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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 Jan 31, 2024
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 Jan 37690.00 38589.00 37125.00 38150.00 70% 45 27 24 89% 38589.00 40526.45 38150.00
#MZ Lower Jan 2781.55 2790.55 2677.85 2732.20 48% 3 1 1 100% 2677.85   2732.20
#SP Higher Jan 4769.75 4931.00 4682.00 4845.75 66% 45 27 24 89% 4931.00 5186.71 4845.75
TUM4 Lower Jan 103~151 103~241 103~014 103~127 50% 21 6 6 100% 103~014 102~193 103~127
JYM4 Lower Jan 72.73 72.66 68.74 69.77 26% 45 24 21 88% 68.74 66.04 69.77
GCM4 Lower Jan 2111.3 2127.5 2044.0 2087.0 51% 45 22 19 86% 2044.0 1946.9 2087.0
HGK4 Higher Jan 390.85 396.75 374.15 393.10 84% 45 24 22 92% 396.75 434.08 393.10
CLK4 Higher Jan 72.13 78.80 70.02 75.56 63% 40 21 20 95% 78.80 88.60 75.56
CLM4 Higher Jan 72.12 78.43 70.11 75.35 63% 40 22 21 95% 78.43 87.55 75.35
HOK4 Higher Jan 242.13 270.37 239.83 264.78 82% 44 19 16 84% 270.37 304.72 264.78
RBK4 Higher Jan 231.59 256.05 225.12 246.49 69% 38 24 21 88% 256.05 290.30 246.49
RBM4 Higher Jan 229.94 252.92 223.80 244.19 70% 38 25 21 84% 252.92 287.74 244.19
NGJ4 Lower Jan 2.304 2.717 2.063 2.121 9% 33 18 16 89% 2.063 1.777 2.121
NGM4 Lower Jan 2.519 2.891 2.329 2.369 7% 33 17 15 88% 2.329 2.028 2.369
CBK4 Higher Jan 76.79 83.65 74.84 80.27 62% 34 19 17 89% 83.65 95.29 80.27
CBM4 Higher Jan 76.64 83.19 74.80 79.95 61% 33 17 16 94% 83.19 93.67 79.95
CBN4 Higher Jan 76.43 82.70 74.61 79.58 61% 32 16 15 94% 82.70 92.94 79.58
SMK4 Lower Jan 384.80 384.50 347.40 364.10 45% 45 19 18 95% 347.40 328.60 364.10
SMN4 Lower Jan 386.00 385.50 351.30 366.60 45% 45 21 19 90% 351.30 331.50 366.60
CK4 Lower Jan 484.00 483.75 447.50 458.50 30% 45 20 18 90% 447.50 419.93 458.50
CN4 Lower Jan 494.00 493.75 456.50 466.50 27% 45 20 19 95% 456.50 429.25 466.50
WN4 Lower Jan 645.75 646.25 593.00 610.25 32% 45 22 19 86% 593.00 548.59 610.25
KWK4 Lower Jan 644.00 643.50 591.50 620.25 55% 45 21 18 86% 591.50 551.92 620.25
KWN4 Lower Jan 646.00 645.75 595.25 615.50 40% 45 21 18 86% 595.25 554.59 615.50
OK4 Lower Jan 381.75 386.00 352.25 375.50 69% 45 24 21 88% 352.25 318.38 375.50
ON4 Lower Jan 383.00 383.25 349.25 373.50 71% 45 26 22 85% 349.25 319.00 373.50
LCJ4 Higher Jan 172.250 183.450 172.280 180.700 75% 45 28 24 86% 183.450 193.946 180.700
LCM4 Higher Jan 170.050 180.500 169.580 178.880 85% 45 27 23 85% 180.500 189.413 178.880
LCQ4 Higher Jan 171.030 179.980 169.980 178.930 89% 45 23 20 87% 179.980 185.930 178.930
FCJ4 Higher Jan 228.900 247.650 228.930 246.150 92% 45 25 22 88% 247.650 258.975 246.150
FCK4 Higher Jan 234.580 253.000 233.500 251.800 94% 45 24 22 92% 253.000 264.573 251.800
FCQ4 Higher Jan 249.850 267.700 248.300 266.750 95% 45 28 25 89% 267.700 278.702 266.750
HEJ4 Higher Jan 74.850 85.930 71.700 84.830 92% 45 25 21 84% 85.930 93.666 84.830
HEK4 Higher Jan 81.500 89.580 79.250 89.180 96% 22 13 12 92% 89.580 96.389 89.180
HEM4 Higher Jan 89.930 98.350 87.550 97.900 96% 45 29 25 86% 98.350 106.177 97.900
CCK4 Higher Jan 4162 4803 4003 4754 94% 45 17 16 94% 4803 5322 4754
CCN4 Higher Jan 4110 4733 3961 4691 95% 45 17 16 94% 4733 5205 4691
SBN4 Higher Jan 20.41 22.96 20.11 22.77 93% 45 23 20 87% 22.96 25.68 22.77


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for January(Month). Compared to December's 37690.00(Prev Close), the market ended January at 38150.00(Month Close), that being 70%(Pct Range) off of 37125.00(Month Low) to 38589.00(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in January than December in 27(Cond Years) of those years. Of those 27, the #DJ went on to exceed the January 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 the #DJ should exceed 38589.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 40526.45(Average Objective).

S&P MidCap 400 Index
The #MZ(Mkt) ended Lower(Cond) for January(Month). Compared to December's 2781.55(Prev Close), the market ended January at 2732.20(Month Close), that being 48%(Pct Range) off of 2677.85(Month Low) to 2790.55(Month High).

In comparing the December/January closes for each of the last 3 years(Total Years), Scenario found that the S&P MidCap 400 Index also closed lower in January than December in 1(Cond Years) of those years. Of those 1, the #MZ went on to penetrate the January 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 2677.85(Scenario Objective) by no later than the end of March.

S & P 500 Stock Index
The #SP(Mkt) ended Higher(Cond) for January(Month). Compared to December's 4769.75(Prev Close), the market ended January at 4845.75(Month Close), that being 66%(Pct Range) off of 4682.00(Month Low) to 4931.00(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the S & P 500 Stock Index also closed higher in January than December in 27(Cond Years) of those years. Of those 27, the #SP went on to exceed the January 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 the #SP should exceed 4931.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 5186.71(Average Objective).

June 2 Year T-Notes(CBOT)
The TUM4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 103~151(Prev Close), the market ended January at 103~127(Month Close), that being 50%(Pct Range) off of 103~014(Month Low) to 103~241(Month High).

In comparing the December/January closes for each of the last 21 years(Total Years), Scenario found that the June 2 Year T-Notes(CBOT) also closed lower in January than December in 6(Cond Years) of those years. Of those 6, TUM went on to penetrate the January low within the next 2 months in 6 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the TUM should penetrate 103~014(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 102~193(Average Objective).

June Japanese Yen(CME)
The JYM4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 72.73(Prev Close), the market ended January at 69.77(Month Close), that being 26%(Pct Range) off of 68.74(Month Low) to 72.66(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the June Japanese Yen(CME) also closed lower in January than December in 24(Cond Years) of those years. Of those 24, JYM went on to penetrate the January 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 JYM should penetrate 68.74(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 66.04(Average Objective).

June Gold(CMX)
The GCM4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 2111.3(Prev Close), the market ended January at 2087.0(Month Close), that being 51%(Pct Range) off of 2044.0(Month Low) to 2127.5(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the June Gold(CMX) also closed lower in January than December in 22(Cond Years) of those years. Of those 22, GCM went on to penetrate the January 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 GCM should penetrate 2044.0(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 1946.9(Average Objective).

May Copper(CMX)
The HGK4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 390.85(Prev Close), the market ended January at 393.10(Month Close), that being 84%(Pct Range) off of 374.15(Month Low) to 396.75(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the May Copper(CMX) also closed higher in January than December in 24(Cond Years) of those years. Of those 24, HGK went on to exceed the January 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 HGK should exceed 396.75(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 434.08(Average Objective).

May Crude Oil(NYM)
The CLK4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 72.13(Prev Close), the market ended January at 75.56(Month Close), that being 63%(Pct Range) off of 70.02(Month Low) to 78.80(Month High).

In comparing the December/January closes for each of the last 40 years(Total Years), Scenario found that the May Crude Oil(NYM) also closed higher in January than December in 21(Cond Years) of those years. Of those 21, CLK went on to exceed the January high within the next 2 months in 20 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the CLK should exceed 78.80(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 88.60(Average Objective).

June Crude Oil(NYM)
The CLM4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 72.12(Prev Close), the market ended January at 75.35(Month Close), that being 63%(Pct Range) off of 70.11(Month Low) to 78.43(Month High).

In comparing the December/January closes for each of the last 40 years(Total Years), Scenario found that the June Crude Oil(NYM) also closed higher in January than December in 22(Cond Years) of those years. Of those 22, CLM went on to exceed the January 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 CLM should exceed 78.43(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 87.55(Average Objective).

May NY Harbor ULSD(NYM)
The HOK4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 242.13(Prev Close), the market ended January at 264.78(Month Close), that being 82%(Pct Range) off of 239.83(Month Low) to 270.37(Month High).

In comparing the December/January closes for each of the last 44 years(Total Years), Scenario found that the May NY Harbor ULSD(NYM) also closed higher in January than December in 19(Cond Years) of those years. Of those 19, HOK went on to exceed the January 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 HOK should exceed 270.37(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 304.72(Average Objective).

May RBOB Gasoline(NYM)
The RBK4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 231.59(Prev Close), the market ended January at 246.49(Month Close), that being 69%(Pct Range) off of 225.12(Month Low) to 256.05(Month High).

In comparing the December/January closes for each of the last 38 years(Total Years), Scenario found that the May RBOB Gasoline(NYM) also closed higher in January than December in 24(Cond Years) of those years. Of those 24, RBK went on to exceed the January high within the next 2 months in 21 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the RBK should exceed 256.05(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 290.30(Average Objective).

June RBOB Gasoline(NYM)
The RBM4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 229.94(Prev Close), the market ended January at 244.19(Month Close), that being 70%(Pct Range) off of 223.80(Month Low) to 252.92(Month High).

In comparing the December/January closes for each of the last 38 years(Total Years), Scenario found that the June RBOB Gasoline(NYM) also closed higher in January than December in 25(Cond Years) of those years. Of those 25, RBM went on to exceed the January high within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the RBM should exceed 252.92(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 287.74(Average Objective).

April Natural Gas(NYM)
The NGJ4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 2.304(Prev Close), the market ended January at 2.121(Month Close), that being 9%(Pct Range) off of 2.063(Month Low) to 2.717(Month High).

In comparing the December/January closes for each of the last 33 years(Total Years), Scenario found that the April Natural Gas(NYM) also closed lower in January than December in 18(Cond Years) of those years. Of those 18, NGJ went on to penetrate the January 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 NGJ should penetrate 2.063(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 1.777(Average Objective).

June Natural Gas(NYM)
The NGM4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 2.519(Prev Close), the market ended January at 2.369(Month Close), that being 7%(Pct Range) off of 2.329(Month Low) to 2.891(Month High).

In comparing the December/January closes for each of the last 33 years(Total Years), Scenario found that the June Natural Gas(NYM) also closed lower in January than December in 17(Cond Years) of those years. Of those 17, NGM went on to penetrate the January 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 NGM should penetrate 2.329(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 2.028(Average Objective).

May Brent Crude Oil(ICE)
The CBK4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 76.79(Prev Close), the market ended January at 80.27(Month Close), that being 62%(Pct Range) off of 74.84(Month Low) to 83.65(Month High).

In comparing the December/January closes for each of the last 34 years(Total Years), Scenario found that the May Brent Crude Oil(ICE) also closed higher in January than December in 19(Cond Years) of those years. Of those 19, CBK went on to exceed the January 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 CBK should exceed 83.65(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 95.29(Average Objective).

June Brent Crude Oil(ICE)
The CBM4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 76.64(Prev Close), the market ended January at 79.95(Month Close), that being 61%(Pct Range) off of 74.80(Month Low) to 83.19(Month High).

In comparing the December/January closes for each of the last 33 years(Total Years), Scenario found that the June Brent Crude Oil(ICE) also closed higher in January than December in 17(Cond Years) of those years. Of those 17, CBM went on to exceed the January 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 CBM should exceed 83.19(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 93.67(Average Objective).

July Brent Crude Oil(ICE)
The CBN4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 76.43(Prev Close), the market ended January at 79.58(Month Close), that being 61%(Pct Range) off of 74.61(Month Low) to 82.70(Month High).

In comparing the December/January closes for each of the last 32 years(Total Years), Scenario found that the July Brent Crude Oil(ICE) also closed higher in January than December in 16(Cond Years) of those years. Of those 16, CBN went on to exceed the January 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 CBN should exceed 82.70(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 15 years) a potential move toward 92.94(Average Objective).

May Soybean Meal(CBOT)
The SMK4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 384.80(Prev Close), the market ended January at 364.10(Month Close), that being 45%(Pct Range) off of 347.40(Month Low) to 384.50(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the May Soybean Meal(CBOT) also closed lower in January than December in 19(Cond Years) of those years. Of those 19, SMK went on to penetrate the January low within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the SMK should penetrate 347.40(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 328.60(Average Objective).

July Soybean Meal(CBOT)
The SMN4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 386.00(Prev Close), the market ended January at 366.60(Month Close), that being 45%(Pct Range) off of 351.30(Month Low) to 385.50(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the July Soybean Meal(CBOT) also closed lower in January than December in 21(Cond Years) of those years. Of those 21, SMN went on to penetrate the January 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 SMN should penetrate 351.30(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 331.50(Average Objective).

May Corn(CBOT)
The CK4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 484.00(Prev Close), the market ended January at 458.50(Month Close), that being 30%(Pct Range) off of 447.50(Month Low) to 483.75(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the May Corn(CBOT) also closed lower in January than December in 20(Cond Years) of those years. Of those 20, CK went on to penetrate the January 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 CK should penetrate 447.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 419.93(Average Objective).

July Corn(CBOT)
The CN4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 494.00(Prev Close), the market ended January at 466.50(Month Close), that being 27%(Pct Range) off of 456.50(Month Low) to 493.75(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the July Corn(CBOT) also closed lower in January than December in 20(Cond Years) of those years. Of those 20, CN went on to penetrate the January 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 CN should penetrate 456.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 429.25(Average Objective).

July Wheat(CBOT)
The WN4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 645.75(Prev Close), the market ended January at 610.25(Month Close), that being 32%(Pct Range) off of 593.00(Month Low) to 646.25(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the July Wheat(CBOT) also closed lower in January than December in 22(Cond Years) of those years. Of those 22, WN went on to penetrate the January 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 WN should penetrate 593.00(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 548.59(Average Objective).

May Wheat(KCBT)
The KWK4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 644.00(Prev Close), the market ended January at 620.25(Month Close), that being 55%(Pct Range) off of 591.50(Month Low) to 643.50(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the May Wheat(KCBT) also closed lower in January than December in 21(Cond Years) of those years. Of those 21, KWK went on to penetrate the January 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 KWK should penetrate 591.50(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 551.92(Average Objective).

July Wheat(KCBT)
The KWN4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 646.00(Prev Close), the market ended January at 615.50(Month Close), that being 40%(Pct Range) off of 595.25(Month Low) to 645.75(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the July Wheat(KCBT) also closed lower in January than December in 21(Cond Years) of those years. Of those 21, KWN went on to penetrate the January 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 KWN should penetrate 595.25(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 554.59(Average Objective).

May Oats(CBOT)
The OK4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 381.75(Prev Close), the market ended January at 375.50(Month Close), that being 69%(Pct Range) off of 352.25(Month Low) to 386.00(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the May Oats(CBOT) also closed lower in January than December in 24(Cond Years) of those years. Of those 24, OK went on to penetrate the January 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 OK should penetrate 352.25(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 318.38(Average Objective).

July Oats(CBOT)
The ON4(Mkt) ended Lower(Cond) for January(Month). Compared to December's 383.00(Prev Close), the market ended January at 373.50(Month Close), that being 71%(Pct Range) off of 349.25(Month Low) to 383.25(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the July Oats(CBOT) also closed lower in January than December in 26(Cond Years) of those years. Of those 26, ON went on to penetrate the January 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 ON should penetrate 349.25(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 319.00(Average Objective).

April Live Cattle(CME)
The LCJ4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 172.250(Prev Close), the market ended January at 180.700(Month Close), that being 75%(Pct Range) off of 172.280(Month Low) to 183.450(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the April Live Cattle(CME) also closed higher in January than December in 28(Cond Years) of those years. Of those 28, LCJ went on to exceed the January 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 LCJ should exceed 183.450(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 193.946(Average Objective).

June Live Cattle(CME)
The LCM4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 170.050(Prev Close), the market ended January at 178.880(Month Close), that being 85%(Pct Range) off of 169.580(Month Low) to 180.500(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the June Live Cattle(CME) also closed higher in January than December in 27(Cond Years) of those years. Of those 27, LCM went on to exceed the January 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 LCM should exceed 180.500(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 189.413(Average Objective).

August Live Cattle(CME)
The LCQ4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 171.030(Prev Close), the market ended January at 178.930(Month Close), that being 89%(Pct Range) off of 169.980(Month Low) to 179.980(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the August Live Cattle(CME) also closed higher in January than December in 23(Cond Years) of those years. Of those 23, LCQ went on to exceed the January 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 LCQ should exceed 179.980(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 185.930(Average Objective).

April Feeder Cattle(CME)
The FCJ4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 228.900(Prev Close), the market ended January at 246.150(Month Close), that being 92%(Pct Range) off of 228.930(Month Low) to 247.650(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the April Feeder Cattle(CME) also closed higher in January than December in 25(Cond Years) of those years. Of those 25, FCJ went on to exceed the January 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 FCJ should exceed 247.650(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 258.975(Average Objective).

May Feeder Cattle(CME)
The FCK4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 234.580(Prev Close), the market ended January at 251.800(Month Close), that being 94%(Pct Range) off of 233.500(Month Low) to 253.000(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the May Feeder Cattle(CME) also closed higher in January than December in 24(Cond Years) of those years. Of those 24, FCK went on to exceed the January 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 FCK should exceed 253.000(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 264.573(Average Objective).

August Feeder Cattle(CME)
The FCQ4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 249.850(Prev Close), the market ended January at 266.750(Month Close), that being 95%(Pct Range) off of 248.300(Month Low) to 267.700(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the August Feeder Cattle(CME) also closed higher in January than December in 28(Cond Years) of those years. Of those 28, FCQ went on to exceed the January 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 FCQ should exceed 267.700(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 278.702(Average Objective).

April Lean Hogs(CME)
The HEJ4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 74.850(Prev Close), the market ended January at 84.830(Month Close), that being 92%(Pct Range) off of 71.700(Month Low) to 85.930(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the April Lean Hogs(CME) also closed higher in January than December in 25(Cond Years) of those years. Of those 25, HEJ went on to exceed the January high within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the HEJ should exceed 85.930(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 93.666(Average Objective).

May Lean Hogs(CME)
The HEK4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 81.500(Prev Close), the market ended January at 89.180(Month Close), that being 96%(Pct Range) off of 79.250(Month Low) to 89.580(Month High).

In comparing the December/January closes for each of the last 22 years(Total Years), Scenario found that the May Lean Hogs(CME) also closed higher in January than December in 13(Cond Years) of those years. Of those 13, HEK went on to exceed the January high within the next 2 months in 12 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the HEK should exceed 89.580(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 96.389(Average Objective).

June Lean Hogs(CME)
The HEM4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 89.930(Prev Close), the market ended January at 97.900(Month Close), that being 96%(Pct Range) off of 87.550(Month Low) to 98.350(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the June Lean Hogs(CME) also closed higher in January than December in 29(Cond Years) of those years. Of those 29, HEM went on to exceed the January 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 HEM should exceed 98.350(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 106.177(Average Objective).

May Cocoa(ICE)
The CCK4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 4162(Prev Close), the market ended January at 4754(Month Close), that being 94%(Pct Range) off of 4003(Month Low) to 4803(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the May Cocoa(ICE) also closed higher in January than December in 17(Cond Years) of those years. Of those 17, CCK went on to exceed the January 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 CCK should exceed 4803(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 5322(Average Objective).

July Cocoa(ICE)
The CCN4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 4110(Prev Close), the market ended January at 4691(Month Close), that being 95%(Pct Range) off of 3961(Month Low) to 4733(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the July Cocoa(ICE) also closed higher in January than December in 17(Cond Years) of those years. Of those 17, CCN went on to exceed the January 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 CCN should exceed 4733(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 5205(Average Objective).

July Sugar #11(ICE)
The SBN4(Mkt) ended Higher(Cond) for January(Month). Compared to December's 20.41(Prev Close), the market ended January at 22.77(Month Close), that being 93%(Pct Range) off of 20.11(Month Low) to 22.96(Month High).

In comparing the December/January closes for each of the last 45 years(Total Years), Scenario found that the July Sugar #11(ICE) also closed higher in January than December in 23(Cond Years) of those years. Of those 23, SBN went on to exceed the January 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 SBN should exceed 22.96(Scenario Objective) by no later than the end of March. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 25.68(Average Objective).
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