72 73.42 66.85 70.91 62% 29 19 18 95% 73.42 79.26 70.91
BON9 Lower Apr 28.69 29.72 27.52 27.88 16% 45 19 18 95% 27.52 25.57 27.88
BOQ9 Lower Apr 28.84 29.86 27.67 28.02 16% 45 19 18 95% 27.67 25.72 28.02
BOU9 Lower Apr 29.01 30.00 27.83 28.17 16% 45 20 18 90% 27.83 25.67 28.17
SMU9 Lower Apr 313.00 318.70 302.30 303.20 5% 45 21 18 86% 302.30 282.96 303.20
CN9 Lower Apr 366.25 375.25 351.50 362.50 46% 45 29 26 90% 351.50 320.40 362.50
CU9 Lower Apr 375.00 383.75 360.00 370.50 44% 45 27 25 93% 360.00 328.42 370.50
CZ9 Lower Apr 384.75 393.50 371.75 381.00 43% 45 24 23 96% 371.75 341.30 381.00
KWN9 Lower Apr 437.75 450.00 390.50 394.00 6% 42 20 19 95% 390.50 365.64 394.00
KWU9 Lower Apr 448.75 460.75 402.25 405.50 6% 42 22 19 86% 402.25 376.40 405.50
KWZ9 Lower Apr 469.75 480.75 425.25 428.00 5% 42 22 20 91% 425.25 400.67 428.00
RRN9 Lower Apr 11.01 11.06 10.33 10.58 34% 29 13 11 85% 10.33 9.56 10.58
RRU9 Lower Apr 10.94 10.97 10.45 10.72 52% 32 15 13 87% 10.45 9.72 10.72
KCU9 Lower Apr 99.75 101.85 91.60 95.45 38% 45 23 20 87% 91.60 80.02 95.45
CTN9 Lower Apr 78.31 79.57 76.30 76.78 15% 45 18 16 89% 76.30 67.57 76.78


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for April(Month). Compared to March's 25929.00(Prev Close), the market ended April at 26593.00(Month Close), that being 84%(Pct Range) off of 26063.00(Month Low) to 26696.00(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in April than March in 30(Cond Years) of those years. Of those 30, the #DJ went on to exceed the April high within the next 2 months in 27 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the the #DJ should exceed 26696.00(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 27842.08(Average Objective).

Dow Jones Transportation
The #TRAN(Mkt) ended Higher(Cond) for April(Month). Compared to March's 10408.00(Prev Close), the market ended April at 10847.00(Month Close), that being 58%(Pct Range) off of 10433.00(Month Low) to 11148.00(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in April than March in 26(Cond Years) of those years. Of those 26, the #TRAN went on to exceed the April high within the next 2 months in 22 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the the #TRAN should exceed 11148.00(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 11790.94(Average Objective).

S & P 100(OEX)
The #OEX(Mkt) ended Higher(Cond) for April(Month). Compared to March's 596.20(Prev Close), the market ended April at 649.84(Month Close), that being 91%(Pct Range) off of 603.03(Month Low) to 654.28(Month High).

In comparing the March/April closes for each of the last 43 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in April than March in 27(Cond Years) of those years. Of those 27, the #OEX went on to exceed the April 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 654.28(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 694.00(Average Objective).

NASDAQ 100 Index
The #NDX(Mkt) ended Higher(Cond) for April(Month). Compared to March's 7378.75(Prev Close), the market ended April at 7781.25(Month Close), that being 84%(Pct Range) off of 7422.25(Month Low) to 7851.75(Month High).

In comparing the March/April closes for each of the last 33 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in April than March in 19(Cond Years) of those years. Of those 19, the #NDX went on to exceed the April high within the next 2 months in 17 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the the #NDX should exceed 7851.75(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 8475.55(Average Objective).

S & P Midcap 400 Index
The #MID(Mkt) ended Higher(Cond) for April(Month). Compared to March's 1896.25(Prev Close), the market ended April at 1970.75(Month Close), that being 82%(Pct Range) off of 1905.70(Month Low) to 1984.75(Month High).

In comparing the March/April closes for each of the last 38 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed higher in April than March in 24(Cond Years) of those years. Of those 24, the #MID went on to exceed the April 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 the #MID should exceed 1984.75(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 2098.90(Average Objective).

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for April(Month). Compared to March's 6153.90(Prev Close), the market ended April at 6376.10(Month Close), that being 89%(Pct Range) off of 6153.90(Month Low) to 6404.00(Month High).

In comparing the March/April closes for each of the last 36 years(Total Years), Scenario found that the Value Line Index also closed higher in April than March in 22(Cond Years) of those years. Of those 22, the #VLE went on to exceed the April 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 the #VLE should exceed 6404.00(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 6766.56(Average Objective).

Nikkei 225 Index
The #SSNI(Mkt) ended Higher(Cond) for April(Month). Compared to March's 21206(Prev Close), the market ended April at 22259(Month Close), that being 88%(Pct Range) off of 21471(Month Low) to 22363(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the Nikkei 225 Index also closed higher in April than March in 30(Cond Years) of those years. Of those 30, the #SSNI went on to exceed the April high within the next 2 months in 26 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the the #SSNI should exceed 22363(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 26 years) a potential move toward 23454(Average Objective).

S & P 500 Stock Index
The #SP(Mkt) ended Higher(Cond) for April(Month). Compared to March's 2834.40(Prev Close), the market ended April at 2945.85(Month Close), that being 96%(Pct Range) off of 2848.65(Month Low) to 2949.50(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in April than March in 32(Cond Years) of those years. Of those 32, the #SP went on to exceed the April high within the next 2 months in 29 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the the #SP should exceed 2949.50(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 29 years) a potential move toward 3085.26(Average Objective).

September S & P 500(CME)
The SPU9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 2842.50(Prev Close), the market ended April at 2954.30(Month Close), that being 99%(Pct Range) off of 2872.00(Month Low) to 2955.00(Month High).

In comparing the March/April closes for each of the last 36 years(Total Years), Scenario found that the September S & P 500(CME) also closed higher in April than March in 25(Cond Years) of those years. Of those 25, SPU went on to exceed the April 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 SPU should exceed 2955.00(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 3082.18(Average Objective).

September 30-Year T-Bonds(CBOT)
The USU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 149~010(Prev Close), the market ended April at 146~260(Month Close), that being 56%(Pct Range) off of 145~110(Month Low) to 147~310(Month High).

In comparing the March/April closes for each of the last 41 years(Total Years), Scenario found that the September 30-Year T-Bonds(CBOT) also closed lower in April than March in 21(Cond Years) of those years. Of those 21, USU went on to penetrate the April 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 USU should penetrate 145~110(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 139~168(Average Objective).

September Eurodollars(CME)
The EDU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 97.540(Prev Close), the market ended April at 97.535(Month Close), that being 91%(Pct Range) off of 97.435(Month Low) to 97.545(Month High).

In comparing the March/April closes for each of the last 37 years(Total Years), Scenario found that the September Eurodollars(CME) also closed lower in April than March in 15(Cond Years) of those years. Of those 15, EDU went on to penetrate the April low within the next 2 months in 14 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the EDU should penetrate 97.435(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 97.039(Average Objective).

December Eurodollars(CME)
The EDZ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 97.570(Prev Close), the market ended April at 97.560(Month Close), that being 87%(Pct Range) off of 97.425(Month Low) to 97.580(Month High).

In comparing the March/April closes for each of the last 37 years(Total Years), Scenario found that the December Eurodollars(CME) also closed lower in April than March in 14(Cond Years) of those years. Of those 14, EDZ went on to penetrate the April low within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the EDZ should penetrate 97.425(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 96.956(Average Objective).

September Japanese Yen(CME)
The JYU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 91.43(Prev Close), the market ended April at 90.75(Month Close), that being 54%(Pct Range) off of 90.02(Month Low) to 91.36(Month High).

In comparing the March/April closes for each of the last 42 years(Total Years), Scenario found that the September Japanese Yen(CME) also closed lower in April than March in 21(Cond Years) of those years. Of those 21, JYU went on to penetrate the April 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 JYU should penetrate 90.02(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 86.57(Average Objective).

September Canadian Dollar(CME)
The CDU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 75.18(Prev Close), the market ended April at 74.91(Month Close), that being 50%(Pct Range) off of 74.23(Month Low) to 75.58(Month High).

In comparing the March/April closes for each of the last 42 years(Total Years), Scenario found that the September Canadian Dollar(CME) also closed lower in April than March in 14(Cond Years) of those years. Of those 14, CDU went on to penetrate the April low within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the CDU should penetrate 74.23(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 73.09(Average Objective).

September Australian Dollar(CME)
The ADU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 71.22(Prev Close), the market ended April at 70.74(Month Close), that being 27%(Pct Range) off of 70.17(Month Low) to 72.26(Month High).

In comparing the March/April closes for each of the last 32 years(Total Years), Scenario found that the September Australian Dollar(CME) also closed lower in April than March in 11(Cond Years) of those years. Of those 11, ADU went on to penetrate the April low within the next 2 months in 11 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the ADU should penetrate 70.17(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 67.03(Average Objective).

September US Dollar Index(ICE)
The DXU9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 96.330(Prev Close), the market ended April at 96.660(Month Close), that being 49%(Pct Range) off of 95.840(Month Low) to 97.500(Month High).

In comparing the March/April closes for each of the last 33 years(Total Years), Scenario found that the September US Dollar Index(ICE) also closed higher in April than March in 10(Cond Years) of those years. Of those 10, DXU went on to exceed the April high within the next 2 months in 9 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the DXU should exceed 97.500(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 100.878(Average Objective).

August Gold(CMX)
The GCQ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 1304.5(Prev Close), the market ended April at 1291.7(Month Close), that being 38%(Pct Range) off of 1273.9(Month Low) to 1320.7(Month High).

In comparing the March/April closes for each of the last 44 years(Total Years), Scenario found that the August Gold(CMX) also closed lower in April than March in 25(Cond Years) of those years. Of those 25, GCQ went on to penetrate the April low within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the GCQ should penetrate 1273.9(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 1212.0(Average Objective).

July Crude Oil(NYM)
The CLN9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 60.40(Prev Close), the market ended April at 63.98(Month Close), that being 59%(Pct Range) off of 60.39(Month Low) to 66.44(Month High).

In comparing the March/April closes for each of the last 36 years(Total Years), Scenario found that the July Crude Oil(NYM) also closed higher in April than March in 22(Cond Years) of those years. Of those 22, CLN went on to exceed the April high within the next 2 months in 21 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the CLN should exceed 66.44(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 71.49(Average Objective).

August Crude Oil(NYM)
The CLQ9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 60.49(Prev Close), the market ended April at 63.97(Month Close), that being 60%(Pct Range) off of 60.64(Month Low) to 66.22(Month High).

In comparing the March/April closes for each of the last 36 years(Total Years), Scenario found that the August Crude Oil(NYM) also closed higher in April than March in 22(Cond Years) of those years. Of those 22, CLQ went on to exceed the April 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 CLQ should exceed 66.22(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 71.34(Average Objective).

September Crude Oil(NYM)
The CLU9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 60.53(Prev Close), the market ended April at 63.84(Month Close), that being 61%(Pct Range) off of 60.61(Month Low) to 65.92(Month High).

In comparing the March/April closes for each of the last 36 years(Total Years), Scenario found that the September Crude Oil(NYM) also closed higher in April than March in 23(Cond Years) of those years. Of those 23, CLU went on to exceed the April 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 CLU should exceed 65.92(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 70.72(Average Objective).

August Brent Crude Oil(ICE)
The ITCOQ9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 66.94(Prev Close), the market ended April at 71.45(Month Close), that being 63%(Pct Range) off of 67.07(Month Low) to 74.04(Month High).

In comparing the March/April closes for each of the last 29 years(Total Years), Scenario found that the August Brent Crude Oil(ICE) also closed higher in April than March in 18(Cond Years) of those years. Of those 18, ITCOQ went on to exceed the April 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 ITCOQ should exceed 74.04(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 78.91(Average Objective).

September Brent Crude Oil(ICE)
The ITCOU9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 66.72(Prev Close), the market ended April at 70.91(Month Close), that being 62%(Pct Range) off of 66.85(Month Low) to 73.42(Month High).

In comparing the March/April closes for each of the last 29 years(Total Years), Scenario found that the September Brent Crude Oil(ICE) also closed higher in April than March in 19(Cond Years) of those years. Of those 19, ITCOU went on to exceed the April 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 ITCOU should exceed 73.42(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 79.26(Average Objective).

October Brent Crude Oil(ICE)
The ITCOV9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 66.51(Prev Close), the market ended April at 70.42(Month Close), that being 61%(Pct Range) off of 66.63(Month Low) to 72.86(Month High).

In comparing the March/April closes for each of the last 29 years(Total Years), Scenario found that the October Brent Crude Oil(ICE) also closed higher in April than March in 19(Cond Years) of those years. Of those 19, ITCOV went on to exceed the April 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 ITCOV should exceed 72.86(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 78.62(Average Objective).

July RBOB Gasoline(NYM)
The RBN9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 185.20(Prev Close), the market ended April at 203.32(Month Close), that being 85%(Pct Range) off of 185.44(Month Low) to 206.45(Month High).

In comparing the March/April closes for each of the last 33 years(Total Years), Scenario found that the July RBOB Gasoline(NYM) also closed higher in April than March in 24(Cond Years) of those years. Of those 24, RBN went on to exceed the April 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 RBN should exceed 206.45(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 224.03(Average Objective).

August RBOB Gasoline(NYM)
The RBQ9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 183.30(Prev Close), the market ended April at 199.96(Month Close), that being 83%(Pct Range) off of 183.81(Month Low) to 203.25(Month High).

In comparing the March/April closes for each of the last 33 years(Total Years), Scenario found that the August RBOB Gasoline(NYM) also closed higher in April than March in 23(Cond Years) of those years. Of those 23, RBQ went on to exceed the April 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 RBQ should exceed 203.25(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 220.95(Average Objective).

September RBOB Gasoline(NYM)
The RBU9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 180.94(Prev Close), the market ended April at 196.47(Month Close), that being 82%(Pct Range) off of 181.66(Month Low) to 199.81(Month High).

In comparing the March/April closes for each of the last 34 years(Total Years), Scenario found that the September RBOB Gasoline(NYM) also closed higher in April than March in 25(Cond Years) of those years. Of those 25, RBU went on to exceed the April 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 199.81(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 215.49(Average Objective).

July Brent Crude Oil(ICE)
The CBN9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 67.21(Prev Close), the market ended April at 72.06(Month Close), that being 64%(Pct Range) off of 67.21(Month Low) to 74.75(Month High).

In comparing the March/April closes for each of the last 29 years(Total Years), Scenario found that the July Brent Crude Oil(ICE) also closed higher in April than March in 18(Cond Years) of those years. Of those 18, CBN went on to exceed the April 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 CBN should exceed 74.75(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 78.58(Average Objective).

August Brent Crude Oil(ICE)
The CBQ9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 66.94(Prev Close), the market ended April at 71.45(Month Close), that being 63%(Pct Range) off of 67.07(Month Low) to 74.04(Month High).

In comparing the March/April closes for each of the last 29 years(Total Years), Scenario found that the August Brent Crude Oil(ICE) also closed higher in April than March in 18(Cond Years) of those years. Of those 18, CBQ went on to exceed the April 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 CBQ should exceed 74.04(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 78.91(Average Objective).

September Brent Crude Oil(ICE)
The CBU9(Mkt) ended Higher(Cond) for April(Month). Compared to March's 66.72(Prev Close), the market ended April at 70.91(Month Close), that being 62%(Pct Range) off of 66.85(Month Low) to 73.42(Month High).

In comparing the March/April closes for each of the last 29 years(Total Years), Scenario found that the September Brent Crude Oil(ICE) also closed higher in April than March in 19(Cond Years) of those years. Of those 19, CBU went on to exceed the April 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 CBU should exceed 73.42(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 79.26(Average Objective).

July Soybean Oil(CBOT)
The BON9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 28.69(Prev Close), the market ended April at 27.88(Month Close), that being 16%(Pct Range) off of 27.52(Month Low) to 29.72(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the July Soybean Oil(CBOT) also closed lower in April than March in 19(Cond Years) of those years. Of those 19, BON went on to penetrate the April low within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the BON should penetrate 27.52(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 25.57(Average Objective).

August Soybean Oil(CBOT)
The BOQ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 28.84(Prev Close), the market ended April at 28.02(Month Close), that being 16%(Pct Range) off of 27.67(Month Low) to 29.86(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the August Soybean Oil(CBOT) also closed lower in April than March in 19(Cond Years) of those years. Of those 19, BOQ went on to penetrate the April low within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the BOQ should penetrate 27.67(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 25.72(Average Objective).

September Soybean Oil(CBOT)
The BOU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 29.01(Prev Close), the market ended April at 28.17(Month Close), that being 16%(Pct Range) off of 27.83(Month Low) to 30.00(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the September Soybean Oil(CBOT) also closed lower in April than March in 20(Cond Years) of those years. Of those 20, BOU went on to penetrate the April low within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the BOU should penetrate 27.83(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 25.67(Average Objective).

September Soybean Meal(CBOT)
The SMU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 313.00(Prev Close), the market ended April at 303.20(Month Close), that being 5%(Pct Range) off of 302.30(Month Low) to 318.70(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the September Soybean Meal(CBOT) also closed lower in April than March in 21(Cond Years) of those years. Of those 21, SMU went on to penetrate the April 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 SMU should penetrate 302.30(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 282.96(Average Objective).

July Corn(CBOT)
The CN9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 366.25(Prev Close), the market ended April at 362.50(Month Close), that being 46%(Pct Range) off of 351.50(Month Low) to 375.25(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the July Corn(CBOT) also closed lower in April than March in 29(Cond Years) of those years. Of those 29, CN went on to penetrate the April low within the next 2 months in 26 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the CN should penetrate 351.50(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 26 years) a potential move toward 320.40(Average Objective).

September Corn(CBOT)
The CU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 375.00(Prev Close), the market ended April at 370.50(Month Close), that being 44%(Pct Range) off of 360.00(Month Low) to 383.75(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the September Corn(CBOT) also closed lower in April than March in 27(Cond Years) of those years. Of those 27, CU went on to penetrate the April low within the next 2 months in 25 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the CU should penetrate 360.00(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 328.42(Average Objective).

December Corn(CBOT)
The CZ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 384.75(Prev Close), the market ended April at 381.00(Month Close), that being 43%(Pct Range) off of 371.75(Month Low) to 393.50(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the December Corn(CBOT) also closed lower in April than March in 24(Cond Years) of those years. Of those 24, CZ went on to penetrate the April low within the next 2 months in 23 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the CZ should penetrate 371.75(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 341.30(Average Objective).

July Wheat(KCBT)
The KWN9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 437.75(Prev Close), the market ended April at 394.00(Month Close), that being 6%(Pct Range) off of 390.50(Month Low) to 450.00(Month High).

In comparing the March/April closes for each of the last 42 years(Total Years), Scenario found that the July Wheat(KCBT) also closed lower in April than March in 20(Cond Years) of those years. Of those 20, KWN went on to penetrate the April low within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the KWN should penetrate 390.50(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 365.64(Average Objective).

September Wheat(KCBT)
The KWU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 448.75(Prev Close), the market ended April at 405.50(Month Close), that being 6%(Pct Range) off of 402.25(Month Low) to 460.75(Month High).

In comparing the March/April closes for each of the last 42 years(Total Years), Scenario found that the September Wheat(KCBT) also closed lower in April than March in 22(Cond Years) of those years. Of those 22, KWU went on to penetrate the April 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 KWU should penetrate 402.25(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 376.40(Average Objective).

December Wheat(KCBT)
The KWZ9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 469.75(Prev Close), the market ended April at 428.00(Month Close), that being 5%(Pct Range) off of 425.25(Month Low) to 480.75(Month High).

In comparing the March/April closes for each of the last 42 years(Total Years), Scenario found that the December Wheat(KCBT) also closed lower in April than March in 22(Cond Years) of those years. Of those 22, KWZ went on to penetrate the April low within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the KWZ should penetrate 425.25(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 400.67(Average Objective).

July Rough Rice(CBOT)
The RRN9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 11.01(Prev Close), the market ended April at 10.58(Month Close), that being 34%(Pct Range) off of 10.33(Month Low) to 11.06(Month High).

In comparing the March/April closes for each of the last 29 years(Total Years), Scenario found that the July Rough Rice(CBOT) also closed lower in April than March in 13(Cond Years) of those years. Of those 13, RRN went on to penetrate the April low within the next 2 months in 11 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the RRN should penetrate 10.33(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 9.56(Average Objective).

September Rough Rice(CBOT)
The RRU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 10.94(Prev Close), the market ended April at 10.72(Month Close), that being 52%(Pct Range) off of 10.45(Month Low) to 10.97(Month High).

In comparing the March/April closes for each of the last 32 years(Total Years), Scenario found that the September Rough Rice(CBOT) also closed lower in April than March in 15(Cond Years) of those years. Of those 15, RRU went on to penetrate the April low within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the RRU should penetrate 10.45(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 9.72(Average Objective).

September Coffee "C"(ICE)
The KCU9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 99.75(Prev Close), the market ended April at 95.45(Month Close), that being 38%(Pct Range) off of 91.60(Month Low) to 101.85(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the September Coffee "C"(ICE) also closed lower in April than March in 23(Cond Years) of those years. Of those 23, KCU went on to penetrate the April 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 KCU should penetrate 91.60(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 80.02(Average Objective).

July Cotton(ICE)
The CTN9(Mkt) ended Lower(Cond) for April(Month). Compared to March's 78.31(Prev Close), the market ended April at 76.78(Month Close), that being 15%(Pct Range) off of 76.30(Month Low) to 79.57(Month High).

In comparing the March/April closes for each of the last 45 years(Total Years), Scenario found that the July Cotton(ICE) also closed lower in April than March in 18(Cond Years) of those years. Of those 18, CTN went on to penetrate the April low within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the CTN should penetrate 76.30(Scenario Objective) by no later than the end of June. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 67.57(Average Objective).
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