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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, 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 Jun 25383.00 27580.00 24843.00 25813.00 35% 45 24 21 88% 27580.00 28687.27 25813.00
#TRAN Higher Jun 8970.00 10096.00 8728.00 9173.00 33% 45 21 18 86% 10096.00 10735.58 9173.00
#NQ Higher Jun 9555.50 10306.75 9489.50 10156.75 82% 34 16 14 88% 10306.75 11105.77 10156.75
#VLE Higher Jun 5730.90 6446.60 5668.40 5914.50 32% 37 19 16 84% 6446.60 6751.19 5914.50
#SSNI Higher Jun 21878 23186 21530 22288 46% 45 28 24 86% 23186 23955 22288
#SP Higher Jun 3044.25 3233.25 2965.75 3100.25 50% 45 27 23 85% 3233.25 3367.44 3100.25
YMU0 Higher Jun 25255 27491 24409 25689 42% 22 9 8 89% 27491 28423 25689
ADU0 Higher Jun 66.59 70.64 66.48 69.00 61% 33 20 17 85% 70.64 72.93 69.00
DXU0 Lower Jun 98.323 98.290 95.570 97.350 65% 34 20 17 85% 95.570 92.590 97.350
HGU0 Higher Jun 243.80 273.70 243.75 272.85 97% 45 24 23 96% 273.70 294.04 272.85
CLX0 Higher Jun 36.67 41.91 35.54 39.58 63% 37 18 16 89% 41.91 45.54 39.58
CLZ0 Higher Jun 36.92 41.98 35.72 39.68 63% 37 18 16 89% 41.98 45.48 39.68
HOV0 Higher Jun 112.39 129.07 109.75 122.21 64% 40 19 18 95% 129.07 140.86 122.21
HOX0 Higher Jun 114.64 130.75 112.20 123.92 63% 41 20 19 95% 130.75 142.17 123.92
HOZ0 Higher Jun 116.41 132.08 113.75 125.26 63% 41 21 19 90% 132.08 143.29 125.26
RBV0 Higher Jun 101.13 121.25 98.62 110.41 52% 35 18 17 94% 121.25 131.07 110.41
RBX0 Higher Jun 100.14 118.82 97.81 108.67 52% 35 16 15 94% 118.82 127.86 108.67
RBZ0 Higher Jun 99.89 117.31 97.50 107.54 51% 35 16 15 94% 117.31 125.76 107.54
NGV0 Lower Jun 2.068 2.094 1.700 1.887 47% 30 18 16 89% 1.700 1.432 1.887
NGX0 Lower Jun 2.389 2.422 2.133 2.282 52% 30 18 16 89% 2.133 1.880 2.282
NGZ0 Lower Jun 2.811 2.908 2.637 2.747 41% 30 19 17 89% 2.637 2.370 2.747
CBV0 Higher Jun 38.50 43.98 37.59 41.39 59% 30 15 14 93% 43.98 48.04 41.39
CBX0 Higher Jun 38.93 44.10 37.94 41.56 59% 30 15 14 93% 44.10 48.08 41.56
CBZ0 Higher Jun 39.41 44.25 38.25 41.76 58% 30 15 14 93% 44.25 48.12 41.76
WU0 Lower Jun 523.50 532.75 471.00 491.75 34% 45 28 24 86% 471.00 427.05 491.75
WZ0 Lower Jun 532.25 542.25 479.50 499.00 31% 45 27 23 85% 479.50 435.74 499.00
KWU0 Lower Jun 477.00 483.50 423.75 439.75 27% 44 28 25 89% 423.75 387.83 439.75
KWZ0 Lower Jun 488.00 495.00 437.25 452.00 26% 44 29 25 86% 437.25 400.06 452.00
LCZ0 Lower Jun 104.700 105.885 100.700 103.650 57% 45 21 18 86% 100.700 95.525 103.650
JOU0 Higher Jun 123.50 132.00 118.15 128.40 74% 45 17 15 88% 132.00 144.91 128.40
JOX0 Higher Jun 124.60 130.90 120.80 128.90 80% 45 18 16 89% 130.90 141.80 128.90


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for June(Month). Compared to May's 25383.00(Prev Close), the market ended June at 25813.00(Month Close), that being 35%(Pct Range) off of 24843.00(Month Low) to 27580.00(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 24(Cond Years) of those years. Of those 24, the #DJ went on to exceed the June 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 #DJ should exceed 27580.00(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 28687.27(Average Objective).

Dow Jones Transportation
The #TRAN(Mkt) ended Higher(Cond) for June(Month). Compared to May's 8970.00(Prev Close), the market ended June at 9173.00(Month Close), that being 33%(Pct Range) off of 8728.00(Month Low) to 10096.00(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in June than May in 21(Cond Years) of those years. Of those 21, the #TRAN went on to exceed the June high within the next 2 months in 18 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the the #TRAN should exceed 10096.00(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 10735.58(Average Objective).

NASDAQ 100 Index
The #NQ(Mkt) ended Higher(Cond) for June(Month). Compared to May's 9555.50(Prev Close), the market ended June at 10156.75(Month Close), that being 82%(Pct Range) off of 9489.50(Month Low) to 10306.75(Month High).

In comparing the May/June closes for each of the last 34 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in June than May in 16(Cond Years) of those years. Of those 16, the #NQ 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 the #NQ should exceed 10306.75(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 11105.77(Average Objective).

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for June(Month). Compared to May's 5730.90(Prev Close), the market ended June at 5914.50(Month Close), that being 32%(Pct Range) off of 5668.40(Month Low) to 6446.60(Month High).

In comparing the May/June closes for each of the last 37 years(Total Years), Scenario found that the Value Line Index also closed higher in June than May in 19(Cond Years) of those years. Of those 19, the #VLE 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 the #VLE should exceed 6446.60(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 6751.19(Average Objective).

Nikkei 225 Index
The #SSNI(Mkt) ended Higher(Cond) for June(Month). Compared to May's 21878(Prev Close), the market ended June at 22288(Month Close), that being 46%(Pct Range) off of 21530(Month Low) to 23186(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 28(Cond Years) of those years. Of those 28, the #SSNI went on to exceed the June high within the next 2 months in 24 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the the #SSNI should exceed 23186(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 23955(Average Objective).

S & P 500 Stock Index
The #SP(Mkt) ended Higher(Cond) for June(Month). Compared to May's 3044.25(Prev Close), the market ended June at 3100.25(Month Close), that being 50%(Pct Range) off of 2965.75(Month Low) to 3233.25(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 3233.25(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 3367.44(Average Objective).

September E-mini DJIA Index(CBOT)
The YMU0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 25255(Prev Close), the market ended June at 25689(Month Close), that being 42%(Pct Range) off of 24409(Month Low) to 27491(Month High).

In comparing the May/June closes for each of the last 22 years(Total Years), Scenario found that the September E-mini DJIA Index(CBOT) also closed higher in June than May in 9(Cond Years) of those years. Of those 9, YMU went on to exceed the June high within the next 2 months in 8 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the YMU should exceed 27491(Scenario Objective) by no later than the end of August. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 28423(Average Objective).

September Australian Dollar(CME)
The ADU0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 66.59(Prev Close), the market ended June at 69.00(Month Close), that being 61%(Pct Range) off of 66.48(Month Low) to 70.64(Month High).

In comparing the May/June closes for each of the last 33 years(Total Years), Scenario found that the September Australian Dollar(CME) also closed higher in June than May in 20(Cond Years) of those years. Of those 20, ADU went on to exceed the June 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 ADU should exceed 70.64(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 72.93(Average Objective).

September US Dollar Index(ICE)
The DXU0(Mkt) ended Lower(Cond) for June(Month). Compared to May's 98.323(Prev Close), the market ended June at 97.350(Month Close), that being 65%(Pct Range) off of 95.570(Month Low) to 98.290(Month High).

In comparing the May/June closes for each of the last 34 years(Total Years), Scenario found that the September US Dollar Index(ICE) also closed lower in June than May in 20(Cond Years) of those years. Of those 20, DXU went on to penetrate the June low within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the DXU should penetrate 95.570(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 92.590(Average Objective).

September Copper(CMX)
The HGU0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 243.80(Prev Close), the market ended June at 272.85(Month Close), that being 97%(Pct Range) off of 243.75(Month Low) to 273.70(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 24(Cond Years) of those years. Of those 24, HGU 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 HGU should exceed 273.70(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 294.04(Average Objective).

November Crude Oil(NYM)
The CLX0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 36.67(Prev Close), the market ended June at 39.58(Month Close), that being 63%(Pct Range) off of 35.54(Month Low) to 41.91(Month High).

In comparing the May/June closes for each of the last 37 years(Total Years), Scenario found that the November Crude Oil(NYM) also closed higher in June than May in 18(Cond Years) of those years. Of those 18, CLX went on to exceed the June 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 CLX should exceed 41.91(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 45.54(Average Objective).

December Crude Oil(NYM)
The CLZ0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 36.92(Prev Close), the market ended June at 39.68(Month Close), that being 63%(Pct Range) off of 35.72(Month Low) to 41.98(Month High).

In comparing the May/June closes for each of the last 37 years(Total Years), Scenario found that the December Crude Oil(NYM) also closed higher in June than May in 18(Cond Years) of those years. Of those 18, CLZ went on to exceed the June 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 CLZ should exceed 41.98(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 45.48(Average Objective).

October NY Harbor ULSD(NYM)
The HOV0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 112.39(Prev Close), the market ended June at 122.21(Month Close), that being 64%(Pct Range) off of 109.75(Month Low) to 129.07(Month High).

In comparing the May/June closes for each of the last 40 years(Total Years), Scenario found that the October NY Harbor ULSD(NYM) also closed higher in June than May in 19(Cond Years) of those years. Of those 19, HOV 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 HOV should exceed 129.07(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 140.86(Average Objective).

November NY Harbor ULSD(NYM)
The HOX0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 114.64(Prev Close), the market ended June at 123.92(Month Close), that being 63%(Pct Range) off of 112.20(Month Low) to 130.75(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the November NY Harbor ULSD(NYM) also closed higher in June than May in 20(Cond Years) of those years. Of those 20, HOX went on to exceed the June high within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the HOX should exceed 130.75(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 142.17(Average Objective).

December NY Harbor ULSD(NYM)
The HOZ0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 116.41(Prev Close), the market ended June at 125.26(Month Close), that being 63%(Pct Range) off of 113.75(Month Low) to 132.08(Month High).

In comparing the May/June closes for each of the last 41 years(Total Years), Scenario found that the December NY Harbor ULSD(NYM) also closed higher in June than May in 21(Cond Years) of those years. Of those 21, HOZ went on to exceed the June high within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the HOZ should exceed 132.08(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 143.29(Average Objective).

October RBOB Gasoline(NYM)
The RBV0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 101.13(Prev Close), the market ended June at 110.41(Month Close), that being 52%(Pct Range) off of 98.62(Month Low) to 121.25(Month High).

In comparing the May/June closes for each of the last 35 years(Total Years), Scenario found that the October RBOB Gasoline(NYM) also closed higher in June than May in 18(Cond Years) of those years. Of those 18, RBV 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 RBV should exceed 121.25(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 131.07(Average Objective).

November RBOB Gasoline(NYM)
The RBX0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 100.14(Prev Close), the market ended June at 108.67(Month Close), that being 52%(Pct Range) off of 97.81(Month Low) to 118.82(Month High).

In comparing the May/June closes for each of the last 35 years(Total Years), Scenario found that the November RBOB Gasoline(NYM) also closed higher in June than May in 16(Cond Years) of those years. Of those 16, RBX 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 RBX should exceed 118.82(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 127.86(Average Objective).

December RBOB Gasoline(NYM)
The RBZ0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 99.89(Prev Close), the market ended June at 107.54(Month Close), that being 51%(Pct Range) off of 97.50(Month Low) to 117.31(Month High).

In comparing the May/June closes for each of the last 35 years(Total Years), Scenario found that the December RBOB Gasoline(NYM) also closed higher in June than May in 16(Cond Years) of those years. Of those 16, RBZ 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 RBZ should exceed 117.31(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 125.76(Average Objective).

October Natural Gas(NYM)
The NGV0(Mkt) ended Lower(Cond) for June(Month). Compared to May's 2.068(Prev Close), the market ended June at 1.887(Month Close), that being 47%(Pct Range) off of 1.700(Month Low) to 2.094(Month High).

In comparing the May/June closes for each of the last 30 years(Total Years), Scenario found that the October Natural Gas(NYM) also closed lower in June than May in 18(Cond Years) of those years. Of those 18, NGV 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 NGV should penetrate 1.700(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 1.432(Average Objective).

November Natural Gas(NYM)
The NGX0(Mkt) ended Lower(Cond) for June(Month). Compared to May's 2.389(Prev Close), the market ended June at 2.282(Month Close), that being 52%(Pct Range) off of 2.133(Month Low) to 2.422(Month High).

In comparing the May/June closes for each of the last 30 years(Total Years), Scenario found that the November Natural Gas(NYM) also closed lower in June than May in 18(Cond Years) of those years. Of those 18, NGX 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 NGX should penetrate 2.133(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 1.880(Average Objective).

December Natural Gas(NYM)
The NGZ0(Mkt) ended Lower(Cond) for June(Month). Compared to May's 2.811(Prev Close), the market ended June at 2.747(Month Close), that being 41%(Pct Range) off of 2.637(Month Low) to 2.908(Month High).

In comparing the May/June closes for each of the last 30 years(Total Years), Scenario found that the December Natural Gas(NYM) also closed lower in June than May in 19(Cond Years) of those years. Of those 19, NGZ 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 NGZ should penetrate 2.637(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 2.370(Average Objective).

October Brent Crude Oil(ICE)
The CBV0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 38.50(Prev Close), the market ended June at 41.39(Month Close), that being 59%(Pct Range) off of 37.59(Month Low) to 43.98(Month High).

In comparing the May/June closes for each of the last 30 years(Total Years), Scenario found that the October Brent Crude Oil(ICE) also closed higher in June than May in 15(Cond Years) of those years. Of those 15, CBV 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 CBV should exceed 43.98(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 48.04(Average Objective).

November Brent Crude Oil(ICE)
The CBX0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 38.93(Prev Close), the market ended June at 41.56(Month Close), that being 59%(Pct Range) off of 37.94(Month Low) to 44.10(Month High).

In comparing the May/June closes for each of the last 30 years(Total Years), Scenario found that the November Brent Crude Oil(ICE) also closed higher in June than May in 15(Cond Years) of those years. Of those 15, CBX 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 CBX should exceed 44.10(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 48.08(Average Objective).

December Brent Crude Oil(ICE)
The CBZ0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 39.41(Prev Close), the market ended June at 41.76(Month Close), that being 58%(Pct Range) off of 38.25(Month Low) to 44.25(Month High).

In comparing the May/June closes for each of the last 30 years(Total Years), Scenario found that the December Brent Crude Oil(ICE) also closed higher in June than May in 15(Cond Years) of those years. Of those 15, CBZ 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 CBZ should exceed 44.25(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 48.12(Average Objective).

September Wheat(CBOT)
The WU0(Mkt) ended Lower(Cond) for June(Month). Compared to May's 523.50(Prev Close), the market ended June at 491.75(Month Close), that being 34%(Pct Range) off of 471.00(Month Low) to 532.75(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the September Wheat(CBOT) also closed lower in June than May in 28(Cond Years) of those years. Of those 28, WU 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 WU should penetrate 471.00(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 427.05(Average Objective).

December Wheat(CBOT)
The WZ0(Mkt) ended Lower(Cond) for June(Month). Compared to May's 532.25(Prev Close), the market ended June at 499.00(Month Close), that being 31%(Pct Range) off of 479.50(Month Low) to 542.25(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the December Wheat(CBOT) also closed lower in June than May in 27(Cond Years) of those years. Of those 27, WZ went on to penetrate the June 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 WZ should penetrate 479.50(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 435.74(Average Objective).

September Wheat(KCBT)
The KWU0(Mkt) ended Lower(Cond) for June(Month). Compared to May's 477.00(Prev Close), the market ended June at 439.75(Month Close), that being 27%(Pct Range) off of 423.75(Month Low) to 483.50(Month High).

In comparing the May/June closes for each of the last 44 years(Total Years), Scenario found that the September Wheat(KCBT) also closed lower in June than May in 28(Cond Years) of those years. Of those 28, KWU 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 KWU should penetrate 423.75(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 387.83(Average Objective).

December Wheat(KCBT)
The KWZ0(Mkt) ended Lower(Cond) for June(Month). Compared to May's 488.00(Prev Close), the market ended June at 452.00(Month Close), that being 26%(Pct Range) off of 437.25(Month Low) to 495.00(Month High).

In comparing the May/June closes for each of the last 44 years(Total Years), Scenario found that the December Wheat(KCBT) also closed lower in June than May in 29(Cond Years) of those years. Of those 29, KWZ 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 KWZ should penetrate 437.25(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 400.06(Average Objective).

December Live Cattle(CME)
The LCZ0(Mkt) ended Lower(Cond) for June(Month). Compared to May's 104.700(Prev Close), the market ended June at 103.650(Month Close), that being 57%(Pct Range) off of 100.700(Month Low) to 105.885(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 lower in June than May in 21(Cond Years) of those years. Of those 21, LCZ went on to penetrate the June 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 LCZ should penetrate 100.700(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 95.525(Average Objective).

September Orange Juice(ICE)
The JOU0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 123.50(Prev Close), the market ended June at 128.40(Month Close), that being 74%(Pct Range) off of 118.15(Month Low) to 132.00(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the September Orange Juice(ICE) also closed higher in June than May in 17(Cond Years) of those years. Of those 17, JOU 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 JOU should exceed 132.00(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 144.91(Average Objective).

November Orange Juice(ICE)
The JOX0(Mkt) ended Higher(Cond) for June(Month). Compared to May's 124.60(Prev Close), the market ended June at 128.90(Month Close), that being 80%(Pct Range) off of 120.80(Month Low) to 130.90(Month High).

In comparing the May/June closes for each of the last 45 years(Total Years), Scenario found that the November Orange Juice(ICE) also closed higher in June than May in 18(Cond Years) of those years. Of those 18, JOX went on to exceed the June 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 JOX should exceed 130.90(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 141.80(Average Objective).
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