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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 Mar 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 Mar 38996.00 39889.00 38458.00 39807.00 94% 45 30 28 93% Yes 42014.25 39807.00
#UTIL Higher Mar 840.95 883.25 823.80 882.25 98% 45 27 27 100% Yes 923.30 882.25
#OEX Higher Mar 2413.25 2492.15 2388.50 2478.85 87% 45 29 25 86% Yes 2627.54 2478.85
#NQ Higher Mar 1659.75 2080.50 1380.75 1870.50 70% 38 25 21 84% Yes 2228.98 1870.50
#QR Higher Mar 2054.85 2115.95 2009.80 2072.00 59% 45 30 27 90% Yes 2237.55 2072.00
#VLE Higher Mar 10155.00 10578.00 10087.00 10551.00 95% 41 28 25 89% Yes 11192.92 10551.00
#SSNI Higher Mar 39166 41088 38271 40168 67% 45 26 23 88% Yes 43832 40168
YMM4 Higher Mar 39468 40316 38909 40176 90% 25 16 16 100% Yes 42517 40176
ADM4 Higher Mar 65.15 66.87 64.98 65.33 19% 37 19 16 84% Yes 69.47 65.33
BPM4 Higher Mar 126.20 129.00 125.81 126.27 14% 45 21 18 86% Yes 133.20 126.27
SFM4 Lower Mar 114.37 115.77 111.20 111.82 14% 45 25 23 92% Yes 107.13 111.82
CLM4 Higher Mar 76.81 82.46 76.07 82.42 99% 40 25 23 92% Yes 91.00 82.42
CLN4 Higher Mar 76.18 81.71 75.64 81.67 99% 40 25 23 92% Yes 90.31 81.67
CLQ4 Higher Mar 75.53 80.92 75.11 80.89 99% 40 27 24 89% Yes 89.35 80.89
HOM4 Higher Mar 255.67 273.47 251.73 261.97 47% 44 28 27 96% Yes 304.77 261.97
HON4 Higher Mar 254.09 271.52 250.56 261.85 54% 44 28 27 96% Yes 301.27 261.85
HOQ4 Higher Mar 253.15 270.30 250.06 261.79 58% 44 28 27 96% Yes 299.04 261.79
RBM4 Higher Mar 253.86 271.74 247.95 268.85 88% 38 29 26 90% Yes 307.39 268.85
RBN4 Higher Mar 249.54 266.92 244.36 264.59 90% 38 29 25 86% Yes 298.30 264.59
RBQ4 Higher Mar 244.70 261.10 240.13 259.04 90% 38 28 25 89% Yes 289.79 259.04
NGM4 Lower Mar 2.249 2.392 1.928 1.997 15% 33 13 12 92% Yes 1.743 1.997
NGN4 Lower Mar 2.507 2.647 2.273 2.340 18% 33 12 11 92% Yes 2.040 2.340
NGQ4 Lower Mar 2.584 2.716 2.369 2.442 21% 33 12 11 92% Yes 2.144 2.442
CBN4 Higher Mar 80.53 86.20 80.13 86.15 99% 34 20 18 90% Yes 95.94 86.15
CBQ4 Higher Mar 79.88 85.40 79.57 85.35 99% 34 20 18 90% Yes 94.57 85.35
CBU4 Higher Mar 79.26 84.61 78.98 84.57 99% 34 20 18 90% Yes 93.32 84.57
BON4 Higher Mar 45.62 50.29 44.94 48.48 66% 45 20 18 90% Yes 55.35 48.48
CN4 Higher Mar 441.25 460.00 433.75 454.50 79% 45 25 24 96% Yes 492.49 454.50
CU4 Higher Mar 450.25 468.25 442.75 464.50 85% 45 26 24 92% Yes 504.03 464.50
CZ4 Higher Mar 463.25 481.00 456.50 477.75 87% 45 25 22 88% Yes 517.00 477.75
KWN4 Higher Mar 574.25 595.75 543.25 579.75 70% 45 20 17 85% Yes 655.67 579.75
KWU4 Higher Mar 583.50 607.00 552.00 590.75 70% 45 19 17 89% Yes 666.64 590.75
LCM4 Lower Mar 181.230 186.630 176.400 180.250 38% 45 25 22 88% Yes 164.280 180.250
LCQ4 Lower Mar 180.700 185.050 174.750 178.200 33% 45 23 20 87% Yes 164.717 178.200
FCQ4 Lower Mar 266.650 271.500 255.530 258.830 21% 45 26 22 85% Yes 239.488 258.830
HEN4 Higher Mar 101.480 105.600 101.030 104.000 65% 45 23 20 87% Yes 113.837 104.000
SBV4 Higher Mar 21.61 22.09 20.57 22.05 97% 45 19 18 95% Yes 24.12 22.05
RRU4 Higher Mar 14.36 14.65 14.25 14.55 75% 37 23 21 91% Yes 15.87 14.55


DJIA Index
The #DJ(Mkt) ended Higher(Cond) for March(Month). Compared to February's 38996.00(Prev Close), the market ended March at 39807.00(Month Close), that being 94%(Pct Range) off of 38458.00(Month Low) to 39889.00(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the DJIA Index also closed higher in March than February in 30(Cond Years) of those years. Of those 30, the #DJ went on to exceed the March high within the next 2 months in 28 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the the #DJ should exceed 39889.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 28 years) a potential move toward 42014.25(Average Objective).

Dow Jones Utilities
The #UTIL(Mkt) ended Higher(Cond) for March(Month). Compared to February's 840.95(Prev Close), the market ended March at 882.25(Month Close), that being 98%(Pct Range) off of 823.80(Month Low) to 883.25(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in March than February in 27(Cond Years) of those years. Of those 27, the #UTIL went on to exceed the March high within the next 2 months in 27 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #UTIL should exceed 883.25(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 923.30(Average Objective).

S & P 100(OEX)
The #OEX(Mkt) ended Higher(Cond) for March(Month). Compared to February's 2413.25(Prev Close), the market ended March at 2478.85(Month Close), that being 87%(Pct Range) off of 2388.50(Month Low) to 2492.15(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in March than February in 29(Cond Years) of those years. Of those 29, the #OEX went on to exceed the March 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 #OEX should exceed 2492.15(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 2627.54(Average Objective).

NASDAQ 100 Index
The #NQ(Mkt) ended Higher(Cond) for March(Month). Compared to February's 1659.75(Prev Close), the market ended March at 1870.50(Month Close), that being 70%(Pct Range) off of 1380.75(Month Low) to 2080.50(Month High).

In comparing the February/March closes for each of the last 38 years(Total Years), Scenario found that the NASDAQ 100 Index also closed higher in March than February in 25(Cond Years) of those years. Of those 25, the #NQ went on to exceed the March 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 the #NQ should exceed 2080.50(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 2228.98(Average Objective).

Russell 2000 Index
The #QR(Mkt) ended Higher(Cond) for March(Month). Compared to February's 2054.85(Prev Close), the market ended March at 2072.00(Month Close), that being 59%(Pct Range) off of 2009.80(Month Low) to 2115.95(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in March than February in 30(Cond Years) of those years. Of those 30, the #QR went on to exceed the March high within the next 2 months in 27 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the the #QR should exceed 2115.95(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 2237.55(Average Objective).

Value Line Index
The #VLE(Mkt) ended Higher(Cond) for March(Month). Compared to February's 10155.00(Prev Close), the market ended March at 10551.00(Month Close), that being 95%(Pct Range) off of 10087.00(Month Low) to 10578.00(Month High).

In comparing the February/March closes for each of the last 41 years(Total Years), Scenario found that the Value Line Index also closed higher in March than February in 28(Cond Years) of those years. Of those 28, the #VLE went on to exceed the March 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 the #VLE should exceed 10578.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 11192.92(Average Objective).

Nikkei 225 Index
The #SSNI(Mkt) ended Higher(Cond) for March(Month). Compared to February's 39166(Prev Close), the market ended March at 40168(Month Close), that being 67%(Pct Range) off of 38271(Month Low) to 41088(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the Nikkei 225 Index also closed higher in March than February in 26(Cond Years) of those years. Of those 26, the #SSNI went on to exceed the March 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 the #SSNI should exceed 41088(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 43832(Average Objective).

June E-mini DJIA Index(CBOT)
The YMM4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 39468(Prev Close), the market ended March at 40176(Month Close), that being 90%(Pct Range) off of 38909(Month Low) to 40316(Month High).

In comparing the February/March closes for each of the last 25 years(Total Years), Scenario found that the June E-mini DJIA Index(CBOT) also closed higher in March than February in 16(Cond Years) of those years. Of those 16, YMM went on to exceed the March high within the next 2 months in 16 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the YMM should exceed 40316(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 42517(Average Objective).

June Australian Dollar(CME)
The ADM4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 65.15(Prev Close), the market ended March at 65.33(Month Close), that being 19%(Pct Range) off of 64.98(Month Low) to 66.87(Month High).

In comparing the February/March closes for each of the last 37 years(Total Years), Scenario found that the June Australian Dollar(CME) also closed higher in March than February in 19(Cond Years) of those years. Of those 19, ADM went on to exceed the March 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 ADM should exceed 66.87(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 69.47(Average Objective).

June British Pound(CME)
The BPM4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 126.20(Prev Close), the market ended March at 126.27(Month Close), that being 14%(Pct Range) off of 125.81(Month Low) to 129.00(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the June British Pound(CME) also closed higher in March than February in 21(Cond Years) of those years. Of those 21, BPM went on to exceed the March high within the next 2 months in 18 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the BPM should exceed 129.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 133.20(Average Objective).

June Swiss Franc(CME)
The SFM4(Mkt) ended Lower(Cond) for March(Month). Compared to February's 114.37(Prev Close), the market ended March at 111.82(Month Close), that being 14%(Pct Range) off of 111.20(Month Low) to 115.77(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the June Swiss Franc(CME) also closed lower in March than February in 25(Cond Years) of those years. Of those 25, SFM went on to penetrate the March 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 SFM should penetrate 111.20(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 107.13(Average Objective).

June Crude Oil(NYM)
The CLM4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 76.81(Prev Close), the market ended March at 82.42(Month Close), that being 99%(Pct Range) off of 76.07(Month Low) to 82.46(Month High).

In comparing the February/March closes for each of the last 40 years(Total Years), Scenario found that the June Crude Oil(NYM) also closed higher in March than February in 25(Cond Years) of those years. Of those 25, CLM went on to exceed the March 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 CLM should exceed 82.46(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 91.00(Average Objective).

July Crude Oil(NYM)
The CLN4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 76.18(Prev Close), the market ended March at 81.67(Month Close), that being 99%(Pct Range) off of 75.64(Month Low) to 81.71(Month High).

In comparing the February/March closes for each of the last 40 years(Total Years), Scenario found that the July Crude Oil(NYM) also closed higher in March than February in 25(Cond Years) of those years. Of those 25, CLN went on to exceed the March 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 CLN should exceed 81.71(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 23 years) a potential move toward 90.31(Average Objective).

August Crude Oil(NYM)
The CLQ4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 75.53(Prev Close), the market ended March at 80.89(Month Close), that being 99%(Pct Range) off of 75.11(Month Low) to 80.92(Month High).

In comparing the February/March closes for each of the last 40 years(Total Years), Scenario found that the August Crude Oil(NYM) also closed higher in March than February in 27(Cond Years) of those years. Of those 27, CLQ went on to exceed the March 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 CLQ should exceed 80.92(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 89.35(Average Objective).

June NY Harbor ULSD(NYM)
The HOM4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 255.67(Prev Close), the market ended March at 261.97(Month Close), that being 47%(Pct Range) off of 251.73(Month Low) to 273.47(Month High).

In comparing the February/March closes for each of the last 44 years(Total Years), Scenario found that the June NY Harbor ULSD(NYM) also closed higher in March than February in 28(Cond Years) of those years. Of those 28, HOM went on to exceed the March high within the next 2 months in 27 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the HOM should exceed 273.47(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 304.77(Average Objective).

July NY Harbor ULSD(NYM)
The HON4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 254.09(Prev Close), the market ended March at 261.85(Month Close), that being 54%(Pct Range) off of 250.56(Month Low) to 271.52(Month High).

In comparing the February/March closes for each of the last 44 years(Total Years), Scenario found that the July NY Harbor ULSD(NYM) also closed higher in March than February in 28(Cond Years) of those years. Of those 28, HON went on to exceed the March high within the next 2 months in 27 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the HON should exceed 271.52(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 301.27(Average Objective).

August NY Harbor ULSD(NYM)
The HOQ4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 253.15(Prev Close), the market ended March at 261.79(Month Close), that being 58%(Pct Range) off of 250.06(Month Low) to 270.30(Month High).

In comparing the February/March closes for each of the last 44 years(Total Years), Scenario found that the August NY Harbor ULSD(NYM) also closed higher in March than February in 28(Cond Years) of those years. Of those 28, HOQ went on to exceed the March high within the next 2 months in 27 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the HOQ should exceed 270.30(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 27 years) a potential move toward 299.04(Average Objective).

June RBOB Gasoline(NYM)
The RBM4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 253.86(Prev Close), the market ended March at 268.85(Month Close), that being 88%(Pct Range) off of 247.95(Month Low) to 271.74(Month High).

In comparing the February/March closes for each of the last 38 years(Total Years), Scenario found that the June RBOB Gasoline(NYM) also closed higher in March than February in 29(Cond Years) of those years. Of those 29, RBM went on to exceed the March high within the next 2 months in 26 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the RBM should exceed 271.74(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 26 years) a potential move toward 307.39(Average Objective).

July RBOB Gasoline(NYM)
The RBN4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 249.54(Prev Close), the market ended March at 264.59(Month Close), that being 90%(Pct Range) off of 244.36(Month Low) to 266.92(Month High).

In comparing the February/March closes for each of the last 38 years(Total Years), Scenario found that the July RBOB Gasoline(NYM) also closed higher in March than February in 29(Cond Years) of those years. Of those 29, RBN went on to exceed the March 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 RBN should exceed 266.92(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 298.30(Average Objective).

August RBOB Gasoline(NYM)
The RBQ4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 244.70(Prev Close), the market ended March at 259.04(Month Close), that being 90%(Pct Range) off of 240.13(Month Low) to 261.10(Month High).

In comparing the February/March closes for each of the last 38 years(Total Years), Scenario found that the August RBOB Gasoline(NYM) also closed higher in March than February in 28(Cond Years) of those years. Of those 28, RBQ went on to exceed the March 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 RBQ should exceed 261.10(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 25 years) a potential move toward 289.79(Average Objective).

June Natural Gas(NYM)
The NGM4(Mkt) ended Lower(Cond) for March(Month). Compared to February's 2.249(Prev Close), the market ended March at 1.997(Month Close), that being 15%(Pct Range) off of 1.928(Month Low) to 2.392(Month High).

In comparing the February/March closes for each of the last 33 years(Total Years), Scenario found that the June Natural Gas(NYM) also closed lower in March than February in 13(Cond Years) of those years. Of those 13, NGM went on to penetrate the March 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 NGM should penetrate 1.928(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 1.743(Average Objective).

July Natural Gas(NYM)
The NGN4(Mkt) ended Lower(Cond) for March(Month). Compared to February's 2.507(Prev Close), the market ended March at 2.340(Month Close), that being 18%(Pct Range) off of 2.273(Month Low) to 2.647(Month High).

In comparing the February/March closes for each of the last 33 years(Total Years), Scenario found that the July Natural Gas(NYM) also closed lower in March than February in 12(Cond Years) of those years. Of those 12, NGN went on to penetrate the March low within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the NGN should penetrate 2.273(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 2.040(Average Objective).

August Natural Gas(NYM)
The NGQ4(Mkt) ended Lower(Cond) for March(Month). Compared to February's 2.584(Prev Close), the market ended March at 2.442(Month Close), that being 21%(Pct Range) off of 2.369(Month Low) to 2.716(Month High).

In comparing the February/March closes for each of the last 33 years(Total Years), Scenario found that the August Natural Gas(NYM) also closed lower in March than February in 12(Cond Years) of those years. Of those 12, NGQ went on to penetrate the March low within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the NGQ should penetrate 2.369(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 2.144(Average Objective).

July Brent Crude Oil(ICE)
The CBN4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 80.53(Prev Close), the market ended March at 86.15(Month Close), that being 99%(Pct Range) off of 80.13(Month Low) to 86.20(Month High).

In comparing the February/March closes for each of the last 34 years(Total Years), Scenario found that the July Brent Crude Oil(ICE) also closed higher in March than February in 20(Cond Years) of those years. Of those 20, CBN went on to exceed the March 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 CBN should exceed 86.20(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 95.94(Average Objective).

August Brent Crude Oil(ICE)
The CBQ4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 79.88(Prev Close), the market ended March at 85.35(Month Close), that being 99%(Pct Range) off of 79.57(Month Low) to 85.40(Month High).

In comparing the February/March closes for each of the last 34 years(Total Years), Scenario found that the August Brent Crude Oil(ICE) also closed higher in March than February in 20(Cond Years) of those years. Of those 20, CBQ went on to exceed the March 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 CBQ should exceed 85.40(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 94.57(Average Objective).

September Brent Crude Oil(ICE)
The CBU4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 79.26(Prev Close), the market ended March at 84.57(Month Close), that being 99%(Pct Range) off of 78.98(Month Low) to 84.61(Month High).

In comparing the February/March closes for each of the last 34 years(Total Years), Scenario found that the September Brent Crude Oil(ICE) also closed higher in March than February in 20(Cond Years) of those years. Of those 20, CBU went on to exceed the March 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 CBU should exceed 84.61(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 93.32(Average Objective).

July Soybean Oil(CBOT)
The BON4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 45.62(Prev Close), the market ended March at 48.48(Month Close), that being 66%(Pct Range) off of 44.94(Month Low) to 50.29(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the July Soybean Oil(CBOT) also closed higher in March than February in 20(Cond Years) of those years. Of those 20, BON went on to exceed the March 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 BON should exceed 50.29(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 55.35(Average Objective).

July Corn(CBOT)
The CN4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 441.25(Prev Close), the market ended March at 454.50(Month Close), that being 79%(Pct Range) off of 433.75(Month Low) to 460.00(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the July Corn(CBOT) also closed higher in March than February in 25(Cond Years) of those years. Of those 25, CN went on to exceed the March high within the next 2 months in 24 years(Action Years) or 96%(Pct) of the time.

Therefore, the historical odds are high that the CN should exceed 460.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 492.49(Average Objective).

September Corn(CBOT)
The CU4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 450.25(Prev Close), the market ended March at 464.50(Month Close), that being 85%(Pct Range) off of 442.75(Month Low) to 468.25(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the September Corn(CBOT) also closed higher in March than February in 26(Cond Years) of those years. Of those 26, CU went on to exceed the March 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 CU should exceed 468.25(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 24 years) a potential move toward 504.03(Average Objective).

December Corn(CBOT)
The CZ4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 463.25(Prev Close), the market ended March at 477.75(Month Close), that being 87%(Pct Range) off of 456.50(Month Low) to 481.00(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the December Corn(CBOT) also closed higher in March than February in 25(Cond Years) of those years. Of those 25, CZ went on to exceed the March 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 CZ should exceed 481.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 517.00(Average Objective).

July Wheat(KCBT)
The KWN4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 574.25(Prev Close), the market ended March at 579.75(Month Close), that being 70%(Pct Range) off of 543.25(Month Low) to 595.75(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the July Wheat(KCBT) also closed higher in March than February in 20(Cond Years) of those years. Of those 20, KWN went on to exceed the March high within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the KWN should exceed 595.75(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 655.67(Average Objective).

September Wheat(KCBT)
The KWU4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 583.50(Prev Close), the market ended March at 590.75(Month Close), that being 70%(Pct Range) off of 552.00(Month Low) to 607.00(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the September Wheat(KCBT) also closed higher in March than February in 19(Cond Years) of those years. Of those 19, KWU went on to exceed the March 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 KWU should exceed 607.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 666.64(Average Objective).

June Live Cattle(CME)
The LCM4(Mkt) ended Lower(Cond) for March(Month). Compared to February's 181.230(Prev Close), the market ended March at 180.250(Month Close), that being 38%(Pct Range) off of 176.400(Month Low) to 186.630(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the June Live Cattle(CME) also closed lower in March than February in 25(Cond Years) of those years. Of those 25, LCM went on to penetrate the March low within the next 2 months in 22 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the LCM should penetrate 176.400(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 164.280(Average Objective).

August Live Cattle(CME)
The LCQ4(Mkt) ended Lower(Cond) for March(Month). Compared to February's 180.700(Prev Close), the market ended March at 178.200(Month Close), that being 33%(Pct Range) off of 174.750(Month Low) to 185.050(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the August Live Cattle(CME) also closed lower in March than February in 23(Cond Years) of those years. Of those 23, LCQ went on to penetrate the March 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 LCQ should penetrate 174.750(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 164.717(Average Objective).

August Feeder Cattle(CME)
The FCQ4(Mkt) ended Lower(Cond) for March(Month). Compared to February's 266.650(Prev Close), the market ended March at 258.830(Month Close), that being 21%(Pct Range) off of 255.530(Month Low) to 271.500(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the August Feeder Cattle(CME) also closed lower in March than February in 26(Cond Years) of those years. Of those 26, FCQ went on to penetrate the March 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 FCQ should penetrate 255.530(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 22 years) a potential move toward 239.488(Average Objective).

July Lean Hogs(CME)
The HEN4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 101.480(Prev Close), the market ended March at 104.000(Month Close), that being 65%(Pct Range) off of 101.030(Month Low) to 105.600(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the July Lean Hogs(CME) also closed higher in March than February in 23(Cond Years) of those years. Of those 23, HEN went on to exceed the March 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 HEN should exceed 105.600(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 113.837(Average Objective).

October Sugar #11(ICE)
The SBV4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 21.61(Prev Close), the market ended March at 22.05(Month Close), that being 97%(Pct Range) off of 20.57(Month Low) to 22.09(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the October Sugar #11(ICE) also closed higher in March than February in 19(Cond Years) of those years. Of those 19, SBV went on to exceed the March 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 SBV should exceed 22.09(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 24.12(Average Objective).

September Rough Rice(CBOT)
The RRU4(Mkt) ended Higher(Cond) for March(Month). Compared to February's 14.36(Prev Close), the market ended March at 14.55(Month Close), that being 75%(Pct Range) off of 14.25(Month Low) to 14.65(Month High).

In comparing the February/March closes for each of the last 37 years(Total Years), Scenario found that the September Rough Rice(CBOT) also closed higher in March than February in 23(Cond Years) of those years. Of those 23, RRU went on to exceed the March 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 RRU should exceed 14.65(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 15.87(Average Objective).
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