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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 May 30, 2020
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 May 24346.00 25759.00 22790.00 25383.00 87% 45 26 23 88% 25759.00 26950.92 25383.00
#OEX Higher May 27.30 653.12 2.15 78.91 12% 44 27 25 93% 653.12 659.09 78.91
#NQ Higher May 9000.50 9570.50 8665.25 9555.50 98% 34 23 22 96% 9570.50 10053.83 9555.50
#QR Higher May 1310.65 1355.75 1181.10 1355.55 100% 41 26 23 88% Yes 1425.79 1355.55
#VLE Higher May 5384.00 5903.40 4800.40 5730.90 84% 37 25 21 84% 5903.40 6185.63 5730.90
SPU0 Higher May 2894.00 3031.75 2804.25 3031.75 100% 38 25 22 88% 3031.75 3149.97 3031.75
NQU0 Higher May 8974.25 9587.50 8545.00 9542.25 96% 23 13 13 100% 9587.50 10151.93 9542.25
TYU0 Higher May 138~270 139~135 137~305 139~020 76% 37 18 16 89% 139~135 143~029 139~020
FVU0 Higher May 125~112 125~250 125~014 125~200 79% 31 19 16 84% 125~250 128~044 125~200
EDZ0 Higher May 99.685 99.785 99.655 99.695 31% 38 20 17 85% 99.785 100.245 99.695
EDH1 Higher May 99.745 99.870 99.710 99.780 44% 38 20 17 85% 99.870 100.390 99.780
ADU0 Higher May 65.24 66.83 63.74 66.59 92% 33 12 12 100% 66.83 68.53 66.59
EUU0 Higher May 109.84 111.70 107.97 111.23 87% 21 7 6 86% 111.70 114.63 111.23
RBU0 Higher May 83.65 110.20 78.93 109.27 97% 35 19 16 84% 110.20 118.07 109.27
RBV0 Higher May 77.04 102.00 72.25 101.13 97% 35 19 16 84% 102.00 109.31 101.13
NGQ0 Lower May 2.275 2.447 1.862 1.940 13% 30 17 15 88% 1.862 1.590 1.940
NGU0 Lower May 2.331 2.499 1.919 1.988 12% 30 17 15 88% 1.919 1.626 1.988
NGV0 Lower May 2.424 2.588 2.004 2.068 11% 30 15 14 93% 2.004 1.713 2.068
SQ0 Lower May 855.75 862.00 832.50 843.50 37% 45 24 24 100% 832.50 759.63 843.50
SU0 Lower May 854.75 861.25 833.75 845.50 43% 45 23 23 100% 833.75 768.35 845.50
SX0 Lower May 857.75 865.00 838.50 851.75 50% 45 24 23 96% 838.50 776.11 851.75
SMQ0 Lower May 295.20 296.10 283.90 285.00 9% 45 23 22 96% 283.90 263.29 285.00
SMU0 Lower May 295.70 296.60 285.70 286.70 9% 45 23 22 96% 285.70 265.32 286.70
SMV0 Lower May 296.00 296.60 286.90 288.40 15% 45 22 19 86% 286.90 266.10 288.40
CZ0 Higher May 337.25 342.50 330.00 338.75 70% 45 22 19 86% 342.50 370.84 338.75
WU0 Lower May 528.00 530.50 497.00 523.50 79% 45 27 23 85% 497.00 445.30 523.50
WZ0 Lower May 536.25 539.00 507.00 532.25 79% 45 26 22 85% 507.00 456.52 532.25
KWU0 Lower May 494.75 495.50 445.50 477.00 63% 44 23 21 91% 445.50 403.86 477.00
KWZ0 Lower May 505.25 505.75 458.25 488.00 63% 44 23 21 91% 458.25 418.05 488.00
HEQ0 Lower May 62.800 67.130 53.850 56.730 22% 45 23 21 91% 53.850 49.198 56.730
HEV0 Lower May 57.800 61.330 49.530 52.330 24% 45 23 21 91% 49.530 44.279 52.330
HEZ0 Lower May 56.650 59.800 50.430 52.880 26% 45 23 20 87% 50.430 44.570 52.880
KCU0 Lower May 107.50 114.15 97.70 98.15 3% 45 25 21 84% 97.70 85.03 98.15
CCU0 Higher May 2395 2461 2292 2408 69% 45 18 16 89% 2461 2714 2408
CCZ0 Lower May 2369 2409 2260 2363 69% 45 26 23 88% 2260 2096 2363
CTZ0 Lower May 58.92 59.59 55.11 57.48 53% 45 25 23 92% 55.11 51.04 57.48
SBV0 Higher May 10.63 11.27 10.27 10.97 70% 45 18 16 89% 11.27 12.95 10.97
SBH1 Higher May 11.32 11.92 10.98 11.64 70% 45 18 16 89% 11.92 13.36 11.64
RRU0 Higher May 11.92 12.41 11.83 12.41 100% 33 14 12 86% 12.41 13.22 12.41


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for May(Month). Compared to April's 24346.00(Prev Close), the market ended May at 25383.00(Month Close), that being 87%(Pct Range) off of 22790.00(Month Low) to 25759.00(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in May than April in 26(Cond Years) of those years. Of those 26, the #DJ went on to exceed the May high within the next 2 months in 23 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #DJ should exceed 25759.00(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 26950.92(Average Objective).

S & P 100(OEX)
The #OEX(Mkt) ended Higher(Cond) for May(Month). Compared to April's 27.30(Prev Close), the market ended May at 78.91(Month Close), that being 12%(Pct Range) off of 2.15(Month Low) to 653.12(Month High).

In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in May than April in 27(Cond Years) of those years. Of those 27, the #OEX went on to exceed the May high within the next 2 months in 25 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the the #OEX should exceed 653.12(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 659.09(Average Objective).

NASDAQ 100 Index
The #NQ(Mkt) ended Higher(Cond) for May(Month). Compared to April's 9000.50(Prev Close), the market ended May at 9555.50(Month Close), that being 98%(Pct Range) off of 8665.25(Month Low) to 9570.50(Month High).

In comparing the April/May closes for each of the last 34 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in May than April in 23(Cond Years) of those years. Of those 23, the #NQ went on to exceed the May 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 the #NQ should exceed 9570.50(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 10053.83(Average Objective).

Russell 2000 Index
The #QR(Mkt) ended Higher(Cond) for May(Month). Compared to April's 1310.65(Prev Close), the market ended May at 1355.55(Month Close), that being 100%(Pct Range) off of 1181.10(Month Low) to 1355.75(Month High).

In comparing the April/May closes for each of the last 41 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in May than April in 26(Cond Years) of those years. Of those 26, the #QR went on to exceed the May high within the next 2 months in 23 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #QR should exceed 1355.75(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 1425.79(Average Objective).

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for May(Month). Compared to April's 5384.00(Prev Close), the market ended May at 5730.90(Month Close), that being 84%(Pct Range) off of 4800.40(Month Low) to 5903.40(Month High).

In comparing the April/May closes for each of the last 37 years(Total Years), Scenario found that the Value Line Index also closed higher in May than April in 25(Cond Years) of those years. Of those 25, the #VLE went on to exceed the May 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 the #VLE should exceed 5903.40(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 6185.63(Average Objective).

September S & P 500(CME)
The SPU0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 2894.00(Prev Close), the market ended May at 3031.75(Month Close), that being 100%(Pct Range) off of 2804.25(Month Low) to 3031.75(Month High).

In comparing the April/May closes for each of the last 38 years(Total Years), Scenario found that the September S & P 500(CME) also closed higher in May than April in 25(Cond Years) of those years. Of those 25, SPU went on to exceed the May 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 SPU should exceed 3031.75(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 3149.97(Average Objective).

September NASDAQ 100 E-Mini(CME)
The NQU0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 8974.25(Prev Close), the market ended May at 9542.25(Month Close), that being 96%(Pct Range) off of 8545.00(Month Low) to 9587.50(Month High).

In comparing the April/May closes for each of the last 23 years(Total Years), Scenario found that the September NASDAQ 100 E-Mini(CME) also closed higher in May than April in 13(Cond Years) of those years. Of those 13, NQU went on to exceed the May high within the next 2 months in 13 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NQU should exceed 9587.50(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 10151.93(Average Objective).

September 10-Year T-Notes(CBOT)
The TYU0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 138~270(Prev Close), the market ended May at 139~020(Month Close), that being 76%(Pct Range) off of 137~305(Month Low) to 139~135(Month High).

In comparing the April/May closes for each of the last 37 years(Total Years), Scenario found that the September 10-Year T-Notes(CBOT) also closed higher in May than April in 18(Cond Years) of those years. Of those 18, TYU went on to exceed the May 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 TYU should exceed 139~135(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 143~029(Average Objective).

September 5-Year T-Notes(CBOT)
The FVU0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 125~112(Prev Close), the market ended May at 125~200(Month Close), that being 79%(Pct Range) off of 125~014(Month Low) to 125~250(Month High).

In comparing the April/May closes for each of the last 31 years(Total Years), Scenario found that the September 5-Year T-Notes(CBOT) also closed higher in May than April in 19(Cond Years) of those years. Of those 19, FVU went on to exceed the May 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 FVU should exceed 125~250(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 128~044(Average Objective).

December Eurodollars(CME)
The EDZ0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 99.685(Prev Close), the market ended May at 99.695(Month Close), that being 31%(Pct Range) off of 99.655(Month Low) to 99.785(Month High).

In comparing the April/May closes for each of the last 38 years(Total Years), Scenario found that the December Eurodollars(CME) also closed higher in May than April in 20(Cond Years) of those years. Of those 20, EDZ went on to exceed the May 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 EDZ should exceed 99.785(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 100.245(Average Objective).

March Eurodollars(CME)
The EDH1(Mkt) ended Higher(Cond) for May(Month). Compared to April's 99.745(Prev Close), the market ended May at 99.780(Month Close), that being 44%(Pct Range) off of 99.710(Month Low) to 99.870(Month High).

In comparing the April/May closes for each of the last 38 years(Total Years), Scenario found that the March Eurodollars(CME) also closed higher in May than April in 20(Cond Years) of those years. Of those 20, EDH went on to exceed the May 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 EDH should exceed 99.870(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 100.390(Average Objective).

September Australian Dollar(CME)
The ADU0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 65.24(Prev Close), the market ended May at 66.59(Month Close), that being 92%(Pct Range) off of 63.74(Month Low) to 66.83(Month High).

In comparing the April/May closes for each of the last 33 years(Total Years), Scenario found that the September Australian Dollar(CME) also closed higher in May than April in 12(Cond Years) of those years. Of those 12, ADU went on to exceed the May high within the next 2 months in 12 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the ADU should exceed 66.83(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 68.53(Average Objective).

September EuroFX(CME)
The EUU0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 109.84(Prev Close), the market ended May at 111.23(Month Close), that being 87%(Pct Range) off of 107.97(Month Low) to 111.70(Month High).

In comparing the April/May closes for each of the last 21 years(Total Years), Scenario found that the September EuroFX(CME) also closed higher in May than April in 7(Cond Years) of those years. Of those 7, EUU went on to exceed the May high within the next 2 months in 6 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the EUU should exceed 111.70(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 114.63(Average Objective).

September RBOB Gasoline(NYM)
The RBU0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 83.65(Prev Close), the market ended May at 109.27(Month Close), that being 97%(Pct Range) off of 78.93(Month Low) to 110.20(Month High).

In comparing the April/May closes for each of the last 35 years(Total Years), Scenario found that the September RBOB Gasoline(NYM) also closed higher in May than April in 19(Cond Years) of those years. Of those 19, RBU went on to exceed the May 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 RBU should exceed 110.20(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 118.07(Average Objective).

October RBOB Gasoline(NYM)
The RBV0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 77.04(Prev Close), the market ended May at 101.13(Month Close), that being 97%(Pct Range) off of 72.25(Month Low) to 102.00(Month High).

In comparing the April/May closes for each of the last 35 years(Total Years), Scenario found that the October RBOB Gasoline(NYM) also closed higher in May than April in 19(Cond Years) of those years. Of those 19, RBV went on to exceed the May 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 RBV should exceed 102.00(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 109.31(Average Objective).

August Natural Gas(NYM)
The NGQ0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 2.275(Prev Close), the market ended May at 1.940(Month Close), that being 13%(Pct Range) off of 1.862(Month Low) to 2.447(Month High).

In comparing the April/May closes for each of the last 30 years(Total Years), Scenario found that the August Natural Gas(NYM) also closed lower in May than April in 17(Cond Years) of those years. Of those 17, NGQ went on to penetrate the May 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 NGQ should penetrate 1.862(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 1.590(Average Objective).

September Natural Gas(NYM)
The NGU0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 2.331(Prev Close), the market ended May at 1.988(Month Close), that being 12%(Pct Range) off of 1.919(Month Low) to 2.499(Month High).

In comparing the April/May closes for each of the last 30 years(Total Years), Scenario found that the September Natural Gas(NYM) also closed lower in May than April in 17(Cond Years) of those years. Of those 17, NGU went on to penetrate the May 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 NGU should penetrate 1.919(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 1.626(Average Objective).

October Natural Gas(NYM)
The NGV0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 2.424(Prev Close), the market ended May at 2.068(Month Close), that being 11%(Pct Range) off of 2.004(Month Low) to 2.588(Month High).

In comparing the April/May closes for each of the last 30 years(Total Years), Scenario found that the October Natural Gas(NYM) also closed lower in May than April in 15(Cond Years) of those years. Of those 15, NGV went on to penetrate the May 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 NGV should penetrate 2.004(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 1.713(Average Objective).

August Soybeans(CBOT)
The SQ0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 855.75(Prev Close), the market ended May at 843.50(Month Close), that being 37%(Pct Range) off of 832.50(Month Low) to 862.00(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the August Soybeans(CBOT) also closed lower in May than April in 24(Cond Years) of those years. Of those 24, SQ went on to penetrate the May low within the next 2 months in 24 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the SQ should penetrate 832.50(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 759.63(Average Objective).

September Soybeans(CBOT)
The SU0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 854.75(Prev Close), the market ended May at 845.50(Month Close), that being 43%(Pct Range) off of 833.75(Month Low) to 861.25(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the September Soybeans(CBOT) also closed lower in May than April in 23(Cond Years) of those years. Of those 23, SU went on to penetrate the May low within the next 2 months in 23 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the SU should penetrate 833.75(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 768.35(Average Objective).

November Soybeans(CBOT)
The SX0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 857.75(Prev Close), the market ended May at 851.75(Month Close), that being 50%(Pct Range) off of 838.50(Month Low) to 865.00(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the November Soybeans(CBOT) also closed lower in May than April in 24(Cond Years) of those years. Of those 24, SX went on to penetrate the May 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 SX should penetrate 838.50(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 776.11(Average Objective).

August Soybean Meal(CBOT)
The SMQ0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 295.20(Prev Close), the market ended May at 285.00(Month Close), that being 9%(Pct Range) off of 283.90(Month Low) to 296.10(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the August Soybean Meal(CBOT) also closed lower in May than April in 23(Cond Years) of those years. Of those 23, SMQ went on to penetrate the May low within the next 2 months in 22 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the SMQ should penetrate 283.90(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 263.29(Average Objective).

September Soybean Meal(CBOT)
The SMU0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 295.70(Prev Close), the market ended May at 286.70(Month Close), that being 9%(Pct Range) off of 285.70(Month Low) to 296.60(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the September Soybean Meal(CBOT) also closed lower in May than April in 23(Cond Years) of those years. Of those 23, SMU went on to penetrate the May low within the next 2 months in 22 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the SMU should penetrate 285.70(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 265.32(Average Objective).

October Soybean Meal(CBOT)
The SMV0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 296.00(Prev Close), the market ended May at 288.40(Month Close), that being 15%(Pct Range) off of 286.90(Month Low) to 296.60(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the October Soybean Meal(CBOT) also closed lower in May than April in 22(Cond Years) of those years. Of those 22, SMV went on to penetrate the May 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 SMV should penetrate 286.90(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 266.10(Average Objective).

December Corn(CBOT)
The CZ0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 337.25(Prev Close), the market ended May at 338.75(Month Close), that being 70%(Pct Range) off of 330.00(Month Low) to 342.50(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the December Corn(CBOT) also closed higher in May than April in 22(Cond Years) of those years. Of those 22, CZ went on to exceed the May 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 CZ should exceed 342.50(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 370.84(Average Objective).

September Wheat(CBOT)
The WU0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 528.00(Prev Close), the market ended May at 523.50(Month Close), that being 79%(Pct Range) off of 497.00(Month Low) to 530.50(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the September Wheat(CBOT) also closed lower in May than April in 27(Cond Years) of those years. Of those 27, WU went on to penetrate the May low within the next 2 months in 23 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the WU should penetrate 497.00(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 445.30(Average Objective).

December Wheat(CBOT)
The WZ0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 536.25(Prev Close), the market ended May at 532.25(Month Close), that being 79%(Pct Range) off of 507.00(Month Low) to 539.00(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the December Wheat(CBOT) also closed lower in May than April in 26(Cond Years) of those years. Of those 26, WZ went on to penetrate the May low within the next 2 months in 22 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the WZ should penetrate 507.00(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 456.52(Average Objective).

September Wheat(KCBT)
The KWU0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 494.75(Prev Close), the market ended May at 477.00(Month Close), that being 63%(Pct Range) off of 445.50(Month Low) to 495.50(Month High).

In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the September Wheat(KCBT) also closed lower in May than April in 23(Cond Years) of those years. Of those 23, KWU went on to penetrate the May low within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the KWU should penetrate 445.50(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 403.86(Average Objective).

December Wheat(KCBT)
The KWZ0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 505.25(Prev Close), the market ended May at 488.00(Month Close), that being 63%(Pct Range) off of 458.25(Month Low) to 505.75(Month High).

In comparing the April/May closes for each of the last 44 years(Total Years), Scenario found that the December Wheat(KCBT) also closed lower in May than April in 23(Cond Years) of those years. Of those 23, KWZ went on to penetrate the May low within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the KWZ should penetrate 458.25(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 418.05(Average Objective).

August Lean Hogs(CME)
The HEQ0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 62.800(Prev Close), the market ended May at 56.730(Month Close), that being 22%(Pct Range) off of 53.850(Month Low) to 67.130(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the August Lean Hogs(CME) also closed lower in May than April in 23(Cond Years) of those years. Of those 23, HEQ went on to penetrate the May low within the next 2 months in 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the HEQ should penetrate 53.850(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 49.198(Average Objective).

October Lean Hogs(CME)
The HEV0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 57.800(Prev Close), the market ended May at 52.330(Month Close), that being 24%(Pct Range) off of 49.530(Month Low) to 61.330(Month High).

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

Therefore, the historical odds are high that the HEV should penetrate 49.530(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 44.279(Average Objective).

December Lean Hogs(CME)
The HEZ0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 56.650(Prev Close), the market ended May at 52.880(Month Close), that being 26%(Pct Range) off of 50.430(Month Low) to 59.800(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the December Lean Hogs(CME) also closed lower in May than April in 23(Cond Years) of those years. Of those 23, HEZ went on to penetrate the May 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 HEZ should penetrate 50.430(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 44.570(Average Objective).

September Coffee "C"(ICE)
The KCU0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 107.50(Prev Close), the market ended May at 98.15(Month Close), that being 3%(Pct Range) off of 97.70(Month Low) to 114.15(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the September Coffee "C"(ICE) also closed lower in May than April in 25(Cond Years) of those years. Of those 25, KCU went on to penetrate the May 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 KCU should penetrate 97.70(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 85.03(Average Objective).

September Cocoa(ICE)
The CCU0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 2395(Prev Close), the market ended May at 2408(Month Close), that being 69%(Pct Range) off of 2292(Month Low) to 2461(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the September Cocoa(ICE) also closed higher in May than April in 18(Cond Years) of those years. Of those 18, CCU went on to exceed the May 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 CCU should exceed 2461(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 2714(Average Objective).

December Cocoa(ICE)
The CCZ0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 2369(Prev Close), the market ended May at 2363(Month Close), that being 69%(Pct Range) off of 2260(Month Low) to 2409(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the December Cocoa(ICE) also closed lower in May than April in 26(Cond Years) of those years. Of those 26, CCZ went on to penetrate the May low within the next 2 months in 23 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the CCZ should penetrate 2260(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 2096(Average Objective).

December Cotton(ICE)
The CTZ0(Mkt) ended Lower(Cond) for May(Month). Compared to April's 58.92(Prev Close), the market ended May at 57.48(Month Close), that being 53%(Pct Range) off of 55.11(Month Low) to 59.59(Month High).

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

Therefore, the historical odds are high that the CTZ should penetrate 55.11(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 51.04(Average Objective).

October Sugar #11(ICE)
The SBV0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 10.63(Prev Close), the market ended May at 10.97(Month Close), that being 70%(Pct Range) off of 10.27(Month Low) to 11.27(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the October Sugar #11(ICE) also closed higher in May than April in 18(Cond Years) of those years. Of those 18, SBV went on to exceed the May 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 SBV should exceed 11.27(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 12.95(Average Objective).

March Sugar #11(ICE)
The SBH1(Mkt) ended Higher(Cond) for May(Month). Compared to April's 11.32(Prev Close), the market ended May at 11.64(Month Close), that being 70%(Pct Range) off of 10.98(Month Low) to 11.92(Month High).

In comparing the April/May closes for each of the last 45 years(Total Years), Scenario found that the March Sugar #11(ICE) also closed higher in May than April in 18(Cond Years) of those years. Of those 18, SBH went on to exceed the May 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 SBH should exceed 11.92(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 13.36(Average Objective).

September Rough Rice(CBOT)
The RRU0(Mkt) ended Higher(Cond) for May(Month). Compared to April's 11.92(Prev Close), the market ended May at 12.41(Month Close), that being 100%(Pct Range) off of 11.83(Month Low) to 12.41(Month High).

In comparing the April/May closes for each of the last 33 years(Total Years), Scenario found that the September Rough Rice(CBOT) also closed higher in May than April in 14(Cond Years) of those years. Of those 14, RRU went on to exceed the May high within the next 2 months in 12 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the RRU should exceed 12.41(Scenario Objective) by no later than the end of July. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 13.22(Average Objective).
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