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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, 2023
Historical Data Scenario Data Current Market Data

Mkt

Cond

Month
Prev
Close
Month
High
Month
Low
Month
Close
Pct
Range
Total
Years
Cond
Years
Action
Years

Pct
Scenario
Objective
Average
Objective
Last
Price
#TRAN Higher Feb 14648.00 15888.00 14425.00 14723.00 20% 45 27 23 85% 15888.00 17026.91 14723.00
#MZ Lower Feb 2652.60 2738.90 2576.00 2600.85 15% 3 1 1 100% 2576.00   2600.85
NQM3 Lower Feb 12278.00 13078.00 12058.00 12206.00 15% 26 14 12 86% 12058.00 11074.06 12206.00
USM3 Lower Feb 131~120 134~090 124~090 125~070 9% 45 23 20 87% 124~090 120~033 125~070
TYM3 Lower Feb 115~025 116~190 111~045 111~210 9% 40 20 18 90% 111~045 108~226 111~210
FVM3 Lower Feb 109~234 110~256 106~226 107~016 8% 34 18 16 89% 106~226 105~034 107~016
EDM3 Lower Feb 94.915 94.995 94.440 94.470 5% 40 22 20 91% 94.440 94.091 94.470
EUM3 Lower Feb 109.52 111.14 106.01 106.52 10% 24 14 13 93% 106.01 102.09 106.52
JYM3 Lower Feb 78.32 79.56 74.22 74.66 8% 45 21 18 86% 74.22 70.88 74.66
SFM3 Lower Feb 110.77 111.93 107.36 107.60 5% 45 24 23 96% 107.36 103.45 107.60
DXM3 Higher Feb 101.595 104.940 100.345 104.475 90% 37 19 18 95% 104.940 108.312 104.475
GCJ3 Lower Feb 1945.3 1975.2 1810.8 1836.7 16% 45 25 23 92% 1810.8 1711.4 1836.7
KWK3 Lower Feb 871.75 909.75 807.75 812.75 5% 45 28 26 93% 807.75 753.75 812.75
KWN3 Lower Feb 863.50 894.25 802.75 806.50 4% 45 28 25 89% 802.75 751.14 806.50
HEK3 Lower Feb 95.430 97.680 90.650 94.400 53% 21 11 10 91% 90.650 78.459 94.400
JON3 Higher Feb 209.20 242.00 210.70 241.00 97% 45 17 15 88% 242.00 264.44 241.00
CTK3 Lower Feb 86.95 87.90 80.88 84.03 45% 45 19 17 89% 80.88 74.94 84.03
CTN3 Lower Feb 87.46 88.37 81.70 84.46 41% 45 20 17 85% 81.70 76.23 84.46


Dow Jones Transportation
The #TRAN(Mkt) ended Higher(Cond) for February(Month). Compared to January's 14648.00(Prev Close), the market ended February at 14723.00(Month Close), that being 20%(Pct Range) off of 14425.00(Month Low) to 15888.00(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Transportation also closed higher in February than January in 27(Cond Years) of those years. Of those 27, the #TRAN went on to exceed the February high within the next 2 months in 23 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the the #TRAN should exceed 15888.00(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 17026.91(Average Objective).

S&P MidCap 400 Index
The #MZ(Mkt) ended Lower(Cond) for February(Month). Compared to January's 2652.60(Prev Close), the market ended February at 2600.85(Month Close), that being 15%(Pct Range) off of 2576.00(Month Low) to 2738.90(Month High).

In comparing the January/February closes for each of the last 3 years(Total Years), Scenario found that the S&P MidCap 400 Index also closed lower in February than January in 1(Cond Years) of those years. Of those 1, the #MZ went on to penetrate the February low 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 penetrate 2576.00(Scenario Objective) by no later than the end of April.

June NASDAQ 100 E-Mini(CME)
The NQM3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 12278.00(Prev Close), the market ended February at 12206.00(Month Close), that being 15%(Pct Range) off of 12058.00(Month Low) to 13078.00(Month High).

In comparing the January/February closes for each of the last 26 years(Total Years), Scenario found that the June NASDAQ 100 E-Mini(CME) also closed lower in February than January in 14(Cond Years) of those years. Of those 14, NQM went on to penetrate the February 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 NQM should penetrate 12058.00(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 11074.06(Average Objective).

June 30-Year T-Bonds(CBOT)
The USM3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 131~120(Prev Close), the market ended February at 125~070(Month Close), that being 9%(Pct Range) off of 124~090(Month Low) to 134~090(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the June 30-Year T-Bonds(CBOT) also closed lower in February than January in 23(Cond Years) of those years. Of those 23, USM went on to penetrate the February low within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the USM should penetrate 124~090(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 120~033(Average Objective).

June 10-Year T-Notes(CBOT)
The TYM3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 115~025(Prev Close), the market ended February at 111~210(Month Close), that being 9%(Pct Range) off of 111~045(Month Low) to 116~190(Month High).

In comparing the January/February closes for each of the last 40 years(Total Years), Scenario found that the June 10-Year T-Notes(CBOT) also closed lower in February than January in 20(Cond Years) of those years. Of those 20, TYM went on to penetrate the February 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 TYM should penetrate 111~045(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 108~226(Average Objective).

June 5-Year T-Notes(CBOT)
The FVM3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 109~234(Prev Close), the market ended February at 107~016(Month Close), that being 8%(Pct Range) off of 106~226(Month Low) to 110~256(Month High).

In comparing the January/February closes for each of the last 34 years(Total Years), Scenario found that the June 5-Year T-Notes(CBOT) also closed lower in February than January in 18(Cond Years) of those years. Of those 18, FVM 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 FVM should penetrate 106~226(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 105~034(Average Objective).

June Eurodollars(CME)
The EDM3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 94.915(Prev Close), the market ended February at 94.470(Month Close), that being 5%(Pct Range) off of 94.440(Month Low) to 94.995(Month High).

In comparing the January/February closes for each of the last 40 years(Total Years), Scenario found that the June Eurodollars(CME) also closed lower in February than January in 22(Cond Years) of those years. Of those 22, EDM went on to penetrate the February low within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the EDM should penetrate 94.440(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 94.091(Average Objective).

June EuroFX(CME)
The EUM3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 109.52(Prev Close), the market ended February at 106.52(Month Close), that being 10%(Pct Range) off of 106.01(Month Low) to 111.14(Month High).

In comparing the January/February closes for each of the last 24 years(Total Years), Scenario found that the June EuroFX(CME) also closed lower in February than January in 14(Cond Years) of those years. Of those 14, EUM went on to penetrate the February low within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the EUM should penetrate 106.01(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 102.09(Average Objective).

June Japanese Yen(CME)
The JYM3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 78.32(Prev Close), the market ended February at 74.66(Month Close), that being 8%(Pct Range) off of 74.22(Month Low) to 79.56(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the June Japanese Yen(CME) also closed lower in February than January in 21(Cond Years) of those years. Of those 21, JYM went on to penetrate the February 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 JYM should penetrate 74.22(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 70.88(Average Objective).

June Swiss Franc(CME)
The SFM3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 110.77(Prev Close), the market ended February at 107.60(Month Close), that being 5%(Pct Range) off of 107.36(Month Low) to 111.93(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the June Swiss Franc(CME) also closed lower in February than January in 24(Cond Years) of those years. Of those 24, SFM went on to penetrate the February low within the next 2 months in 23 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the SFM should penetrate 107.36(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 103.45(Average Objective).

June US Dollar Index(ICE)
The DXM3(Mkt) ended Higher(Cond) for February(Month). Compared to January's 101.595(Prev Close), the market ended February at 104.475(Month Close), that being 90%(Pct Range) off of 100.345(Month Low) to 104.940(Month High).

In comparing the January/February closes for each of the last 37 years(Total Years), Scenario found that the June US Dollar Index(ICE) also closed higher in February than January in 19(Cond Years) of those years. Of those 19, DXM 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 DXM should exceed 104.940(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 108.312(Average Objective).

April Gold(CMX)
The GCJ3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 1945.3(Prev Close), the market ended February at 1836.7(Month Close), that being 16%(Pct Range) off of 1810.8(Month Low) to 1975.2(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the April Gold(CMX) also closed lower in February than January in 25(Cond Years) of those years. Of those 25, GCJ went on to penetrate the February low within the next 2 months in 23 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the GCJ should penetrate 1810.8(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 1711.4(Average Objective).

May Wheat(KCBT)
The KWK3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 871.75(Prev Close), the market ended February at 812.75(Month Close), that being 5%(Pct Range) off of 807.75(Month Low) to 909.75(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the May Wheat(KCBT) also closed lower in February than January in 28(Cond Years) of those years. Of those 28, KWK went on to penetrate the February low within the next 2 months in 26 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the KWK should penetrate 807.75(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 753.75(Average Objective).

July Wheat(KCBT)
The KWN3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 863.50(Prev Close), the market ended February at 806.50(Month Close), that being 4%(Pct Range) off of 802.75(Month Low) to 894.25(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Wheat(KCBT) also closed lower in February than January in 28(Cond Years) of those years. Of those 28, KWN went on to penetrate the February low within the next 2 months in 25 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the KWN should penetrate 802.75(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 751.14(Average Objective).

May Lean Hogs(CME)
The HEK3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 95.430(Prev Close), the market ended February at 94.400(Month Close), that being 53%(Pct Range) off of 90.650(Month Low) to 97.680(Month High).

In comparing the January/February closes for each of the last 21 years(Total Years), Scenario found that the May Lean Hogs(CME) also closed lower in February than January in 11(Cond Years) of those years. Of those 11, HEK went on to penetrate the February low within the next 2 months in 10 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the HEK should penetrate 90.650(Scenario Objective) by no later than the end of April. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 78.459(Average Objective).

July Orange Juice(ICE)
The JON3(Mkt) ended Higher(Cond) for February(Month). Compared to January's 209.20(Prev Close), the market ended February at 241.00(Month Close), that being 97%(Pct Range) off of 210.70(Month Low) to 242.00(Month High).

In comparing the January/February closes for each of the last 45 years(Total Years), Scenario found that the July Orange Juice(ICE) also closed higher in February than January in 17(Cond Years) of those years. Of those 17, JON went on to exceed the February high within the next 2 months in 15 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the JON should exceed 242.00(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 264.44(Average Objective).

May Cotton(ICE)
The CTK3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 86.95(Prev Close), the market ended February at 84.03(Month Close), that being 45%(Pct Range) off of 80.88(Month Low) to 87.90(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 19(Cond Years) of those years. Of those 19, CTK 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 CTK should penetrate 80.88(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 74.94(Average Objective).

July Cotton(ICE)
The CTN3(Mkt) ended Lower(Cond) for February(Month). Compared to January's 87.46(Prev Close), the market ended February at 84.46(Month Close), that being 41%(Pct Range) off of 81.70(Month Low) to 88.37(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 20(Cond Years) of those years. Of those 20, CTN went on to penetrate the February 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 CTN should penetrate 81.70(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 76.23(Average Objective).
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