Moore Research Center, Inc.

  • Increase font size
  • Default font size
  • Decrease font size
Home MRCI Online
Print
New Windows

MRCI's Scenario Summary

MRCI Logo
MRCI's ScenarioSM Summary

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved.
ScenarioSM Summary Oct 31, 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
#QR Higher Oct 1507.70 1652.05 1498.10 1538.50 26% 41 23 20 87% 1652.05 1772.21 1538.50
CLG1 Lower Oct 41.13 42.41 35.69 36.57 13% 37 19 18 95% 35.69 30.71 36.57
CLH1 Lower Oct 41.47 42.64 36.09 37.00 14% 37 19 18 95% 36.09 31.26 37.00
CLJ1 Lower Oct 41.78 42.87 36.51 37.40 14% 36 20 19 95% 36.51 31.87 37.40
HOH1 Lower Oct 120.60 124.94 108.24 111.28 18% 41 21 18 86% 108.24 91.88 111.28
HOJ1 Lower Oct 121.16 125.40 109.18 111.97 17% 40 21 18 86% 109.18 93.60 111.97
CBH1 Lower Oct 43.46 44.62 38.14 38.85 11% 31 16 15 94% 38.14 32.01 38.85
CBJ1 Lower Oct 43.78 44.90 38.55 39.28 11% 30 17 15 88% 38.55 32.48 39.28
HEJ1 Lower Oct 72.030 75.300 67.280 68.400 14% 45 20 17 85% 67.280 63.865 68.400
KCH1 Lower Oct 112.70 115.60 105.70 106.85 12% 45 23 21 91% 105.70 96.38 106.85
LBH1 Higher Oct 465.0 482.4 415.5 481.0 98% 45 28 24 86% 482.4 525.2 481.0


Russell 2000 Index
The #QR(Mkt) ended Higher(Cond) for October(Month). Compared to September's 1507.70(Prev Close), the market ended October at 1538.50(Month Close), that being 26%(Pct Range) off of 1498.10(Month Low) to 1652.05(Month High).

In comparing the September/October closes for each of the last 41 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in October than September in 23(Cond Years) of those years. Of those 23, the #QR went on to exceed the October high within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the the #QR should exceed 1652.05(Scenario Objective) by no later than the end of December. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 1772.21(Average Objective).

February Crude Oil(NYM)
The CLG1(Mkt) ended Lower(Cond) for October(Month). Compared to September's 41.13(Prev Close), the market ended October at 36.57(Month Close), that being 13%(Pct Range) off of 35.69(Month Low) to 42.41(Month High).

In comparing the September/October closes for each of the last 37 years(Total Years), Scenario found that the February Crude Oil(NYM) also closed lower in October than September in 19(Cond Years) of those years. Of those 19, CLG went on to penetrate the October low within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the CLG should penetrate 35.69(Scenario Objective) by no later than the end of December. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 30.71(Average Objective).

March Crude Oil(NYM)
The CLH1(Mkt) ended Lower(Cond) for October(Month). Compared to September's 41.47(Prev Close), the market ended October at 37.00(Month Close), that being 14%(Pct Range) off of 36.09(Month Low) to 42.64(Month High).

In comparing the September/October closes for each of the last 37 years(Total Years), Scenario found that the March Crude Oil(NYM) also closed lower in October than September in 19(Cond Years) of those years. Of those 19, CLH went on to penetrate the October low within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the CLH should penetrate 36.09(Scenario Objective) by no later than the end of December. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 31.26(Average Objective).

April Crude Oil(NYM)
The CLJ1(Mkt) ended Lower(Cond) for October(Month). Compared to September's 41.78(Prev Close), the market ended October at 37.40(Month Close), that being 14%(Pct Range) off of 36.51(Month Low) to 42.87(Month High).

In comparing the September/October closes for each of the last 36 years(Total Years), Scenario found that the April Crude Oil(NYM) also closed lower in October than September in 20(Cond Years) of those years. Of those 20, CLJ went on to penetrate the October low within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the CLJ should penetrate 36.51(Scenario Objective) by no later than the end of December. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 31.87(Average Objective).

March NY Harbor ULSD(NYM)
The HOH1(Mkt) ended Lower(Cond) for October(Month). Compared to September's 120.60(Prev Close), the market ended October at 111.28(Month Close), that being 18%(Pct Range) off of 108.24(Month Low) to 124.94(Month High).

In comparing the September/October closes for each of the last 41 years(Total Years), Scenario found that the March NY Harbor ULSD(NYM) also closed lower in October than September in 21(Cond Years) of those years. Of those 21, HOH went on to penetrate the October 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 HOH should penetrate 108.24(Scenario Objective) by no later than the end of December. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 91.88(Average Objective).

April NY Harbor ULSD(NYM)
The HOJ1(Mkt) ended Lower(Cond) for October(Month). Compared to September's 121.16(Prev Close), the market ended October at 111.97(Month Close), that being 17%(Pct Range) off of 109.18(Month Low) to 125.40(Month High).

In comparing the September/October closes for each of the last 40 years(Total Years), Scenario found that the April NY Harbor ULSD(NYM) also closed lower in October than September in 21(Cond Years) of those years. Of those 21, HOJ went on to penetrate the October 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 HOJ should penetrate 109.18(Scenario Objective) by no later than the end of December. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 93.60(Average Objective).

March Brent Crude Oil(ICE)
The CBH1(Mkt) ended Lower(Cond) for October(Month). Compared to September's 43.46(Prev Close), the market ended October at 38.85(Month Close), that being 11%(Pct Range) off of 38.14(Month Low) to 44.62(Month High).

In comparing the September/October closes for each of the last 31 years(Total Years), Scenario found that the March Brent Crude Oil(ICE) also closed lower in October than September in 16(Cond Years) of those years. Of those 16, CBH went on to penetrate the October low within the next 2 months in 15 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the CBH should penetrate 38.14(Scenario Objective) by no later than the end of December. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 32.01(Average Objective).

April Brent Crude Oil(ICE)
The CBJ1(Mkt) ended Lower(Cond) for October(Month). Compared to September's 43.78(Prev Close), the market ended October at 39.28(Month Close), that being 11%(Pct Range) off of 38.55(Month Low) to 44.90(Month High).

In comparing the September/October closes for each of the last 30 years(Total Years), Scenario found that the April Brent Crude Oil(ICE) also closed lower in October than September in 17(Cond Years) of those years. Of those 17, CBJ went on to penetrate the October 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 CBJ should penetrate 38.55(Scenario Objective) by no later than the end of December. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 32.48(Average Objective).

April Lean Hogs(CME)
The HEJ1(Mkt) ended Lower(Cond) for October(Month). Compared to September's 72.030(Prev Close), the market ended October at 68.400(Month Close), that being 14%(Pct Range) off of 67.280(Month Low) to 75.300(Month High).

In comparing the September/October closes for each of the last 45 years(Total Years), Scenario found that the April Lean Hogs(CME) also closed lower in October than September in 20(Cond Years) of those years. Of those 20, HEJ went on to penetrate the October 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 HEJ should penetrate 67.280(Scenario Objective) by no later than the end of December. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 63.865(Average Objective).

March Coffee "C"(ICE)
The KCH1(Mkt) ended Lower(Cond) for October(Month). Compared to September's 112.70(Prev Close), the market ended October at 106.85(Month Close), that being 12%(Pct Range) off of 105.70(Month Low) to 115.60(Month High).

In comparing the September/October closes for each of the last 45 years(Total Years), Scenario found that the March Coffee "C"(ICE) also closed lower in October than September in 23(Cond Years) of those years. Of those 23, KCH went on to penetrate the October 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 KCH should penetrate 105.70(Scenario Objective) by no later than the end of December. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 96.38(Average Objective).

March Lumber(CME)
The LBH1(Mkt) ended Higher(Cond) for October(Month). Compared to September's 465.0(Prev Close), the market ended October at 481.0(Month Close), that being 98%(Pct Range) off of 415.5(Month Low) to 482.4(Month High).

In comparing the September/October closes for each of the last 45 years(Total Years), Scenario found that the March Lumber(CME) also closed higher in October than September in 28(Cond Years) of those years. Of those 28, LBH went on to exceed the October 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 LBH should exceed 482.4(Scenario Objective) by no later than the end of December. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 525.2(Average Objective).
Banner

Login

Newsflash

Let MRCI introduce you to our brand new Futures Highlight!

The focus on a single market each month can provide you more in-depth knowledge of how it trades. What if you knew such things as ...
(1) average daily ranges by day of week
(2)  how often it tends to close higher/lower by day of week
(3)  how often it tends to gap up/down
(4)  historical summary of daily % of price change

FREE for a limited time!!!