[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-326514-105":59,"doc-detail-326514-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","mrci-market-seasonal-patterns-january-2023","MRCI Market Seasonal Patterns - January 2023","","MRCI Market Seasonal Patterns (January 2023) presents seasonal charts for multiple futures markets, explaining how the nearest contract is tracked up to First Notice Day (FND), delivery/expiration rules, and how rollover affects observed declines or inclines. The publication compares the most recent 15 years versus up to 40 years of historical patterns where available, using a 0–100 index to map seasonal highs and lows across the calendar year. It emphasizes daily calendar-based data for more precise entry and exit timing and highlights how traders can interpret shifts over time, seasonal trends, and annual events.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/mrci-market-seasonal-patterns-january-2023/326514/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/mrci-market-seasonal-patterns-january-2023/326514.png","ImageObject",300,407,{"name":92,"@type":93},"Asher","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-09","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",27,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"How does MRCI determine which contract month is plotted in each seasonal pattern chart?","Question",{"text":113,"@type":114},"The charts track the nearest contract until First Notice Day (FND) when settled by delivery prior to expiry, or until five days before expiration when settled to cash or by delivery only after expiry.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What historical time frames are used for the seasonal patterns?",{"text":118,"@type":114},"Each chart shows two patterns when possible: the most recent 15 years (dotted line) and up to the last 40 years (solid line), depending on how long the contract has been trading.",{"name":120,"@type":111,"acceptedAnswer":121},"How should traders interpret the 0–100 seasonal index on the charts?",{"text":122,"@type":114},"The index uses a right-hand vertical scale where 0 represents the seasonal low period and 100 represents the seasonal high period, while values like 20 indicate times when prices tend to be in the lower 20% of the year’s eventual price range.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},326514,1790313905,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":145,"read_time":146,"preview_page_count":81,"preview_urls":147},687197207639,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","Meet Your MRCI Team  \nSteve Moore President[swm@mrci.com](swm@mrci.com)  \nNick Colley Research Director [nac@mrci.com](nac@mrci.com)  \nJerry Toepke Editor [jerry@mrci.com](jerry@mrci.com)  \nSteve Moore began trading in the seventies. In the mid-eighties he set up a computer research facility and in 1990 he took his ability to transpose and understand historical analysis through computer technology and made Moore Research Center, Inc. into a viable research tool for all traders. Steve is currently a full time futures & options trader.  \nNick Colley brings new ideas and concepts in computer analysis to the MRCI operations. A computer programmer who’s pioneered an extensive line of software which captures market patterns, he’s also been instrumental in introducing state-of-the-art technology.  \nJerry Toepke brings grass-roots common sense, coupled with forty years as a broker and trader. He’s not only farmed, thus giving him the ability to speak the agricultural language of the producer, but Jerry’s knowledge of seasonal trading, makes him a multi-faceted answer man, especially with MRCI’s line of seasonal publications.  \nMelissa Moore Operations Manager [melissa@mrci.com](melissa@mrci.com)  \nMelissa Moore serves as Marketing Director, with responsibility for public relations, social media, fostering and managing B2B relationships with affliiates---all while coordinating all special MRCI research projects and assisting individual customers. Melissa specializes in MRCI’s research, products and seasonal analysis concepts.  \nMary Hatfield Executive Assistant [mary@mrci.com](mary@mrci.com)  \nMary Hatfield oversees the smooth running of both the front and back offices. Mary is often the first contact for customers, answering questions about MRCI products and services, directing traffic flow, and taking orders and payments. She also assumes many in-house accounting tasks and back-office operations  \nEnjoy a FREE 14-Day Trial of MRCI ONLINE  \nTake advantage of our MRCI research updated daily with MRCI ONLINE. Scan the QR code to the right to get started, [visit us at www.mrci.com](visit us at www.mrci.com), or call 541-525-0521 today!  \nTable of Contents  \nMRCI Market Seasonal Patterns January 2023  \nMarket Seasonal Patterns Chart Explanation .....................................................................2  \nMarket Seasonal Pattern Charts..........................................................................................5  \nMRCI Product Information ................................................................................................21  \nMarket Seasonal Pattern Explanation  \nThe following charts reflect seasonal patterns for individual futures markets over the period of a calendar year. Each market is represented by its nearby contract (until rollover) .  \nThe MRCI charting algorithm tracks the nearest contract either until First Notice Day (FND), if settled by delivery prior to expiry, or until five days before expiration, if settled to cash or by delivery only after expiry (for example, S&P 500 or sugar) . The contract month plotted in each segment of the pattern is designated at the top of the chart immediately below its title, with rollover designated by a small vertical line. Thus, sharp declines or inclines at rollover may reflect consistent discounts/premiums in the succeeding contract and/or market behavior after FND. The twelve months of the year are displayed on the bottom of the chart, with calendar year 2011 used to affix dates for FND and expiry.  \nEach of the following charts exhibits two seasonal patterns: the most recent 15 years (dotted line) and up to the last 40 years (solid line), depending on how long the contract has actually traded. A market which has traded for 15 or fewer years will show only one pattern.  \nPresenting two different time frames helps depict if/how the pattern for that market has evolved over time. Has the seasonal high or low shifted over time? Which seasonal trends, and seg","cbCaijmFd6v6iPwd","https://ap.wps.com/l/cbCaijmFd6v6iPwd","pdf",11025324,23,"English","# Market Seasonal Pattern Explanation\n## Using a Market Seasonal Pattern\n# Market Seasonal Pattern Charts\n## Seasonal Patterns-by Market\n# MRCI Product Information","[{\"question\":\"How does MRCI determine which contract month is plotted in each seasonal pattern chart?\",\"answer\":\"The charts track the nearest contract until First Notice Day (FND) when settled by delivery prior to expiry, or until five days before expiration when settled to cash or by delivery only after expiry.\"},{\"question\":\"What historical time frames are used for the seasonal patterns?\",\"answer\":\"Each chart shows two patterns when possible: the most recent 15 years (dotted line) and up to the last 40 years (solid line), depending on how long the contract has been trading.\"},{\"question\":\"How should traders interpret the 0–100 seasonal index on the charts?\",\"answer\":\"The index uses a right-hand vertical scale where 0 represents the seasonal low period and 100 represents the seasonal high period, while values like 20 indicate times when prices tend to be in the lower 20% of the year’s eventual price range.\"}]","MRCI Market Seasonal Patterns - January 2023 | PDF",1789974421,58,[148,152,156],{"page_no":8,"url":149,"width":150,"height":151},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/9702b2c54b1c200f9efffdb7d6642c8b.webp",983,1272,{"page_no":14,"url":153,"width":154,"height":155},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/8cc2ce66e986e84148541af50f5d5ae6.webp",982,1270,{"page_no":81,"url":157,"width":158,"height":159},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/1be68a7892f29f8f7e47393c797271da.webp",981,1269]