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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 Sep 30, 2021
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
#SSNI Higher Sep 28090 30796 28179 29453 49% 45 22 21 95% 30796 32445 29453
EDZ1 Higher Sep 99.825 99.835 99.810 99.830 80% 39 26 24 92% 99.835 100.140 99.830
CDZ1 Lower Sep 79.31 80.09 77.54 78.99 57% 44 14 12 86% 77.54 76.24 78.99
EUZ1 Lower Sep 118.37 119.32 115.78 116.00 6% 22 11 11 100% 115.78 112.43 116.00
JYZ1 Lower Sep 90.99 91.72 89.26 89.81 22% 44 21 20 95% 89.26 86.18 89.81
SFZ1 Lower Sep 109.59 109.96 106.93 107.42 16% 45 17 15 88% 106.93 103.28 107.42
DXZ1 Higher Sep 92.635 94.520 91.935 94.240 89% 35 16 15 94% 94.520 97.377 94.240
CLF2 Higher Sep 67.60 75.67 66.35 74.19 84% 38 19 16 84% 75.67 81.18 74.19
CLG2 Higher Sep 67.21 75.01 66.05 73.59 84% 38 19 16 84% 75.01 80.22 73.59
RBF2 Higher Sep 200.51 216.24 196.52 213.83 88% 36 20 19 95% 216.24 230.85 213.83
RBG2 Higher Sep 200.28 215.73 196.66 213.50 88% 36 20 17 85% 215.73 230.39 213.50
NGF2 Higher Sep 4.563 6.490 4.577 6.073 78% 31 16 14 88% 6.490 7.413 6.073
NGG2 Higher Sep 4.456 6.357 4.461 5.951 79% 31 15 13 87% 6.357 7.196 5.951
SF2 Lower Sep 1300.25 1317.00 1259.25 1265.50 11% 45 26 23 88% 1259.25 1176.94 1265.50
SH2 Lower Sep 1305.25 1320.50 1266.00 1272.00 11% 45 24 22 92% 1266.00 1187.44 1272.00
BOF2 Lower Sep 58.72 59.86 54.25 58.55 77% 45 26 23 88% 54.25 49.95 58.55
BOH2 Lower Sep 58.54 59.66 54.30 58.27 74% 45 26 23 88% 54.30 50.15 58.27
SMF2 Lower Sep 347.00 349.20 330.70 331.00 2% 45 26 23 88% 330.70 311.89 331.00
SMH2 Lower Sep 349.30 351.80 333.20 333.40 1% 45 26 22 85% 333.20 313.70 333.40
CZ1 Higher Sep 534.25 548.50 497.50 536.75 77% 45 17 16 94% 548.50 604.27 536.75
CH2 Higher Sep 542.75 555.75 506.75 544.50 77% 45 17 16 94% 555.75 607.34 544.50
KWZ1 Higher Sep 712.00 737.75 670.25 731.75 91% 45 28 24 86% 737.75 788.26 731.75
KWH2 Higher Sep 721.50 745.50 679.75 739.25 90% 45 28 25 89% 745.50 792.72 739.25
OZ1 Higher Sep 502.25 594.50 486.00 582.25 89% 45 25 22 88% 594.50 685.05 582.25
OH2 Higher Sep 501.50 583.25 487.00 572.50 89% 45 23 21 91% 583.25 653.15 572.50
LCZ1 Lower Sep 133.485 134.135 125.130 125.730 7% 45 20 19 95% 125.130 119.476 125.730
FCF2 Lower Sep 168.985 170.450 153.235 154.180 5% 44 18 18 100% 153.235 145.426 154.180
FCH2 Lower Sep 169.030 170.530 154.500 155.385 6% 45 20 18 90% 154.500 147.331 155.385
HEG2 Higher Sep 83.400 87.380 74.630 87.230 99% 45 29 25 86% 87.380 94.504 87.230
LBF2 Higher Sep 551.9 695.0 549.9 651.7 70% 45 14 13 93% 695.0 756.8 651.7
LBH2 Higher Sep 558.7 667.3 559.1 642.1 77% 45 15 15 100% 667.3 717.9 642.1


Nikkei 225 Index
The #SSNI(Mkt) ended Higher(Cond) for September(Month). Compared to August's 28090(Prev Close), the market ended September at 29453(Month Close), that being 49%(Pct Range) off of 28179(Month Low) to 30796(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 22(Cond Years) of those years. Of those 22, the #SSNI went on to exceed the September high within the next 2 months in 21 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the the #SSNI should exceed 30796(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 32445(Average Objective).

December Eurodollars(CME)
The EDZ1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 99.825(Prev Close), the market ended September at 99.830(Month Close), that being 80%(Pct Range) off of 99.810(Month Low) to 99.835(Month High).

In comparing the August/September closes for each of the last 39 years(Total Years), Scenario found that the December Eurodollars(CME) also closed higher in September than August in 26(Cond Years) of those years. Of those 26, EDZ went on to exceed the September high within the next 2 months in 24 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the EDZ should exceed 99.835(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 100.140(Average Objective).

December Canadian Dollar(CME)
The CDZ1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 79.31(Prev Close), the market ended September at 78.99(Month Close), that being 57%(Pct Range) off of 77.54(Month Low) to 80.09(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the December Canadian Dollar(CME) also closed lower in September than August in 14(Cond Years) of those years. Of those 14, CDZ went on to penetrate the September low within the next 2 months in 12 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the CDZ should penetrate 77.54(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 76.24(Average Objective).

December EuroFX(CME)
The EUZ1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 118.37(Prev Close), the market ended September at 116.00(Month Close), that being 6%(Pct Range) off of 115.78(Month Low) to 119.32(Month High).

In comparing the August/September closes for each of the last 22 years(Total Years), Scenario found that the December EuroFX(CME) also closed lower in September than August in 11(Cond Years) of those years. Of those 11, EUZ went on to penetrate the September low within the next 2 months in 11 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the EUZ should penetrate 115.78(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 112.43(Average Objective).

December Japanese Yen(CME)
The JYZ1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 90.99(Prev Close), the market ended September at 89.81(Month Close), that being 22%(Pct Range) off of 89.26(Month Low) to 91.72(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the December Japanese Yen(CME) also closed lower in September than August in 21(Cond Years) of those years. Of those 21, JYZ went on to penetrate the September low within the next 2 months in 20 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the JYZ should penetrate 89.26(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 86.18(Average Objective).

December Swiss Franc(CME)
The SFZ1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 109.59(Prev Close), the market ended September at 107.42(Month Close), that being 16%(Pct Range) off of 106.93(Month Low) to 109.96(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 106.93(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 103.28(Average Objective).

December US Dollar Index(ICE)
The DXZ1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 92.635(Prev Close), the market ended September at 94.240(Month Close), that being 89%(Pct Range) off of 91.935(Month Low) to 94.520(Month High).

In comparing the August/September closes for each of the last 35 years(Total Years), Scenario found that the December US Dollar Index(ICE) also closed higher in September than August in 16(Cond Years) of those years. Of those 16, DXZ 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 DXZ should exceed 94.520(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 97.377(Average Objective).

January Crude Oil(NYM)
The CLF2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 67.60(Prev Close), the market ended September at 74.19(Month Close), that being 84%(Pct Range) off of 66.35(Month Low) to 75.67(Month High).

In comparing the August/September closes for each of the last 38 years(Total Years), Scenario found that the January Crude Oil(NYM) also closed higher in September than August in 19(Cond Years) of those years. Of those 19, CLF 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 CLF should exceed 75.67(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 81.18(Average Objective).

February Crude Oil(NYM)
The CLG2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 67.21(Prev Close), the market ended September at 73.59(Month Close), that being 84%(Pct Range) off of 66.05(Month Low) to 75.01(Month High).

In comparing the August/September closes for each of the last 38 years(Total Years), Scenario found that the February Crude Oil(NYM) also closed higher in September than August in 19(Cond Years) of those years. Of those 19, CLG 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 CLG should exceed 75.01(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 80.22(Average Objective).

January RBOB Gasoline(NYM)
The RBF2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 200.51(Prev Close), the market ended September at 213.83(Month Close), that being 88%(Pct Range) off of 196.52(Month Low) to 216.24(Month High).

In comparing the August/September closes for each of the last 36 years(Total Years), Scenario found that the January RBOB Gasoline(NYM) also closed higher in September than August in 20(Cond Years) of those years. Of those 20, RBF went on to exceed the September 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 RBF should exceed 216.24(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 230.85(Average Objective).

February RBOB Gasoline(NYM)
The RBG2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 200.28(Prev Close), the market ended September at 213.50(Month Close), that being 88%(Pct Range) off of 196.66(Month Low) to 215.73(Month High).

In comparing the August/September closes for each of the last 36 years(Total Years), Scenario found that the February RBOB Gasoline(NYM) also closed higher in September than August in 20(Cond Years) of those years. Of those 20, RBG 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 RBG should exceed 215.73(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 230.39(Average Objective).

January Natural Gas(NYM)
The NGF2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 4.563(Prev Close), the market ended September at 6.073(Month Close), that being 78%(Pct Range) off of 4.577(Month Low) to 6.490(Month High).

In comparing the August/September closes for each of the last 31 years(Total Years), Scenario found that the January Natural Gas(NYM) also closed higher in September than August in 16(Cond Years) of those years. Of those 16, NGF went on to exceed the September 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 NGF should exceed 6.490(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 7.413(Average Objective).

February Natural Gas(NYM)
The NGG2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 4.456(Prev Close), the market ended September at 5.951(Month Close), that being 79%(Pct Range) off of 4.461(Month Low) to 6.357(Month High).

In comparing the August/September closes for each of the last 31 years(Total Years), Scenario found that the February Natural Gas(NYM) also closed higher in September than August in 15(Cond Years) of those years. Of those 15, NGG went on to exceed the September high within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the NGG should exceed 6.357(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 7.196(Average Objective).

January Soybeans(CBOT)
The SF2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 1300.25(Prev Close), the market ended September at 1265.50(Month Close), that being 11%(Pct Range) off of 1259.25(Month Low) to 1317.00(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the January Soybeans(CBOT) also closed lower in September than August in 26(Cond Years) of those years. Of those 26, SF went on to penetrate the September 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 SF should penetrate 1259.25(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 1176.94(Average Objective).

March Soybeans(CBOT)
The SH2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 1305.25(Prev Close), the market ended September at 1272.00(Month Close), that being 11%(Pct Range) off of 1266.00(Month Low) to 1320.50(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Soybeans(CBOT) also closed lower in September than August in 24(Cond Years) of those years. Of those 24, SH went on to penetrate the September low within the next 2 months in 22 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the SH should penetrate 1266.00(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 1187.44(Average Objective).

January Soybean Oil(CBOT)
The BOF2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 58.72(Prev Close), the market ended September at 58.55(Month Close), that being 77%(Pct Range) off of 54.25(Month Low) to 59.86(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 lower in September than August in 26(Cond Years) of those years. Of those 26, BOF went on to penetrate the September 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 BOF should penetrate 54.25(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 49.95(Average Objective).

March Soybean Oil(CBOT)
The BOH2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 58.54(Prev Close), the market ended September at 58.27(Month Close), that being 74%(Pct Range) off of 54.30(Month Low) to 59.66(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 lower in September than August in 26(Cond Years) of those years. Of those 26, BOH went on to penetrate the September 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 BOH should penetrate 54.30(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 50.15(Average Objective).

January Soybean Meal(CBOT)
The SMF2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 347.00(Prev Close), the market ended September at 331.00(Month Close), that being 2%(Pct Range) off of 330.70(Month Low) to 349.20(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the January Soybean Meal(CBOT) also closed lower in September than August in 26(Cond Years) of those years. Of those 26, SMF went on to penetrate the September 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 SMF should penetrate 330.70(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 311.89(Average Objective).

March Soybean Meal(CBOT)
The SMH2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 349.30(Prev Close), the market ended September at 333.40(Month Close), that being 1%(Pct Range) off of 333.20(Month Low) to 351.80(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Soybean Meal(CBOT) also closed lower in September than August in 26(Cond Years) of those years. Of those 26, SMH went on to penetrate the September 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 SMH should penetrate 333.20(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 313.70(Average Objective).

December Corn(CBOT)
The CZ1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 534.25(Prev Close), the market ended September at 536.75(Month Close), that being 77%(Pct Range) off of 497.50(Month Low) to 548.50(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the December Corn(CBOT) also closed higher in September than August in 17(Cond Years) of those years. Of those 17, CZ went on to exceed the September high within the next 2 months in 16 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the CZ should exceed 548.50(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 604.27(Average Objective).

March Corn(CBOT)
The CH2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 542.75(Prev Close), the market ended September at 544.50(Month Close), that being 77%(Pct Range) off of 506.75(Month Low) to 555.75(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 17(Cond Years) of those years. Of those 17, CH went on to exceed the September high within the next 2 months in 16 years(Action Years) or 94%(Pct) of the time.

Therefore, the historical odds are high that the CH should exceed 555.75(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 607.34(Average Objective).

December Wheat(KCBT)
The KWZ1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 712.00(Prev Close), the market ended September at 731.75(Month Close), that being 91%(Pct Range) off of 670.25(Month Low) to 737.75(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the December Wheat(KCBT) also closed higher in September than August in 28(Cond Years) of those years. Of those 28, KWZ went on to exceed the September 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 KWZ should exceed 737.75(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 788.26(Average Objective).

March Wheat(KCBT)
The KWH2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 721.50(Prev Close), the market ended September at 739.25(Month Close), that being 90%(Pct Range) off of 679.75(Month Low) to 745.50(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Wheat(KCBT) also closed higher in September than August in 28(Cond Years) of those years. Of those 28, KWH went on to exceed the September high within the next 2 months in 25 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the KWH should exceed 745.50(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 792.72(Average Objective).

December Oats(CBOT)
The OZ1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 502.25(Prev Close), the market ended September at 582.25(Month Close), that being 89%(Pct Range) off of 486.00(Month Low) to 594.50(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the December Oats(CBOT) also closed higher in September than August in 25(Cond Years) of those years. Of those 25, OZ 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 OZ should exceed 594.50(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 685.05(Average Objective).

March Oats(CBOT)
The OH2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 501.50(Prev Close), the market ended September at 572.50(Month Close), that being 89%(Pct Range) off of 487.00(Month Low) to 583.25(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 21 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the OH should exceed 583.25(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 653.15(Average Objective).

December Live Cattle(CME)
The LCZ1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 133.485(Prev Close), the market ended September at 125.730(Month Close), that being 7%(Pct Range) off of 125.130(Month Low) to 134.135(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the December Live Cattle(CME) also closed lower in September than August in 20(Cond Years) of those years. Of those 20, LCZ went on to penetrate the September 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 LCZ should penetrate 125.130(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 119.476(Average Objective).

January Feeder Cattle(CME)
The FCF2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 168.985(Prev Close), the market ended September at 154.180(Month Close), that being 5%(Pct Range) off of 153.235(Month Low) to 170.450(Month High).

In comparing the August/September closes for each of the last 44 years(Total Years), Scenario found that the January Feeder Cattle(CME) also closed lower in September than August in 18(Cond Years) of those years. Of those 18, FCF went on to penetrate the September low within the next 2 months in 18 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the FCF should penetrate 153.235(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 145.426(Average Objective).

March Feeder Cattle(CME)
The FCH2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 169.030(Prev Close), the market ended September at 155.385(Month Close), that being 6%(Pct Range) off of 154.500(Month Low) to 170.530(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Feeder Cattle(CME) also closed lower in September than August in 20(Cond Years) of those years. Of those 20, FCH went on to penetrate the September low within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the FCH should penetrate 154.500(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 147.331(Average Objective).

February Lean Hogs(CME)
The HEG2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 83.400(Prev Close), the market ended September at 87.230(Month Close), that being 99%(Pct Range) off of 74.630(Month Low) to 87.380(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 87.380(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 94.504(Average Objective).

January Lumber(CME)
The LBF2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 551.9(Prev Close), the market ended September at 651.7(Month Close), that being 70%(Pct Range) off of 549.9(Month Low) to 695.0(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the January Lumber(CME) also closed higher in September than August in 14(Cond Years) of those years. Of those 14, LBF went on to exceed the September high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the LBF should exceed 695.0(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 756.8(Average Objective).

March Lumber(CME)
The LBH2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 558.7(Prev Close), the market ended September at 642.1(Month Close), that being 77%(Pct Range) off of 559.1(Month Low) to 667.3(Month High).

In comparing the August/September closes for each of the last 45 years(Total Years), Scenario found that the March Lumber(CME) also closed higher in September than August in 15(Cond Years) of those years. Of those 15, LBH 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 LBH should exceed 667.3(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 717.9(Average Objective).
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