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Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.
Nested 60 / 80 / 95 calibrated expected-range · centered on current price (gold tick)
Containment = share of graded forecast-days the 60% band held; its 95% interval counts independent windows only (n_eff, non-overlapping, stride = horizon) — per-symbol audit; static backtest copy where the audit has no n_eff yet. Magnitude only, not a directional record.
7 of 7 models in band
± 3.95% expected move
backtest — refresh paused (#568)
Actionable · size by band. The validated edge is magnitude, not direction.
Timeframes diverge — no single coherent trend.
Context, not a trade signal · forward test pending.
Descriptive — does not size the band.
CHE's calibrated band puts the expected move at ±3.2% over 7 days, widening to ±4.9% over 28.
Sigmacast expected range · containment-audited · early record · 50% (108 forecast-days · n_eff=8 independent windows) · CI 22–78% · as of 31 Oct 2026 · n_eff as of 1 Nov 2026 → full record
Across 108 graded 14-day forecast-days since 11 Jun 2026 (8 independent windows), CHE's expected-range band contained price 50% of the time (95% CI 22–78%; stated rate: 80%).
As of November 1, 2026, CHE is trading at 1.67. Our multi-model Sigmanomics forecast for this commodity generates expected price ranges (magnitude, not direction) across 7-day, 14-day, and 28-day horizons, each with a recent-path character readout. Based on ensemble models including SIGMACAST, Σ-Adaptive, and Σ-Trend with model-agreement confidence bands. Updated daily.
Forecasts generated by Sigmanomics engine. Not financial advice.
Cheese Futures (CHE) is a commodity instrument tracked by the Sigmanomics analytics platform. The CHE commodity closed at 1.6680 on November 1, 2026, reflecting a gain of 0.01% from the previous close of 1.6678.
Over the past 30 days, the commodity has experienced a strong uptrend with a rally of 14.99%, ranging between 1.4276 and 1.7310. The price currently trades above its 20-day moving average of 1.6497. The 14-day RSI stands at 60.8, in the upper part of its range.
Over the same 30-day window, daily-return volatility was 1.42%, reflecting typical price variability for this commodity. Over the past 52 weeks, CHE traded between 1.3991 (Jan 15, 2026) and 1.7647 (Apr 6, 2026); the current price sits 5.5% below the 52-week high.
Daily-return volatility of 1.42% runs elevated for this commodity, so price ranges are likely to stay wide — watch how price behaves around its recent range rather than treating any single level as fixed. CHE is currently trading 1.11% above its 20-day moving average and sitting in the middle of its 52-week range. Its 14-day RSI reads 60.8, currently in neutral territory.
Macro correlations · context (not confirmation)
8 correlated indicators
Observed historical correlations, not forward signals.
Positively correlated: Total Vehicle Sales (US) (r=+0.83), ISM Non-Manufacturing New Orders (US) (r=+0.75), Crude Oil Production (Monthly) (US) (r=+0.75), BoE Consumer Credit (US) (r=+0.72)
Inversely correlated: Richmond Fed Services Revenues Index (US) (r=-0.81), PPI Final Demand Ex Food Energy Trade (US) (r=-0.76), Non Defense Goods Orders Ex Air (US) (r=-0.75), Producer Price Index MoM (US) (r=-0.71)
Auto-generated from Sigmanomics market data. Last update Nov 2026.
Sigmacast forecasts span six horizons — 30-minute, 1-hour, 2-hour, 4-hour, 12-hour, and daily — refreshed continuously as new bars arrive.