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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 Nov 30, 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
#DJ Higher Nov 32733.00 34590.00 31731.00 34590.00 100% 45 33 29 88% 34590.00 36338.68 34590.00
#TRAN Higher Nov 13584.00 14798.00 12895.00 14649.00 92% 45 34 30 88% 14798.00 15918.98 14649.00
#OEX Higher Nov 1740.50 1827.55 1655.60 1827.55 100% 45 31 27 87% 1827.55 1925.45 1827.55
#NQ Higher Nov 11405.50 12030.00 10632.25 12030.00 100% 37 25 23 92% 12030.00 13074.12 12030.00
#QR Higher Nov 1846.85 1899.95 1757.45 1882.75 88% 43 29 27 93% Yes 2030.19 1882.75
#MZ Higher Nov 2433.05 2577.80 2326.45 2577.80 100% 2 1 1 100% 2577.80   2577.80
#VLE Higher Nov 8491.00 9026.00 8129.00 9026.00 100% 39 28 26 93% 9026.00 9575.41 9026.00
#SSNI Higher Nov 27587 28502 27032 27969 64% 45 29 25 86% 28502 30038 27969
#SP Higher Nov 3872.00 4080.00 3698.50 4080.00 100% 45 33 29 88% 4080.00 4291.54 4080.00
NQH3 Higher Nov 11563.75 12236.00 10746.75 12160.25 95% 26 20 18 90% 12236.00 13203.57 12160.25
YMH3 Higher Nov 33009 34900 32000 34854 98% 25 19 17 89% 34900 36527 34854
TYH3 Higher Nov 110~280 114~050 109~220 113~160 85% 40 22 20 91% 114~050 116~274 113~160
BPH3 Higher Nov 115.17 121.89 111.90 120.94 90% 45 18 16 89% 121.89 125.76 120.94
CDH3 Higher Nov 73.54 75.74 72.58 74.54 62% 45 15 14 93% 75.74 77.11 74.54
EUH3 Higher Nov 99.93 105.82 98.35 104.96 88% 24 10 9 90% 105.82 110.35 104.96
GCG3 Higher Nov 1654.9 1806.0 1632.4 1759.9 73% 45 22 19 86% 1806.0 1913.0 1759.9
PAH3 Higher Nov 1844.30 2125.50 1774.00 1866.00 26% 44 24 22 92% 2125.50 2433.11 1866.00
HGH3 Higher Nov 335.75 394.70 336.10 373.80 64% 45 23 20 87% 394.70 428.94 373.80
CLH3 Lower Nov 82.88 89.89 73.91 80.75 43% 39 20 17 85% 73.91 61.75 80.75
CLJ3 Lower Nov 81.78 88.65 74.00 80.71 46% 39 20 17 85% 74.00 62.31 80.71
HOH3 Lower Nov 326.37 347.10 298.83 321.25 46% 43 22 22 100% 298.83 260.12 321.25
HOJ3 Lower Nov 314.57 335.17 291.10 312.35 48% 42 22 21 95% 291.10 250.30 312.35
RBJ3 Lower Nov 261.39 283.01 241.88 258.02 39% 37 17 15 88% 241.88 210.26 258.02
WH3 Lower Nov 899.25 920.75 773.25 795.50 15% 45 23 22 96% 773.25 712.20 795.50
WK3 Lower Nov 907.50 926.50 785.25 806.00 15% 45 25 24 96% 785.25 729.52 806.00
KWH3 Lower Nov 974.25 987.50 884.25 899.75 15% 45 24 21 88% 884.25 820.24 899.75
KWK3 Lower Nov 971.25 983.75 878.50 893.00 14% 45 26 23 88% 878.50 815.89 893.00
FCH3 Higher Nov 181.580 185.350 179.180 183.450 69% 45 25 22 88% 185.350 193.881 183.450
FCJ3 Higher Nov 185.530 188.235 182.385 186.800 75% 45 27 24 89% 188.235 196.605 186.800
KCK3 Lower Nov 172.95 176.65 154.70 170.15 70% 45 21 18 86% 154.70 140.04 170.15


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for November(Month). Compared to October's 32733.00(Prev Close), the market ended November at 34590.00(Month Close), that being 100%(Pct Range) off of 31731.00(Month Low) to 34590.00(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in November than October in 33(Cond Years) of those years. Of those 33, the #DJ went on to exceed the November high within the next 2 months in 29 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #DJ should exceed 34590.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 29 years) a potential move toward 36338.68(Average Objective).

Dow Jones Transportation
The #TRAN(Mkt) ended Higher(Cond) for November(Month). Compared to October's 13584.00(Prev Close), the market ended November at 14649.00(Month Close), that being 92%(Pct Range) off of 12895.00(Month Low) to 14798.00(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in November than October in 34(Cond Years) of those years. Of those 34, the #TRAN went on to exceed the November high within the next 2 months in 30 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #TRAN should exceed 14798.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 30 years) a potential move toward 15918.98(Average Objective).

S & P 100(OEX)
The #OEX(Mkt) ended Higher(Cond) for November(Month). Compared to October's 1740.50(Prev Close), the market ended November at 1827.55(Month Close), that being 100%(Pct Range) off of 1655.60(Month Low) to 1827.55(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in November than October in 31(Cond Years) of those years. Of those 31, the #OEX went on to exceed the November high within the next 2 months in 27 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the the #OEX should exceed 1827.55(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 1925.45(Average Objective).

NASDAQ 100 Index
The #NQ(Mkt) ended Higher(Cond) for November(Month). Compared to October's 11405.50(Prev Close), the market ended November at 12030.00(Month Close), that being 100%(Pct Range) off of 10632.25(Month Low) to 12030.00(Month High).

In comparing the October/November closes for each of the last 37 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in November than October in 25(Cond Years) of those years. Of those 25, the #NQ went on to exceed the November 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 the #NQ should exceed 12030.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 13074.12(Average Objective).

Russell 2000 Index
The #QR(Mkt) ended Higher(Cond) for November(Month). Compared to October's 1846.85(Prev Close), the market ended November at 1882.75(Month Close), that being 88%(Pct Range) off of 1757.45(Month Low) to 1899.95(Month High).

In comparing the October/November closes for each of the last 43 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in November than October in 29(Cond Years) of those years. Of those 29, the #QR went on to exceed the November high within the next 2 months in 27 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the the #QR should exceed 1899.95(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 2030.19(Average Objective).

S&P MidCap 400 Index
The #MZ(Mkt) ended Higher(Cond) for November(Month). Compared to October's 2433.05(Prev Close), the market ended November at 2577.80(Month Close), that being 100%(Pct Range) off of 2326.45(Month Low) to 2577.80(Month High).

In comparing the October/November closes for each of the last 2 years(Total Years), Scenario found that the S&P MidCap 400 Index also closed higher in November than October in 1(Cond Years) of those years. Of those 1, the #MZ went on to exceed the November 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 2577.80(Scenario Objective) by no later than the end of February.

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for November(Month). Compared to October's 8491.00(Prev Close), the market ended November at 9026.00(Month Close), that being 100%(Pct Range) off of 8129.00(Month Low) to 9026.00(Month High).

In comparing the October/November closes for each of the last 39 years(Total Years), Scenario found that the Value Line Index also closed higher in November than October in 28(Cond Years) of those years. Of those 28, the #VLE went on to exceed the November 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 the #VLE should exceed 9026.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 26 years) a potential move toward 9575.41(Average Objective).

Nikkei 225 Index
The #SSNI(Mkt) ended Higher(Cond) for November(Month). Compared to October's 27587(Prev Close), the market ended November at 27969(Month Close), that being 64%(Pct Range) off of 27032(Month Low) to 28502(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the Nikkei 225 Index also closed higher in November than October in 29(Cond Years) of those years. Of those 29, the #SSNI went on to exceed the November 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 the #SSNI should exceed 28502(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 30038(Average Objective).

S & P 500 Stock Index
The #SP(Mkt) ended Higher(Cond) for November(Month). Compared to October's 3872.00(Prev Close), the market ended November at 4080.00(Month Close), that being 100%(Pct Range) off of 3698.50(Month Low) to 4080.00(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in November than October in 33(Cond Years) of those years. Of those 33, the #SP went on to exceed the November high within the next 2 months in 29 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #SP should exceed 4080.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 29 years) a potential move toward 4291.54(Average Objective).

March NASDAQ 100 E-Mini(CME)
The NQH3(Mkt) ended Higher(Cond) for November(Month). Compared to October's 11563.75(Prev Close), the market ended November at 12160.25(Month Close), that being 95%(Pct Range) off of 10746.75(Month Low) to 12236.00(Month High).

In comparing the October/November closes for each of the last 26 years(Total Years), Scenario found that the March NASDAQ 100 E-Mini(CME) also closed higher in November than October in 20(Cond Years) of those years. Of those 20, NQH went on to exceed the November high within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the NQH should exceed 12236.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 13203.57(Average Objective).

March E-mini DJIA Index(CBOT)
The YMH3(Mkt) ended Higher(Cond) for November(Month). Compared to October's 33009(Prev Close), the market ended November at 34854(Month Close), that being 98%(Pct Range) off of 32000(Month Low) to 34900(Month High).

In comparing the October/November closes for each of the last 25 years(Total Years), Scenario found that the March E-mini DJIA Index(CBOT) also closed higher in November than October in 19(Cond Years) of those years. Of those 19, YMH went on to exceed the November high within the next 2 months in 17 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the YMH should exceed 34900(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 36527(Average Objective).

March 10-Year T-Notes(CBOT)
The TYH3(Mkt) ended Higher(Cond) for November(Month). Compared to October's 110~280(Prev Close), the market ended November at 113~160(Month Close), that being 85%(Pct Range) off of 109~220(Month Low) to 114~050(Month High).

In comparing the October/November closes for each of the last 40 years(Total Years), Scenario found that the March 10-Year T-Notes(CBOT) also closed higher in November than October in 22(Cond Years) of those years. Of those 22, TYH went on to exceed the November high within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the TYH should exceed 114~050(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 116~274(Average Objective).

March British Pound(CME)
The BPH3(Mkt) ended Higher(Cond) for November(Month). Compared to October's 115.17(Prev Close), the market ended November at 120.94(Month Close), that being 90%(Pct Range) off of 111.90(Month Low) to 121.89(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the March British Pound(CME) also closed higher in November than October in 18(Cond Years) of those years. Of those 18, BPH went on to exceed the November 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 BPH should exceed 121.89(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 125.76(Average Objective).

March Canadian Dollar(CME)
The CDH3(Mkt) ended Higher(Cond) for November(Month). Compared to October's 73.54(Prev Close), the market ended November at 74.54(Month Close), that being 62%(Pct Range) off of 72.58(Month Low) to 75.74(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the March Canadian Dollar(CME) also closed higher in November than October in 15(Cond Years) of those years. Of those 15, CDH went on to exceed the November high within the next 2 months in 14 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the CDH should exceed 75.74(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 77.11(Average Objective).

March EuroFX(CME)
The EUH3(Mkt) ended Higher(Cond) for November(Month). Compared to October's 99.93(Prev Close), the market ended November at 104.96(Month Close), that being 88%(Pct Range) off of 98.35(Month Low) to 105.82(Month High).

In comparing the October/November closes for each of the last 24 years(Total Years), Scenario found that the March EuroFX(CME) also closed higher in November than October in 10(Cond Years) of those years. Of those 10, EUH went on to exceed the November high within the next 2 months in 9 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the EUH should exceed 105.82(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 110.35(Average Objective).

February Gold(CMX)
The GCG3(Mkt) ended Higher(Cond) for November(Month). Compared to October's 1654.9(Prev Close), the market ended November at 1759.9(Month Close), that being 73%(Pct Range) off of 1632.4(Month Low) to 1806.0(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the February Gold(CMX) also closed higher in November than October in 22(Cond Years) of those years. Of those 22, GCG went on to exceed the November 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 GCG should exceed 1806.0(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 1913.0(Average Objective).

March Palladium(NYMEX)
The PAH3(Mkt) ended Higher(Cond) for November(Month). Compared to October's 1844.30(Prev Close), the market ended November at 1866.00(Month Close), that being 26%(Pct Range) off of 1774.00(Month Low) to 2125.50(Month High).

In comparing the October/November closes for each of the last 44 years(Total Years), Scenario found that the March Palladium(NYMEX) also closed higher in November than October in 24(Cond Years) of those years. Of those 24, PAH went on to exceed the November 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 PAH should exceed 2125.50(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 2433.11(Average Objective).

March Copper(CMX)
The HGH3(Mkt) ended Higher(Cond) for November(Month). Compared to October's 335.75(Prev Close), the market ended November at 373.80(Month Close), that being 64%(Pct Range) off of 336.10(Month Low) to 394.70(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the March Copper(CMX) also closed higher in November than October in 23(Cond Years) of those years. Of those 23, HGH went on to exceed the November 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 HGH should exceed 394.70(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 428.94(Average Objective).

March Crude Oil(NYM)
The CLH3(Mkt) ended Lower(Cond) for November(Month). Compared to October's 82.88(Prev Close), the market ended November at 80.75(Month Close), that being 43%(Pct Range) off of 73.91(Month Low) to 89.89(Month High).

In comparing the October/November closes for each of the last 39 years(Total Years), Scenario found that the March Crude Oil(NYM) also closed lower in November than October in 20(Cond Years) of those years. Of those 20, CLH went on to penetrate the November 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 CLH should penetrate 73.91(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 61.75(Average Objective).

April Crude Oil(NYM)
The CLJ3(Mkt) ended Lower(Cond) for November(Month). Compared to October's 81.78(Prev Close), the market ended November at 80.71(Month Close), that being 46%(Pct Range) off of 74.00(Month Low) to 88.65(Month High).

In comparing the October/November closes for each of the last 39 years(Total Years), Scenario found that the April Crude Oil(NYM) also closed lower in November than October in 20(Cond Years) of those years. Of those 20, CLJ went on to penetrate the November 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 CLJ should penetrate 74.00(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 62.31(Average Objective).

March NY Harbor ULSD(NYM)
The HOH3(Mkt) ended Lower(Cond) for November(Month). Compared to October's 326.37(Prev Close), the market ended November at 321.25(Month Close), that being 46%(Pct Range) off of 298.83(Month Low) to 347.10(Month High).

In comparing the October/November closes for each of the last 43 years(Total Years), Scenario found that the March NY Harbor ULSD(NYM) also closed lower in November than October in 22(Cond Years) of those years. Of those 22, HOH went on to penetrate the November low within the next 2 months in 22 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the HOH should penetrate 298.83(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 260.12(Average Objective).

April NY Harbor ULSD(NYM)
The HOJ3(Mkt) ended Lower(Cond) for November(Month). Compared to October's 314.57(Prev Close), the market ended November at 312.35(Month Close), that being 48%(Pct Range) off of 291.10(Month Low) to 335.17(Month High).

In comparing the October/November closes for each of the last 42 years(Total Years), Scenario found that the April NY Harbor ULSD(NYM) also closed lower in November than October in 22(Cond Years) of those years. Of those 22, HOJ went on to penetrate the November low within the next 2 months in 21 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the HOJ should penetrate 291.10(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 250.30(Average Objective).

April RBOB Gasoline(NYM)
The RBJ3(Mkt) ended Lower(Cond) for November(Month). Compared to October's 261.39(Prev Close), the market ended November at 258.02(Month Close), that being 39%(Pct Range) off of 241.88(Month Low) to 283.01(Month High).

In comparing the October/November closes for each of the last 37 years(Total Years), Scenario found that the April RBOB Gasoline(NYM) also closed lower in November than October in 17(Cond Years) of those years. Of those 17, RBJ went on to penetrate the November 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 RBJ should penetrate 241.88(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 210.26(Average Objective).

March Wheat(CBOT)
The WH3(Mkt) ended Lower(Cond) for November(Month). Compared to October's 899.25(Prev Close), the market ended November at 795.50(Month Close), that being 15%(Pct Range) off of 773.25(Month Low) to 920.75(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the March Wheat(CBOT) also closed lower in November than October in 23(Cond Years) of those years. Of those 23, WH went on to penetrate the November low within the next 2 months in 22 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the WH should penetrate 773.25(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 712.20(Average Objective).

May Wheat(CBOT)
The WK3(Mkt) ended Lower(Cond) for November(Month). Compared to October's 907.50(Prev Close), the market ended November at 806.00(Month Close), that being 15%(Pct Range) off of 785.25(Month Low) to 926.50(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the May Wheat(CBOT) also closed lower in November than October in 25(Cond Years) of those years. Of those 25, WK went on to penetrate the November low within the next 2 months in 24 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the WK should penetrate 785.25(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 729.52(Average Objective).

March Wheat(KCBT)
The KWH3(Mkt) ended Lower(Cond) for November(Month). Compared to October's 974.25(Prev Close), the market ended November at 899.75(Month Close), that being 15%(Pct Range) off of 884.25(Month Low) to 987.50(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the March Wheat(KCBT) also closed lower in November than October in 24(Cond Years) of those years. Of those 24, KWH went on to penetrate the November low within the next 2 months in 21 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the KWH should penetrate 884.25(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 820.24(Average Objective).

May Wheat(KCBT)
The KWK3(Mkt) ended Lower(Cond) for November(Month). Compared to October's 971.25(Prev Close), the market ended November at 893.00(Month Close), that being 14%(Pct Range) off of 878.50(Month Low) to 983.75(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the May Wheat(KCBT) also closed lower in November than October in 26(Cond Years) of those years. Of those 26, KWK went on to penetrate the November 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 KWK should penetrate 878.50(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 815.89(Average Objective).

March Feeder Cattle(CME)
The FCH3(Mkt) ended Higher(Cond) for November(Month). Compared to October's 181.580(Prev Close), the market ended November at 183.450(Month Close), that being 69%(Pct Range) off of 179.180(Month Low) to 185.350(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the March Feeder Cattle(CME) also closed higher in November than October in 25(Cond Years) of those years. Of those 25, FCH went on to exceed the November 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 FCH should exceed 185.350(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 193.881(Average Objective).

April Feeder Cattle(CME)
The FCJ3(Mkt) ended Higher(Cond) for November(Month). Compared to October's 185.530(Prev Close), the market ended November at 186.800(Month Close), that being 75%(Pct Range) off of 182.385(Month Low) to 188.235(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the April Feeder Cattle(CME) also closed higher in November than October in 27(Cond Years) of those years. Of those 27, FCJ went on to exceed the November 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 FCJ should exceed 188.235(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 196.605(Average Objective).

May Coffee "C"(ICE)
The KCK3(Mkt) ended Lower(Cond) for November(Month). Compared to October's 172.95(Prev Close), the market ended November at 170.15(Month Close), that being 70%(Pct Range) off of 154.70(Month Low) to 176.65(Month High).

In comparing the October/November closes for each of the last 45 years(Total Years), Scenario found that the May Coffee "C"(ICE) also closed lower in November than October in 21(Cond Years) of those years. Of those 21, KCK went on to penetrate the November 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 KCK should penetrate 154.70(Scenario Objective) by no later than the end of February. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 140.04(Average Objective).
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