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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 Jun 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 Jun 24815.00 26907.00 24681.00 26600.00 86% 45 23 20 87% 26907.00 28066.03 26717.00
#UTIL Higher Jun 784.45 829.25 779.05 810.65 63% 45 26 22 85% 829.25 865.76 807.75
#NDX Higher Jun 7127.75 7772.50 6936.50 7671.00 88% 33 15 13 87% 7772.50 8396.59 7768.00
#MID Higher Jun 1810.50 1947.95 1811.70 1945.50 98% 38 23 20 87% 1947.95 2046.76 1952.40
#SSNI Higher Jun 20601 21498 20290 21276 82% 45 27 23 85% 21498 22241 21730
#SP Higher Jun 2752.05 2964.15 2728.80 2941.75 90% 45 27 23 85% 2964.15 3103.80 2964.35
ADU9 Higher Jun 69.61 70.41 68.49 70.36 97% 32 19 16 84% 70.41 72.87 69.74
DXU9 Lower Jun 97.135 97.265 95.365 95.665 16% 33 19 17 89% 95.365 92.437 96.410
PLV9 Higher Jun 799.6 844.9 795.5 841.1 92% 45 16 14 88% 844.9 915.0 837.2
PAU9 Higher Jun 1331.50 1558.30 1305.00 1537.60 92% 42 16 15 94% 1558.30 1784.61 1544.70
HGU9 Higher Jun 264.10 275.10 259.95 271.35 75% 45 23 22 96% 275.10 295.86 268.80
CLX9 Higher Jun 53.66 59.59 50.94 58.22 84% 36 17 15 88% 59.59 65.12 58.83
CLZ9 Higher Jun 53.55 59.30 50.84 57.98 84% 36 17 15 88% 59.30 64.60 58.60
ITCOX9 Higher Jun 60.38 65.31 57.48 64.07 84% 29 14 13 93% 65.31 71.78 64.53
ITCOZ9 Higher Jun 60.15 65.05 57.27 63.80 84% 29 14 13 93% 65.05 71.29 64.29
HOV9 Higher Jun 186.12 199.63 176.60 195.37 82% 39 18 17 94% 199.63 219.18 196.70
HOX9 Higher Jun 186.73 200.02 177.47 195.89 82% 40 19 18 95% 200.02 218.71 197.20
HOZ9 Higher Jun 187.08 200.17 177.82 196.15 82% 40 20 18 90% 200.17 218.34 197.44
RBV9 Higher Jun 155.96 172.70 146.38 169.80 89% 34 17 16 94% 172.70 188.15 172.06
RBX9 Higher Jun 152.83 168.27 143.42 165.65 89% 34 15 14 93% 168.27 182.41 167.79
RBZ9 Higher Jun 150.45 165.27 140.96 162.69 89% 34 15 14 93% 165.27 178.37 164.72
NGV9 Lower Jun 2.499 2.515 2.156 2.311 43% 29 17 15 88% 2.156 1.823 2.276
NGX9 Lower Jun 2.588 2.605 2.240 2.399 44% 29 17 15 88% 2.240 1.973 2.370
NGZ9 Lower Jun 2.767 2.785 2.440 2.595 45% 29 18 16 89% 2.440 2.188 2.565
CBV9 Higher Jun 60.67 65.60 57.80 64.35 84% 29 14 13 93% 65.60 71.89 64.76
CBX9 Higher Jun 60.38 65.31 57.48 64.07 84% 29 14 13 93% 65.31 71.71 64.53
CBZ9 Higher Jun 60.15 65.05 57.27 63.80 84% 29 14 13 93% 65.05 71.23 64.29
SMU9 Lower Jun 324.20 330.50 311.80 317.30 29% 45 22 19 86% 311.80 282.90 309.10
CU9 Lower Jun 436.00 468.75 416.50 424.75 16% 45 29 25 86% 416.50 361.80 415.50
CZ9 Lower Jun 443.75 473.00 425.00 431.50 14% 45 28 25 89% 425.00 377.28 422.50
KWU9 Lower Jun 484.75 508.25 452.25 461.50 17% 43 27 24 89% 452.25 416.70 444.00
KWZ9 Lower Jun 505.25 527.25 476.00 484.50 17% 43 28 24 86% 476.00 438.34 467.00
LCV9 Higher Jun 103.900 108.085 103.280 105.430 45% 45 23 22 96% 108.085 114.019 105.530
LCZ9 Higher Jun 108.480 112.980 107.650 110.250 49% 45 24 23 96% 112.980 118.446 110.680
FCU9 Higher Jun 134.075 141.030 131.530 136.700 54% 45 26 24 92% 141.030 148.333 137.635
FCV9 Higher Jun 134.530 141.030 131.950 136.700 52% 45 24 23 96% 141.030 148.501 137.900
SBV9 Higher Jun 12.43 12.95 12.29 12.62 50% 45 25 21 84% 12.95 14.67 12.57
CCZ9 Higher Jun 2418 2566 2340 2458 52% 45 22 19 86% 2566 2808 2525
CTZ9 Lower Jun 67.07 68.25 64.70 66.08 39% 45 22 19 86% 64.70 58.92 66.58


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for June(Month). Compared to May's 24815.00(Prev Close), the market ended June at 26600.00(Month Close), that being 86%(Pct Range) off of 24681.00(Month Low) to 26907.00(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in June than May in 23(Cond Years) of those years. Of those 23, the #DJ went on to exceed the June 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 the #DJ should exceed 26907.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 28066.03(Average Objective).

Dow Jones Utilities
The #UTIL(Mkt) ended Higher(Cond) for June(Month). Compared to May's 784.45(Prev Close), the market ended June at 810.65(Month Close), that being 63%(Pct Range) off of 779.05(Month Low) to 829.25(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in June than May in 26(Cond Years) of those years. Of those 26, the #UTIL went on to exceed the June 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 #UTIL should exceed 829.25(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 865.76(Average Objective).

NASDAQ 100 Index
The #NDX(Mkt) ended Higher(Cond) for June(Month). Compared to May's 7127.75(Prev Close), the market ended June at 7671.00(Month Close), that being 88%(Pct Range) off of 6936.50(Month Low) to 7772.50(Month High).

In comparing the May/June closes for each of the last 33 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in June than May in 15(Cond Years) of those years. Of those 15, the #NDX went on to exceed the June 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 the #NDX should exceed 7772.50(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 8396.59(Average Objective).

S & P Midcap 400 Index
The #MID(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1810.50(Prev Close), the market ended June at 1945.50(Month Close), that being 98%(Pct Range) off of 1811.70(Month Low) to 1947.95(Month High).

In comparing the May/June closes for each of the last 38 years(Total Years), Scenario found that the S & P Midcap 400 Index also closed higher in June than May in 23(Cond Years) of those years. Of those 23, the #MID went on to exceed the June 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 the #MID should exceed 1947.95(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 2046.76(Average Objective).

Nikkei 225 Index
The #SSNI(Mkt) ended Higher(Cond) for June(Month). Compared to May's 20601(Prev Close), the market ended June at 21276(Month Close), that being 82%(Pct Range) off of 20290(Month Low) to 21498(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the Nikkei 225 Index also closed higher in June than May in 27(Cond Years) of those years. Of those 27, the #SSNI went on to exceed the June 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 the #SSNI should exceed 21498(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 22241(Average Objective).

S & P 500 Stock Index
The #SP(Mkt) ended Higher(Cond) for June(Month). Compared to May's 2752.05(Prev Close), the market ended June at 2941.75(Month Close), that being 90%(Pct Range) off of 2728.80(Month Low) to 2964.15(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in June than May in 27(Cond Years) of those years. Of those 27, the #SP went on to exceed the June 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 the #SP should exceed 2964.15(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 3103.80(Average Objective).

September Australian Dollar(CME)
The ADU9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 69.61(Prev Close), the market ended June at 70.36(Month Close), that being 97%(Pct Range) off of 68.49(Month Low) to 70.41(Month High).

In comparing the May/June closes for each of the last 32 years(Total Years), Scenario found that the September Australian Dollar(CME) also closed higher in June than May in 19(Cond Years) of those years. Of those 19, ADU went on to exceed the June high within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the ADU should exceed 70.41(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 72.87(Average Objective).

September US Dollar Index(ICE)
The DXU9(Mkt) ended Lower(Cond) for June(Month). Compared to May's 97.135(Prev Close), the market ended June at 95.665(Month Close), that being 16%(Pct Range) off of 95.365(Month Low) to 97.265(Month High).

In comparing the May/June closes for each of the last 33 years(Total Years), Scenario found that the September US Dollar Index(ICE) also closed lower in June than May in 19(Cond Years) of those years. Of those 19, DXU went on to penetrate the June low within the next 2 months in 17 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the DXU should penetrate 95.365(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 92.437(Average Objective).

October Platinum(NYMEX)
The PLV9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 799.6(Prev Close), the market ended June at 841.1(Month Close), that being 92%(Pct Range) off of 795.5(Month Low) to 844.9(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the October Platinum(NYMEX) also closed higher in June than May in 16(Cond Years) of those years. Of those 16, PLV went on to exceed the June 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 PLV should exceed 844.9(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 915.0(Average Objective).

September Palladium(NYMEX)
The PAU9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 1331.50(Prev Close), the market ended June at 1537.60(Month Close), that being 92%(Pct Range) off of 1305.00(Month Low) to 1558.30(Month High).

In comparing the May/June closes for each of the last 42 years(Total Years), Scenario found that the September Palladium(NYMEX) also closed higher in June than May in 16(Cond Years) of those years. Of those 16, PAU went on to exceed the June 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 PAU should exceed 1558.30(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 1784.61(Average Objective).

September Copper(CMX)
The HGU9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 264.10(Prev Close), the market ended June at 271.35(Month Close), that being 75%(Pct Range) off of 259.95(Month Low) to 275.10(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the September Copper(CMX) also closed higher in June than May in 23(Cond Years) of those years. Of those 23, HGU went on to exceed the June high within the next 2 months in 22 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the HGU should exceed 275.10(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 295.86(Average Objective).

November Crude Oil(NYM)
The CLX9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 53.66(Prev Close), the market ended June at 58.22(Month Close), that being 84%(Pct Range) off of 50.94(Month Low) to 59.59(Month High).

In comparing the May/June closes for each of the last 36 years(Total Years), Scenario found that the November Crude Oil(NYM) also closed higher in June than May in 17(Cond Years) of those years. Of those 17, CLX went on to exceed the June 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 CLX should exceed 59.59(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 65.12(Average Objective).

December Crude Oil(NYM)
The CLZ9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 53.55(Prev Close), the market ended June at 57.98(Month Close), that being 84%(Pct Range) off of 50.84(Month Low) to 59.30(Month High).

In comparing the May/June closes for each of the last 36 years(Total Years), Scenario found that the December Crude Oil(NYM) also closed higher in June than May in 17(Cond Years) of those years. Of those 17, CLZ went on to exceed the June 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 CLZ should exceed 59.30(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 64.60(Average Objective).

November Brent Crude Oil(ICE)
The ITCOX9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 60.38(Prev Close), the market ended June at 64.07(Month Close), that being 84%(Pct Range) off of 57.48(Month Low) to 65.31(Month High).

In comparing the May/June closes for each of the last 29 years(Total Years), Scenario found that the November Brent Crude Oil(ICE) also closed higher in June than May in 14(Cond Years) of those years. Of those 14, ITCOX went on to exceed the June high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the ITCOX should exceed 65.31(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 71.78(Average Objective).

December Brent Crude Oil(ICE)
The ITCOZ9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 60.15(Prev Close), the market ended June at 63.80(Month Close), that being 84%(Pct Range) off of 57.27(Month Low) to 65.05(Month High).

In comparing the May/June closes for each of the last 29 years(Total Years), Scenario found that the December Brent Crude Oil(ICE) also closed higher in June than May in 14(Cond Years) of those years. Of those 14, ITCOZ went on to exceed the June high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the ITCOZ should exceed 65.05(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 71.29(Average Objective).

October NY Harbor ULSD(NYM)
The HOV9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 186.12(Prev Close), the market ended June at 195.37(Month Close), that being 82%(Pct Range) off of 176.60(Month Low) to 199.63(Month High).

In comparing the May/June closes for each of the last 39 years(Total Years), Scenario found that the October NY Harbor ULSD(NYM) also closed higher in June than May in 18(Cond Years) of those years. Of those 18, HOV went on to exceed the June 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 HOV should exceed 199.63(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 219.18(Average Objective).

November NY Harbor ULSD(NYM)
The HOX9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 186.73(Prev Close), the market ended June at 195.89(Month Close), that being 82%(Pct Range) off of 177.47(Month Low) to 200.01(Month High).

In comparing the May/June closes for each of the last 40 years(Total Years), Scenario found that the November NY Harbor ULSD(NYM) also closed higher in June than May in 19(Cond Years) of those years. Of those 19, HOX went on to exceed the June 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 HOX should exceed 200.01(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 218.70(Average Objective).

December NY Harbor ULSD(NYM)
The HOZ9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 187.08(Prev Close), the market ended June at 196.15(Month Close), that being 82%(Pct Range) off of 177.82(Month Low) to 200.17(Month High).

In comparing the May/June closes for each of the last 40 years(Total Years), Scenario found that the December NY Harbor ULSD(NYM) also closed higher in June than May in 20(Cond Years) of those years. Of those 20, HOZ went on to exceed the June 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 HOZ should exceed 200.17(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 218.34(Average Objective).

October RBOB Gasoline(NYM)
The RBV9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 155.96(Prev Close), the market ended June at 169.80(Month Close), that being 89%(Pct Range) off of 146.38(Month Low) to 172.70(Month High).

In comparing the May/June closes for each of the last 34 years(Total Years), Scenario found that the October RBOB Gasoline(NYM) also closed higher in June than May in 17(Cond Years) of those years. Of those 17, RBV went on to exceed the June 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 RBV should exceed 172.70(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 188.15(Average Objective).

November RBOB Gasoline(NYM)
The RBX9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 152.83(Prev Close), the market ended June at 165.65(Month Close), that being 89%(Pct Range) off of 143.42(Month Low) to 168.27(Month High).

In comparing the May/June closes for each of the last 34 years(Total Years), Scenario found that the November RBOB Gasoline(NYM) also closed higher in June than May in 15(Cond Years) of those years. Of those 15, RBX went on to exceed the June high within the next 2 months in 14 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the RBX should exceed 168.27(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 182.41(Average Objective).

December RBOB Gasoline(NYM)
The RBZ9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 150.45(Prev Close), the market ended June at 162.69(Month Close), that being 89%(Pct Range) off of 140.96(Month Low) to 165.27(Month High).

In comparing the May/June closes for each of the last 34 years(Total Years), Scenario found that the December RBOB Gasoline(NYM) also closed higher in June than May in 15(Cond Years) of those years. Of those 15, RBZ went on to exceed the June high within the next 2 months in 14 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the RBZ should exceed 165.27(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 178.37(Average Objective).

October Natural Gas(NYM)
The NGV9(Mkt) ended Lower(Cond) for June(Month). Compared to May's 2.499(Prev Close), the market ended June at 2.311(Month Close), that being 43%(Pct Range) off of 2.156(Month Low) to 2.515(Month High).

In comparing the May/June closes for each of the last 29 years(Total Years), Scenario found that the October Natural Gas(NYM) also closed lower in June than May in 17(Cond Years) of those years. Of those 17, NGV went on to penetrate the June low within the next 2 months in 15 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the NGV should penetrate 2.156(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 1.823(Average Objective).

November Natural Gas(NYM)
The NGX9(Mkt) ended Lower(Cond) for June(Month). Compared to May's 2.588(Prev Close), the market ended June at 2.399(Month Close), that being 44%(Pct Range) off of 2.240(Month Low) to 2.605(Month High).

In comparing the May/June closes for each of the last 29 years(Total Years), Scenario found that the November Natural Gas(NYM) also closed lower in June than May in 17(Cond Years) of those years. Of those 17, NGX went on to penetrate the June low within the next 2 months in 15 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the NGX should penetrate 2.240(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 1.973(Average Objective).

December Natural Gas(NYM)
The NGZ9(Mkt) ended Lower(Cond) for June(Month). Compared to May's 2.767(Prev Close), the market ended June at 2.595(Month Close), that being 45%(Pct Range) off of 2.440(Month Low) to 2.785(Month High).

In comparing the May/June closes for each of the last 29 years(Total Years), Scenario found that the December Natural Gas(NYM) also closed lower in June than May in 18(Cond Years) of those years. Of those 18, NGZ went on to penetrate the June 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 NGZ should penetrate 2.440(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 2.188(Average Objective).

October Brent Crude Oil(ICE)
The CBV9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 60.67(Prev Close), the market ended June at 64.35(Month Close), that being 84%(Pct Range) off of 57.80(Month Low) to 65.60(Month High).

In comparing the May/June closes for each of the last 29 years(Total Years), Scenario found that the October Brent Crude Oil(ICE) also closed higher in June than May in 14(Cond Years) of those years. Of those 14, CBV went on to exceed the June high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the CBV should exceed 65.60(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 71.89(Average Objective).

November Brent Crude Oil(ICE)
The CBX9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 60.38(Prev Close), the market ended June at 64.07(Month Close), that being 84%(Pct Range) off of 57.48(Month Low) to 65.31(Month High).

In comparing the May/June closes for each of the last 29 years(Total Years), Scenario found that the November Brent Crude Oil(ICE) also closed higher in June than May in 14(Cond Years) of those years. Of those 14, CBX went on to exceed the June high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the CBX should exceed 65.31(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 71.71(Average Objective).

December Brent Crude Oil(ICE)
The CBZ9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 60.15(Prev Close), the market ended June at 63.80(Month Close), that being 84%(Pct Range) off of 57.27(Month Low) to 65.05(Month High).

In comparing the May/June closes for each of the last 29 years(Total Years), Scenario found that the December Brent Crude Oil(ICE) also closed higher in June than May in 14(Cond Years) of those years. Of those 14, CBZ went on to exceed the June high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the CBZ should exceed 65.05(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 71.23(Average Objective).

September Soybean Meal(CBOT)
The SMU9(Mkt) ended Lower(Cond) for June(Month). Compared to May's 324.20(Prev Close), the market ended June at 317.30(Month Close), that being 29%(Pct Range) off of 311.80(Month Low) to 330.50(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the September Soybean Meal(CBOT) also closed lower in June than May in 22(Cond Years) of those years. Of those 22, SMU went on to penetrate the June 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 SMU should penetrate 311.80(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 282.90(Average Objective).

September Corn(CBOT)
The CU9(Mkt) ended Lower(Cond) for June(Month). Compared to May's 436.00(Prev Close), the market ended June at 424.75(Month Close), that being 16%(Pct Range) off of 416.50(Month Low) to 468.75(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the September Corn(CBOT) also closed lower in June than May in 29(Cond Years) of those years. Of those 29, CU went on to penetrate the June low within the next 2 months in 25 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the CU should penetrate 416.50(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 361.80(Average Objective).

December Corn(CBOT)
The CZ9(Mkt) ended Lower(Cond) for June(Month). Compared to May's 443.75(Prev Close), the market ended June at 431.50(Month Close), that being 14%(Pct Range) off of 425.00(Month Low) to 473.00(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the December Corn(CBOT) also closed lower in June than May in 28(Cond Years) of those years. Of those 28, CZ went on to penetrate the June low within the next 2 months in 25 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the CZ should penetrate 425.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 377.28(Average Objective).

September Wheat(KCBT)
The KWU9(Mkt) ended Lower(Cond) for June(Month). Compared to May's 484.75(Prev Close), the market ended June at 461.50(Month Close), that being 17%(Pct Range) off of 452.25(Month Low) to 508.25(Month High).

In comparing the May/June closes for each of the last 43 years(Total Years), Scenario found that the September Wheat(KCBT) also closed lower in June than May in 27(Cond Years) of those years. Of those 27, KWU went on to penetrate the June low within the next 2 months in 24 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the KWU should penetrate 452.25(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 416.70(Average Objective).

December Wheat(KCBT)
The KWZ9(Mkt) ended Lower(Cond) for June(Month). Compared to May's 505.25(Prev Close), the market ended June at 484.50(Month Close), that being 17%(Pct Range) off of 476.00(Month Low) to 527.25(Month High).

In comparing the May/June closes for each of the last 43 years(Total Years), Scenario found that the December Wheat(KCBT) also closed lower in June than May in 28(Cond Years) of those years. Of those 28, KWZ went on to penetrate the June low within the next 2 months in 24 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the KWZ should penetrate 476.00(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 438.34(Average Objective).

October Live Cattle(CME)
The LCV9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 103.900(Prev Close), the market ended June at 105.430(Month Close), that being 45%(Pct Range) off of 103.280(Month Low) to 108.085(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the October Live Cattle(CME) also closed higher in June than May in 23(Cond Years) of those years. Of those 23, LCV went on to exceed the June high within the next 2 months in 22 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the LCV should exceed 108.085(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 114.019(Average Objective).

December Live Cattle(CME)
The LCZ9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 108.480(Prev Close), the market ended June at 110.250(Month Close), that being 49%(Pct Range) off of 107.650(Month Low) to 112.980(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the December Live Cattle(CME) also closed higher in June than May in 24(Cond Years) of those years. Of those 24, LCZ went on to exceed the June high within the next 2 months in 23 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the LCZ should exceed 112.980(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 118.446(Average Objective).

September Feeder Cattle(CME)
The FCU9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 134.075(Prev Close), the market ended June at 136.700(Month Close), that being 54%(Pct Range) off of 131.530(Month Low) to 141.030(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the September Feeder Cattle(CME) also closed higher in June than May in 26(Cond Years) of those years. Of those 26, FCU went on to exceed the June 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 FCU should exceed 141.030(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 148.333(Average Objective).

October Feeder Cattle(CME)
The FCV9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 134.530(Prev Close), the market ended June at 136.700(Month Close), that being 52%(Pct Range) off of 131.950(Month Low) to 141.030(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the October Feeder Cattle(CME) also closed higher in June than May in 24(Cond Years) of those years. Of those 24, FCV went on to exceed the June high within the next 2 months in 23 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the FCV should exceed 141.030(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 148.501(Average Objective).

October Sugar #11(ICE)
The SBV9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 12.43(Prev Close), the market ended June at 12.62(Month Close), that being 50%(Pct Range) off of 12.29(Month Low) to 12.95(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the October Sugar #11(ICE) also closed higher in June than May in 25(Cond Years) of those years. Of those 25, SBV went on to exceed the June 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 SBV should exceed 12.95(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 14.67(Average Objective).

December Cocoa(ICE)
The CCZ9(Mkt) ended Higher(Cond) for June(Month). Compared to May's 2418(Prev Close), the market ended June at 2458(Month Close), that being 52%(Pct Range) off of 2340(Month Low) to 2566(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the December Cocoa(ICE) also closed higher in June than May in 22(Cond Years) of those years. Of those 22, CCZ went on to exceed the June high within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the CCZ should exceed 2566(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 2808(Average Objective).

December Cotton(ICE)
The CTZ9(Mkt) ended Lower(Cond) for June(Month). Compared to May's 67.07(Prev Close), the market ended June at 66.08(Month Close), that being 39%(Pct Range) off of 64.70(Month Low) to 68.25(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the December Cotton(ICE) also closed lower in June than May in 22(Cond Years) of those years. Of those 22, CTZ went on to penetrate the June 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 CTZ should penetrate 64.70(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 58.92(Average Objective).
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