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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 Feb 28, 2022
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 Feb 2028.45 2105.20 1894.45 2040.95 70% 43 26 24 92% Yes 2230.97 2040.95
#MZ Higher Feb 2635.40 2745.70 2484.45 2661.50 68% 2 1 1 100% 2745.70   2661.50
#VLE Higher Feb 9390.00 9723.00 8827.00 9422.00 66% 39 26 24 92% 9723.00 10226.06 9422.00
NQM2 Lower Feb 14906.00 15261.25 13031.00 14228.00 54% 25 13 11 85% 13031.00 11912.02 14228.00
USM2 Lower Feb 157~140 158~150 151~290 156~220 73% 44 22 19 86% 151~290 147~019 156~220
TYM2 Lower Feb 127~280 128~085 125~145 127~140 71% 39 19 17 89% 125~145 122~307 127~140
FVM2 Lower Feb 118~246 119~000 116~292 118~090 66% 33 17 15 88% 116~292 115~117 118~090
EDM2 Lower Feb 99.095 99.155 98.550 98.920 61% 39 21 19 90% 98.550 98.213 98.920
CDM2 Higher Feb 78.73 79.13 77.65 78.84 80% 45 21 19 90% 79.13 81.41 78.84
EUM2 Lower Feb 112.86 115.39 111.47 112.66 30% 23 13 12 92% 111.47 107.65 112.66
DXM2 Higher Feb 96.463 97.650 95.085 96.620 60% 36 18 17 94% 97.650 100.505 96.620
CLM2 Higher Feb 83.85 96.08 82.36 90.98 63% 38 23 20 87% 96.08 106.44 90.98
CLN2 Higher Feb 82.70 93.97 81.33 88.72 58% 38 23 21 91% 93.97 103.21 88.72
HOM2 Higher Feb 255.62 289.18 251.91 277.77 69% 42 21 19 90% 289.18 317.17 277.77
HON2 Higher Feb 253.55 284.75 250.30 272.93 66% 42 21 19 90% 284.75 310.92 272.93
RBM2 Higher Feb 260.86 298.87 257.05 285.94 69% 36 18 18 100% 298.87 339.91 285.94
RBN2 Higher Feb 257.06 293.17 253.70 279.97 67% 36 18 18 100% 293.17 330.87 279.97
CBN2 Higher Feb 85.57 97.44 84.08 92.90 66% 31 19 18 95% 97.44 107.36 92.90
CBQ2 Higher Feb 84.68 95.94 83.22 91.15 62% 31 19 18 95% 95.94 105.18 91.15
SK2 Higher Feb 1495.25 1759.25 1490.00 1636.75 55% 45 26 23 88% 1759.25 1899.08 1636.75
SN2 Higher Feb 1492.50 1741.00 1487.50 1616.50 51% 45 26 22 85% 1741.00 1886.21 1616.50
BOK2 Higher Feb 64.81 74.58 62.81 72.52 82% 45 27 25 93% 74.58 81.29 72.52
BON2 Higher Feb 64.40 73.96 62.66 70.79 72% 45 28 26 93% 73.96 80.23 70.79
HEK2 Higher Feb 99.680 116.100 99.100 107.650 50% 20 9 8 89% 116.100 125.372 107.650
HEM2 Higher Feb 105.530 121.550 104.700 113.430 52% 45 23 20 87% 121.550 131.934 113.430
KCU2 Lower Feb 233.60 256.90 229.70 230.05 1% 45 26 22 85% 229.70 210.12 230.05
CCU2 Lower Feb 2608 2844 2554 2568 5% 45 21 19 90% 2554 2306 2568
LBN2 Higher Feb 881.0 1152.5 825.2 1054.2 70% 45 22 19 86% 1152.5 1260.3 1054.2
CTK2 Lower Feb 123.07 125.83 115.86 119.12 33% 45 18 16 89% 115.86 107.12 119.12
CTN2 Lower Feb 119.66 122.55 113.21 115.82 28% 45 19 16 84% 113.21 105.46 115.82
RRN2 Higher Feb 15.38 15.88 15.06 15.87 99% 32 9 9 100% 15.88 17.77 15.87


Russell 2000 Index
The #QR(Mkt) ended Higher(Cond) for February(Month). Compared to January's 2028.45(Prev Close), the market ended February at 2040.95(Month Close), that being 70%(Pct Range) off of 1894.45(Month Low) to 2105.20(Month High).

In comparing the January/February closes for each of the last 43 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in February than January in 26(Cond Years) of those years. Of those 26, the #QR went on to exceed the February 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 the #QR should exceed 2105.20(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 2230.97(Average Objective).

S&P MidCap 400 Index
The #MZ(Mkt) ended Higher(Cond) for February(Month). Compared to January's 2635.40(Prev Close), the market ended February at 2661.50(Month Close), that being 68%(Pct Range) off of 2484.45(Month Low) to 2745.70(Month High).

In comparing the January/February closes for each of the last 2 years(Total Years), Scenario found that the S&P MidCap 400 Index also closed higher in February than January in 1(Cond Years) of those years. Of those 1, the #MZ went on to exceed the February high within the next 2 months in 1 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #MZ should exceed 2745.70(Scenario Objective) by no later than the end of April.

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for February(Month). Compared to January's 9390.00(Prev Close), the market ended February at 9422.00(Month Close), that being 66%(Pct Range) off of 8827.00(Month Low) to 9723.00(Month High).

In comparing the January/February closes for each of the last 39 years(Total Years), Scenario found that the Value Line Index also closed higher in February than January in 26(Cond Years) of those years. Of those 26, the #VLE went on to exceed the February 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 the #VLE should exceed 9723.00(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 10226.06(Average Objective).

June NASDAQ 100 E-Mini(CME)
The NQM2(Mkt) ended Lower(Cond) for February(Month). Compared to January's 14906.00(Prev Close), the market ended February at 14228.00(Month Close), that being 54%(Pct Range) off of 13031.00(Month Low) to 15261.25(Month High).

In comparing the January/February closes for each of the last 25 years(Total Years), Scenario found that the June NASDAQ 100 E-Mini(CME) also closed lower in February than January in 13(Cond Years) of those years. Of those 13, NQM went on to penetrate the February low within the next 2 months in 11 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the NQM should penetrate 13031.00(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 11912.02(Average Objective).

June 30-Year T-Bonds(CBOT)
The USM2(Mkt) ended Lower(Cond) for February(Month). Compared to January's 157~140(Prev Close), the market ended February at 156~220(Month Close), that being 73%(Pct Range) off of 151~290(Month Low) to 158~150(Month High).

In comparing the January/February closes for each of the last 44 years(Total Years), Scenario found that the June 30-Year T-Bonds(CBOT) also closed lower in February than January in 22(Cond Years) of those years. Of those 22, USM went on to penetrate the February low within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the USM should penetrate 151~290(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 147~019(Average Objective).

June 10-Year T-Notes(CBOT)
The TYM2(Mkt) ended Lower(Cond) for February(Month). Compared to January's 127~280(Prev Close), the market ended February at 127~140(Month Close), that being 71%(Pct Range) off of 125~145(Month Low) to 128~085(Month High).

In comparing the January/February closes for each of the last 39 years(Total Years), Scenario found that the June 10-Year T-Notes(CBOT) also closed lower in February than January in 19(Cond Years) of those years. Of those 19, TYM went on to penetrate the February 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 TYM should penetrate 125~145(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 122~307(Average Objective).

June 5-Year T-Notes(CBOT)
The FVM2(Mkt) ended Lower(Cond) for February(Month). Compared to January's 118~246(Prev Close), the market ended February at 118~090(Month Close), that being 66%(Pct Range) off of 116~292(Month Low) to 119~000(Month High).

In comparing the January/February closes for each of the last 33 years(Total Years), Scenario found that the June 5-Year T-Notes(CBOT) also closed lower in February than January in 17(Cond Years) of those years. Of those 17, FVM went on to penetrate the February 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 FVM should penetrate 116~292(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 115~117(Average Objective).

June Eurodollars(CME)
The EDM2(Mkt) ended Lower(Cond) for February(Month). Compared to January's 99.095(Prev Close), the market ended February at 98.920(Month Close), that being 61%(Pct Range) off of 98.550(Month Low) to 99.155(Month High).

In comparing the January/February closes for each of the last 39 years(Total Years), Scenario found that the June Eurodollars(CME) also closed lower in February than January in 21(Cond Years) of those years. Of those 21, EDM went on to penetrate the February low within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the EDM should penetrate 98.550(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 98.213(Average Objective).

June Canadian Dollar(CME)
The CDM2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 78.73(Prev Close), the market ended February at 78.84(Month Close), that being 80%(Pct Range) off of 77.65(Month Low) to 79.13(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the June Canadian Dollar(CME) also closed higher in February than January in 21(Cond Years) of those years. Of those 21, CDM went on to exceed the February 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 CDM should exceed 79.13(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 81.41(Average Objective).

June EuroFX(CME)
The EUM2(Mkt) ended Lower(Cond) for February(Month). Compared to January's 112.86(Prev Close), the market ended February at 112.66(Month Close), that being 30%(Pct Range) off of 111.47(Month Low) to 115.39(Month High).

In comparing the January/February closes for each of the last 23 years(Total Years), Scenario found that the June EuroFX(CME) also closed lower in February than January in 13(Cond Years) of those years. Of those 13, EUM went on to penetrate the February 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 EUM should penetrate 111.47(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 107.65(Average Objective).

June US Dollar Index(ICE)
The DXM2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 96.463(Prev Close), the market ended February at 96.620(Month Close), that being 60%(Pct Range) off of 95.085(Month Low) to 97.650(Month High).

In comparing the January/February closes for each of the last 36 years(Total Years), Scenario found that the June US Dollar Index(ICE) also closed higher in February than January in 18(Cond Years) of those years. Of those 18, DXM went on to exceed the February 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 DXM should exceed 97.650(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 100.505(Average Objective).

June Crude Oil(NYM)
The CLM2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 83.85(Prev Close), the market ended February at 90.98(Month Close), that being 63%(Pct Range) off of 82.36(Month Low) to 96.08(Month High).

In comparing the January/February closes for each of the last 38 years(Total Years), Scenario found that the June Crude Oil(NYM) also closed higher in February than January in 23(Cond Years) of those years. Of those 23, CLM went on to exceed the February 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 CLM should exceed 96.08(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 106.44(Average Objective).

July Crude Oil(NYM)
The CLN2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 82.70(Prev Close), the market ended February at 88.72(Month Close), that being 58%(Pct Range) off of 81.33(Month Low) to 93.97(Month High).

In comparing the January/February closes for each of the last 38 years(Total Years), Scenario found that the July Crude Oil(NYM) also closed higher in February than January in 23(Cond Years) of those years. Of those 23, CLN went on to exceed the February 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 CLN should exceed 93.97(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 103.21(Average Objective).

June NY Harbor ULSD(NYM)
The HOM2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 255.62(Prev Close), the market ended February at 277.77(Month Close), that being 69%(Pct Range) off of 251.91(Month Low) to 289.18(Month High).

In comparing the January/February closes for each of the last 42 years(Total Years), Scenario found that the June NY Harbor ULSD(NYM) also closed higher in February than January in 21(Cond Years) of those years. Of those 21, HOM went on to exceed the February 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 HOM should exceed 289.18(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 317.17(Average Objective).

July NY Harbor ULSD(NYM)
The HON2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 253.55(Prev Close), the market ended February at 272.93(Month Close), that being 66%(Pct Range) off of 250.30(Month Low) to 284.75(Month High).

In comparing the January/February closes for each of the last 42 years(Total Years), Scenario found that the July NY Harbor ULSD(NYM) also closed higher in February than January in 21(Cond Years) of those years. Of those 21, HON went on to exceed the February 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 HON should exceed 284.75(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 310.92(Average Objective).

June RBOB Gasoline(NYM)
The RBM2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 260.86(Prev Close), the market ended February at 285.94(Month Close), that being 69%(Pct Range) off of 257.05(Month Low) to 298.87(Month High).

In comparing the January/February closes for each of the last 36 years(Total Years), Scenario found that the June RBOB Gasoline(NYM) also closed higher in February than January in 18(Cond Years) of those years. Of those 18, RBM went on to exceed the February high within the next 2 months in 18 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the RBM should exceed 298.87(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 339.91(Average Objective).

July RBOB Gasoline(NYM)
The RBN2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 257.06(Prev Close), the market ended February at 279.97(Month Close), that being 67%(Pct Range) off of 253.70(Month Low) to 293.17(Month High).

In comparing the January/February closes for each of the last 36 years(Total Years), Scenario found that the July RBOB Gasoline(NYM) also closed higher in February than January in 18(Cond Years) of those years. Of those 18, RBN went on to exceed the February high within the next 2 months in 18 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the RBN should exceed 293.17(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 330.87(Average Objective).

July Brent Crude Oil(ICE)
The CBN2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 85.57(Prev Close), the market ended February at 92.90(Month Close), that being 66%(Pct Range) off of 84.08(Month Low) to 97.44(Month High).

In comparing the January/February closes for each of the last 31 years(Total Years), Scenario found that the July Brent Crude Oil(ICE) also closed higher in February than January in 19(Cond Years) of those years. Of those 19, CBN went on to exceed the February 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 CBN should exceed 97.44(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 107.36(Average Objective).

August Brent Crude Oil(ICE)
The CBQ2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 84.68(Prev Close), the market ended February at 91.15(Month Close), that being 62%(Pct Range) off of 83.22(Month Low) to 95.94(Month High).

In comparing the January/February closes for each of the last 31 years(Total Years), Scenario found that the August Brent Crude Oil(ICE) also closed higher in February than January in 19(Cond Years) of those years. Of those 19, CBQ went on to exceed the February 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 CBQ should exceed 95.94(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 105.18(Average Objective).

May Soybeans(CBOT)
The SK2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 1495.25(Prev Close), the market ended February at 1636.75(Month Close), that being 55%(Pct Range) off of 1490.00(Month Low) to 1759.25(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the May Soybeans(CBOT) also closed higher in February than January in 26(Cond Years) of those years. Of those 26, SK went on to exceed the February 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 SK should exceed 1759.25(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 1899.08(Average Objective).

July Soybeans(CBOT)
The SN2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 1492.50(Prev Close), the market ended February at 1616.50(Month Close), that being 51%(Pct Range) off of 1487.50(Month Low) to 1741.00(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Soybeans(CBOT) also closed higher in February than January in 26(Cond Years) of those years. Of those 26, SN went on to exceed the February 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 SN should exceed 1741.00(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 1886.21(Average Objective).

May Soybean Oil(CBOT)
The BOK2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 64.81(Prev Close), the market ended February at 72.52(Month Close), that being 82%(Pct Range) off of 62.81(Month Low) to 74.58(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the May Soybean Oil(CBOT) also closed higher in February than January in 27(Cond Years) of those years. Of those 27, BOK went on to exceed the February 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 BOK should exceed 74.58(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 81.29(Average Objective).

July Soybean Oil(CBOT)
The BON2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 64.40(Prev Close), the market ended February at 70.79(Month Close), that being 72%(Pct Range) off of 62.66(Month Low) to 73.96(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Soybean Oil(CBOT) also closed higher in February than January in 28(Cond Years) of those years. Of those 28, BON went on to exceed the February high within the next 2 months in 26 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the BON should exceed 73.96(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 26 years) a potential move toward 80.23(Average Objective).

May Lean Hogs(CME)
The HEK2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 99.680(Prev Close), the market ended February at 107.650(Month Close), that being 50%(Pct Range) off of 99.100(Month Low) to 116.100(Month High).

In comparing the January/February closes for each of the last 20 years(Total Years), Scenario found that the May Lean Hogs(CME) also closed higher in February than January in 9(Cond Years) of those years. Of those 9, HEK went on to exceed the February 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 HEK should exceed 116.100(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 125.372(Average Objective).

June Lean Hogs(CME)
The HEM2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 105.530(Prev Close), the market ended February at 113.430(Month Close), that being 52%(Pct Range) off of 104.700(Month Low) to 121.550(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the June Lean Hogs(CME) also closed higher in February than January in 23(Cond Years) of those years. Of those 23, HEM went on to exceed the February 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 HEM should exceed 121.550(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 131.934(Average Objective).

September Coffee "C"(ICE)
The KCU2(Mkt) ended Lower(Cond) for February(Month). Compared to January's 233.60(Prev Close), the market ended February at 230.05(Month Close), that being 1%(Pct Range) off of 229.70(Month Low) to 256.90(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the September Coffee "C"(ICE) also closed lower in February than January in 26(Cond Years) of those years. Of those 26, KCU went on to penetrate the February 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 KCU should penetrate 229.70(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 210.12(Average Objective).

September Cocoa(ICE)
The CCU2(Mkt) ended Lower(Cond) for February(Month). Compared to January's 2608(Prev Close), the market ended February at 2568(Month Close), that being 5%(Pct Range) off of 2554(Month Low) to 2844(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the September Cocoa(ICE) also closed lower in February than January in 21(Cond Years) of those years. Of those 21, CCU went on to penetrate the February low within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the CCU should penetrate 2554(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 2306(Average Objective).

July Lumber(CME)
The LBN2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 881.0(Prev Close), the market ended February at 1054.2(Month Close), that being 70%(Pct Range) off of 825.2(Month Low) to 1152.5(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Lumber(CME) also closed higher in February than January in 22(Cond Years) of those years. Of those 22, LBN went on to exceed the February 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 LBN should exceed 1152.5(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 1260.3(Average Objective).

May Cotton(ICE)
The CTK2(Mkt) ended Lower(Cond) for February(Month). Compared to January's 123.07(Prev Close), the market ended February at 119.12(Month Close), that being 33%(Pct Range) off of 115.86(Month Low) to 125.83(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the May Cotton(ICE) also closed lower in February than January in 18(Cond Years) of those years. Of those 18, CTK went on to penetrate the February 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 CTK should penetrate 115.86(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 107.12(Average Objective).

July Cotton(ICE)
The CTN2(Mkt) ended Lower(Cond) for February(Month). Compared to January's 119.66(Prev Close), the market ended February at 115.82(Month Close), that being 28%(Pct Range) off of 113.21(Month Low) to 122.55(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Cotton(ICE) also closed lower in February than January in 19(Cond Years) of those years. Of those 19, CTN went on to penetrate the February low within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the CTN should penetrate 113.21(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 105.46(Average Objective).

July Rough Rice(CBOT)
The RRN2(Mkt) ended Higher(Cond) for February(Month). Compared to January's 15.38(Prev Close), the market ended February at 15.87(Month Close), that being 99%(Pct Range) off of 15.06(Month Low) to 15.88(Month High).

In comparing the January/February closes for each of the last 32 years(Total Years), Scenario found that the July Rough Rice(CBOT) also closed higher in February than January in 9(Cond Years) of those years. Of those 9, RRN went on to exceed the February high within the next 2 months in 9 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the RRN should exceed 15.88(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 17.77(Average Objective).
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