MRCI's Scenario Summary

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MRCI's Scenario^SM Summary

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Scenario^SM Summary Sep 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

#TRAN Higher Sep 11185.00 11691.00 10941.00 11230.00 39% 45 19 18 95% 11691.00 12701.14 11230.00

#UTIL Higher Sep 803.20 830.45 780.45 814.70 69% 45 25 22 88% 830.45 869.60 814.70

#SSNI Higher Sep 23140 23623 22879 23185 41% 45 21 20 95% 23623 24808 23185

USZ0 Higher Sep 175~230 178~170 174~210 176~090 42% 43 21 18 86% 178~170 184~216 176~090

TYZ0 Higher Sep 139~080 139~290 139~000 139~170 59% 38 27 24 89% 139~290 143~083 139~170

TUZ0 Higher Sep 110~151 110~156 110~134 110~153 83% 30 21 20 95% 110~156 111~066 110~153

EDZ0 Higher Sep 99.715 99.760 99.690 99.755 93% 38 25 23 92% 99.760 100.078 99.755

EDH1 Higher Sep 99.800 99.805 99.780 99.805 100% 38 26 25 96% 99.805 100.199 99.805

BPZ0 Lower Sep 133.85 134.89 126.79 129.04 28% 45 20 17 85% 126.79 121.44 129.04

CDZ0 Lower Sep 76.79 76.97 74.53 75.13 25% 43 13 12 92% 74.53 73.29 75.13

EUZ0 Lower Sep 119.63 120.38 116.31 117.36 26% 21 10 10 100% 116.31 112.68 117.36

SFZ0 Lower Sep 111.04 111.44 107.81 108.77 26% 45 17 15 88% 107.81 104.11 108.77

DXZ0 Higher Sep 92.140 94.795 91.750 93.927 72% 34 15 15 100% 94.795 97.642 93.927

PAZ0 Higher Sep 2279.30 2454.60 2184.80 2330.50 54% 43 24 21 88% 2454.60 2742.22 2330.50

HOF1 Lower Sep 128.43 131.13 112.20 118.09 31% 41 16 14 88% 112.20 101.66 118.09

NGF1 Lower Sep 3.355 3.479 3.156 3.267 34% 30 14 13 93% 3.156 2.697 3.267

NGG1 Lower Sep 3.306 3.420 3.123 3.221 33% 30 15 14 93% 3.123 2.737 3.221

NGH1 Lower Sep 3.167 3.261 3.017 3.099 34% 30 15 13 87% 3.017 2.668 3.099

BOF1 Higher Sep 33.00 35.56 32.15 33.19 30% 45 19 16 84% 35.56 38.69 33.19

BOH1 Higher Sep 33.11 35.64 32.24 33.27 30% 45 19 16 84% 35.64 38.71 33.27

BOK1 Higher Sep 33.20 35.69 32.31 33.36 31% 45 18 16 89% 35.69 38.66 33.36

SMK1 Higher Sep 314.00 339.80 311.00 334.60 82% 45 19 16 84% 339.80 376.70 334.60

CH1 Higher Sep 367.50 391.75 360.75 388.25 89% 45 16 15 94% 391.75 427.50 388.25

CK1 Higher Sep 374.00 397.00 367.75 393.50 88% 45 17 15 88% 397.00 431.53 393.50

KWH1 Higher Sep 486.25 524.50 474.25 518.25 88% 44 27 24 89% 524.50 556.08 518.25

KWK1 Higher Sep 493.75 531.00 481.75 524.75 87% 44 26 23 88% 531.00 560.52 524.75

OH1 Higher Sep 271.75 289.50 265.00 287.50 92% 45 23 20 87% 289.50 325.00 287.50

OK1 Higher Sep 269.75 286.00 264.00 285.75 99% 45 24 22 92% 286.00 316.55 285.75

LCG1 Higher Sep 112.335 116.635 111.030 115.885 87% 45 27 25 93% 116.635 121.788 115.885

LCJ1 Higher Sep 114.550 118.480 113.400 117.780 86% 45 23 22 96% 118.480 122.733 117.780

FCF1 Higher Sep 139.180 142.450 136.280 140.300 65% 43 24 22 92% 142.450 148.480 140.300

HEG1 Higher Sep 61.580 70.000 61.550 68.000 76% 45 29 25 86% 70.000 75.553 68.000

HEJ1 Higher Sep 66.180 73.000 66.250 72.030 86% 45 26 22 85% 73.000 78.263 72.030

CCH1 Lower Sep 2638 2691 2508 2527 10% 45 22 20 91% 2508 2284 2527

CCK1 Lower Sep 2627 2680 2501 2519 10% 45 22 20 91% 2501 2282 2519

SBH1 Higher Sep 13.28 13.65 12.44 13.51 88% 45 20 17 85% 13.65 15.50 13.51

SBK1 Higher Sep 13.06 13.38 12.33 13.22 85% 45 22 19 86% 13.38 14.88 13.22

Dow Jones Transportation: The #TRAN(Mkt) ended Higher(Cond) for September(Month). Compared to August's 11185.00(Prev Close), the market ended September at 11230.00(Month Close), that being 39%(Pct Range) off of 10941.00(Month Low) to 11691.00(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in September than August in 19(Cond Years) of those years. Of those 19, the #TRAN went on to exceed the September 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 the #TRAN should exceed 11691.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 12701.14(Average Objective).
Dow Jones Utilities: The #UTIL(Mkt) ended Higher(Cond) for September(Month). Compared to August's 803.20(Prev Close), the market ended September at 814.70(Month Close), that being 69%(Pct Range) off of 780.45(Month Low) to 830.45(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in September than August in 25(Cond Years) of those years. Of those 25, the #UTIL went on to exceed the September 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 the #UTIL should exceed 830.45(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 869.60(Average Objective).
Nikkei 225 Index: The #SSNI(Mkt) ended Higher(Cond) for September(Month). Compared to August's 23140(Prev Close), the market ended September at 23185(Month Close), that being 41%(Pct Range) off of 22879(Month Low) to 23623(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the Nikkei 225 Index also closed higher in September than August in 21(Cond Years) of those years. Of those 21, the #SSNI went on to exceed the September high within the next 2 months in 20 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the the #SSNI should exceed 23623(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 24808(Average Objective).
December 30-Year T-Bonds(CBOT): The USZ0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 175~230(Prev Close), the market ended September at 176~090(Month Close), that being 42%(Pct Range) off of 174~210(Month Low) to 178~170(Month High).

In comparing the August/September closes for each of the last 43 years(Total Years), Scenario found that the December 30-Year T-Bonds(CBOT) also closed higher in September than August in 21(Cond Years) of those years. Of those 21, USZ went on to exceed the September 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 USZ should exceed 178~170(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 184~216(Average Objective).
December 10-Year T-Notes(CBOT): The TYZ0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 139~080(Prev Close), the market ended September at 139~170(Month Close), that being 59%(Pct Range) off of 139~000(Month Low) to 139~290(Month High).

In comparing the August/September closes for each of the last 38 years(Total Years), Scenario found that the December 10-Year T-Notes(CBOT) also closed higher in September than August in 27(Cond Years) of those years. Of those 27, TYZ went on to exceed the September high within the next 2 months in 24 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the TYZ should exceed 139~290(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 143~083(Average Objective).
December 2 Year T-Notes(CBOT): The TUZ0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 110~151(Prev Close), the market ended September at 110~153(Month Close), that being 83%(Pct Range) off of 110~134(Month Low) to 110~156(Month High).

In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the December 2 Year T-Notes(CBOT) also closed higher in September than August in 21(Cond Years) of those years. Of those 21, TUZ went on to exceed the September high within the next 2 months in 20 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the TUZ should exceed 110~156(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 111~066(Average Objective).
December Eurodollars(CME): The EDZ0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 99.715(Prev Close), the market ended September at 99.755(Month Close), that being 93%(Pct Range) off of 99.690(Month Low) to 99.760(Month High).

In comparing the August/September closes for each of the last 38 years(Total Years), Scenario found that the December Eurodollars(CME) also closed higher in September than August in 25(Cond Years) of those years. Of those 25, EDZ went on to exceed the September high within the next 2 months in 23 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the EDZ should exceed 99.760(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 100.078(Average Objective).
March Eurodollars(CME): The EDH1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 99.800(Prev Close), the market ended September at 99.805(Month Close), that being 100%(Pct Range) off of 99.780(Month Low) to 99.805(Month High).

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

Therefore, the historical odds are high that the EDH should exceed 99.805(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 100.199(Average Objective).
December British Pound(CME): The BPZ0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 133.85(Prev Close), the market ended September at 129.04(Month Close), that being 28%(Pct Range) off of 126.79(Month Low) to 134.89(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the December British Pound(CME) also closed lower in September than August in 20(Cond Years) of those years. Of those 20, BPZ went on to penetrate the September 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 BPZ should penetrate 126.79(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 121.44(Average Objective).
December Canadian Dollar(CME): The CDZ0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 76.79(Prev Close), the market ended September at 75.13(Month Close), that being 25%(Pct Range) off of 74.53(Month Low) to 76.97(Month High).

In comparing the August/September closes for each of the last 43 years(Total Years), Scenario found that the December Canadian Dollar(CME) also closed lower in September than August in 13(Cond Years) of those years. Of those 13, CDZ went on to penetrate the September low within the next 2 months in 12 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the CDZ should penetrate 74.53(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 73.29(Average Objective).
December EuroFX(CME): The EUZ0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 119.63(Prev Close), the market ended September at 117.36(Month Close), that being 26%(Pct Range) off of 116.31(Month Low) to 120.38(Month High).

In comparing the August/September closes for each of the last 21 years(Total Years), Scenario found that the December EuroFX(CME) also closed lower in September than August in 10(Cond Years) of those years. Of those 10, EUZ went on to penetrate the September low within the next 2 months in 10 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the EUZ should penetrate 116.31(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 112.68(Average Objective).
December Swiss Franc(CME): The SFZ0(Mkt) ended Lower(Cond) for September(Month). Compared to August's 111.04(Prev Close), the market ended September at 108.77(Month Close), that being 26%(Pct Range) off of 107.81(Month Low) to 111.44(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the December Swiss Franc(CME) also closed lower in September than August in 17(Cond Years) of those years. Of those 17, SFZ went on to penetrate the September 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 SFZ should penetrate 107.81(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 104.11(Average Objective).
December US Dollar Index(ICE): The DXZ0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 92.140(Prev Close), the market ended September at 93.927(Month Close), that being 72%(Pct Range) off of 91.750(Month Low) to 94.795(Month High).

In comparing the August/September closes for each of the last 34 years(Total Years), Scenario found that the December US Dollar Index(ICE) also closed higher in September than August in 15(Cond Years) of those years. Of those 15, DXZ went on to exceed the September high within the next 2 months in 15 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the DXZ should exceed 94.795(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 97.642(Average Objective).
December Palladium(NYMEX): The PAZ0(Mkt) ended Higher(Cond) for September(Month). Compared to August's 2279.30(Prev Close), the market ended September at 2330.50(Month Close), that being 54%(Pct Range) off of 2184.80(Month Low) to 2454.60(Month High).

In comparing the August/September closes for each of the last 43 years(Total Years), Scenario found that the December Palladium(NYMEX) also closed higher in September than August in 24(Cond Years) of those years. Of those 24, PAZ went on to exceed the September 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 PAZ should exceed 2454.60(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 2742.22(Average Objective).
January NY Harbor ULSD(NYM): The HOF1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 128.43(Prev Close), the market ended September at 118.09(Month Close), that being 31%(Pct Range) off of 112.20(Month Low) to 131.13(Month High).

In comparing the August/September closes for each of the last 41 years(Total Years), Scenario found that the January NY Harbor ULSD(NYM) also closed lower in September than August in 16(Cond Years) of those years. Of those 16, HOF went on to penetrate the September low within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the HOF should penetrate 112.20(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 101.66(Average Objective).
January Natural Gas(NYM): The NGF1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 3.355(Prev Close), the market ended September at 3.267(Month Close), that being 34%(Pct Range) off of 3.156(Month Low) to 3.479(Month High).

In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the January Natural Gas(NYM) also closed lower in September than August in 14(Cond Years) of those years. Of those 14, NGF went on to penetrate the September low within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the NGF should penetrate 3.156(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 2.697(Average Objective).
February Natural Gas(NYM): The NGG1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 3.306(Prev Close), the market ended September at 3.221(Month Close), that being 33%(Pct Range) off of 3.123(Month Low) to 3.420(Month High).

In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the February Natural Gas(NYM) also closed lower in September than August in 15(Cond Years) of those years. Of those 15, NGG went on to penetrate the September 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 NGG should penetrate 3.123(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 2.737(Average Objective).
March Natural Gas(NYM): The NGH1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 3.167(Prev Close), the market ended September at 3.099(Month Close), that being 34%(Pct Range) off of 3.017(Month Low) to 3.261(Month High).

In comparing the August/September closes for each of the last 30 years(Total Years), Scenario found that the March Natural Gas(NYM) also closed lower in September than August in 15(Cond Years) of those years. Of those 15, NGH went on to penetrate the September low within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the NGH should penetrate 3.017(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 2.668(Average Objective).
January Soybean Oil(CBOT): The BOF1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 33.00(Prev Close), the market ended September at 33.19(Month Close), that being 30%(Pct Range) off of 32.15(Month Low) to 35.56(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the January Soybean Oil(CBOT) also closed higher in September than August in 19(Cond Years) of those years. Of those 19, BOF went on to exceed the September 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 BOF should exceed 35.56(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 38.69(Average Objective).
March Soybean Oil(CBOT): The BOH1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 33.11(Prev Close), the market ended September at 33.27(Month Close), that being 30%(Pct Range) off of 32.24(Month Low) to 35.64(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Soybean Oil(CBOT) also closed higher in September than August in 19(Cond Years) of those years. Of those 19, BOH went on to exceed the September 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 BOH should exceed 35.64(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 38.71(Average Objective).
May Soybean Oil(CBOT): The BOK1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 33.20(Prev Close), the market ended September at 33.36(Month Close), that being 31%(Pct Range) off of 32.31(Month Low) to 35.69(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Soybean Oil(CBOT) also closed higher in September than August in 18(Cond Years) of those years. Of those 18, BOK went on to exceed the September 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 BOK should exceed 35.69(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 38.66(Average Objective).
May Soybean Meal(CBOT): The SMK1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 314.00(Prev Close), the market ended September at 334.60(Month Close), that being 82%(Pct Range) off of 311.00(Month Low) to 339.80(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Soybean Meal(CBOT) also closed higher in September than August in 19(Cond Years) of those years. Of those 19, SMK went on to exceed the September 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 SMK should exceed 339.80(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 376.70(Average Objective).
March Corn(CBOT): The CH1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 367.50(Prev Close), the market ended September at 388.25(Month Close), that being 89%(Pct Range) off of 360.75(Month Low) to 391.75(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Corn(CBOT) also closed higher in September than August in 16(Cond Years) of those years. Of those 16, CH went on to exceed the September 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 CH should exceed 391.75(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 427.50(Average Objective).
May Corn(CBOT): The CK1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 374.00(Prev Close), the market ended September at 393.50(Month Close), that being 88%(Pct Range) off of 367.75(Month Low) to 397.00(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Corn(CBOT) also closed higher in September than August in 17(Cond Years) of those years. Of those 17, CK went on to exceed the September 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 CK should exceed 397.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 431.53(Average Objective).
March Wheat(KCBT): The KWH1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 486.25(Prev Close), the market ended September at 518.25(Month Close), that being 88%(Pct Range) off of 474.25(Month Low) to 524.50(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the March Wheat(KCBT) also closed higher in September than August in 27(Cond Years) of those years. Of those 27, KWH went on to exceed the September high within the next 2 months in 24 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the KWH should exceed 524.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 556.08(Average Objective).
May Wheat(KCBT): The KWK1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 493.75(Prev Close), the market ended September at 524.75(Month Close), that being 87%(Pct Range) off of 481.75(Month Low) to 531.00(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the May Wheat(KCBT) also closed higher in September than August in 26(Cond Years) of those years. Of those 26, KWK went on to exceed the September 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 KWK should exceed 531.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 560.52(Average Objective).
March Oats(CBOT): The OH1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 271.75(Prev Close), the market ended September at 287.50(Month Close), that being 92%(Pct Range) off of 265.00(Month Low) to 289.50(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Oats(CBOT) also closed higher in September than August in 23(Cond Years) of those years. Of those 23, OH went on to exceed the September 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 OH should exceed 289.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 325.00(Average Objective).
May Oats(CBOT): The OK1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 269.75(Prev Close), the market ended September at 285.75(Month Close), that being 99%(Pct Range) off of 264.00(Month Low) to 286.00(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Oats(CBOT) also closed higher in September than August in 24(Cond Years) of those years. Of those 24, OK went on to exceed the September high within the next 2 months in 22 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the OK should exceed 286.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 316.55(Average Objective).
February Live Cattle(CME): The LCG1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 112.335(Prev Close), the market ended September at 115.885(Month Close), that being 87%(Pct Range) off of 111.030(Month Low) to 116.635(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the February Live Cattle(CME) also closed higher in September than August in 27(Cond Years) of those years. Of those 27, LCG went on to exceed the September 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 LCG should exceed 116.635(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 121.788(Average Objective).
April Live Cattle(CME): The LCJ1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 114.550(Prev Close), the market ended September at 117.780(Month Close), that being 86%(Pct Range) off of 113.400(Month Low) to 118.480(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the April Live Cattle(CME) also closed higher in September than August in 23(Cond Years) of those years. Of those 23, LCJ went on to exceed the September 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 LCJ should exceed 118.480(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 122.733(Average Objective).
January Feeder Cattle(CME): The FCF1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 139.180(Prev Close), the market ended September at 140.300(Month Close), that being 65%(Pct Range) off of 136.280(Month Low) to 142.450(Month High).

In comparing the August/September closes for each of the last 43 years(Total Years), Scenario found that the January Feeder Cattle(CME) also closed higher in September than August in 24(Cond Years) of those years. Of those 24, FCF went on to exceed the September high within the next 2 months in 22 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the FCF should exceed 142.450(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 148.480(Average Objective).
February Lean Hogs(CME): The HEG1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 61.580(Prev Close), the market ended September at 68.000(Month Close), that being 76%(Pct Range) off of 61.550(Month Low) to 70.000(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the February Lean Hogs(CME) also closed higher in September than August in 29(Cond Years) of those years. Of those 29, HEG went on to exceed the September high within the next 2 months in 25 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the HEG should exceed 70.000(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 75.553(Average Objective).
April Lean Hogs(CME): The HEJ1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 66.180(Prev Close), the market ended September at 72.030(Month Close), that being 86%(Pct Range) off of 66.250(Month Low) to 73.000(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the April Lean Hogs(CME) also closed higher in September than August in 26(Cond Years) of those years. Of those 26, HEJ went on to exceed the September 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 HEJ should exceed 73.000(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 78.263(Average Objective).
March Cocoa(ICE): The CCH1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 2638(Prev Close), the market ended September at 2527(Month Close), that being 10%(Pct Range) off of 2508(Month Low) to 2691(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Cocoa(ICE) also closed lower in September than August in 22(Cond Years) of those years. Of those 22, CCH went on to penetrate the September low within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the CCH should penetrate 2508(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 2284(Average Objective).
May Cocoa(ICE): The CCK1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 2627(Prev Close), the market ended September at 2519(Month Close), that being 10%(Pct Range) off of 2501(Month Low) to 2680(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Cocoa(ICE) also closed lower in September than August in 22(Cond Years) of those years. Of those 22, CCK went on to penetrate the September low within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the CCK should penetrate 2501(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 2282(Average Objective).
March Sugar #11(ICE): The SBH1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 13.28(Prev Close), the market ended September at 13.51(Month Close), that being 88%(Pct Range) off of 12.44(Month Low) to 13.65(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Sugar #11(ICE) also closed higher in September than August in 20(Cond Years) of those years. Of those 20, SBH went on to exceed the September 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 SBH should exceed 13.65(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 15.50(Average Objective).
May Sugar #11(ICE): The SBK1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 13.06(Prev Close), the market ended September at 13.22(Month Close), that being 85%(Pct Range) off of 12.33(Month Low) to 13.38(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the May Sugar #11(ICE) also closed higher in September than August in 22(Cond Years) of those years. Of those 22, SBK went on to exceed the September 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 SBK should exceed 13.38(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 14.88(Average Objective).

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