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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.
Sigmacast expected range · 7–28-day calibrated zone
Forecast batch: 8/2/26
Market-data read
CHE reads range-bound — no clean directional character at any horizon (ER 0.31 / 0.13 / 0.22). Recent action is directionless chop rather than a trend. Term-structure band: ±2.7% / ±3.3% / ±4.1% (7/14/28d).
Nested 60 / 80 / 95 calibrated expected-range · centered on current price (gold tick)
Macro correlations · context (not confirmation)
8 correlated indicators
Observed historical correlations, not forward signals.
Positively correlated: All Car Sales (r=+0.76), Advance Retail Sales (r=+0.73), BoE Consumer Credit (r=+0.70)
Inversely correlated: Non Defense Goods Orders Ex Air (r=-0.92), PCE Price Index MoM (r=-0.86), ISM Manufacturing New Orders (r=-0.77), CPI Food at Home (r=-0.77), Financial Activities Payrolls (r=-0.75)
As of August 3, 2026, CHE is trading at 1.69. 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.
Containment = how often the band held (backtest) — magnitude only, not a directional record.
Forecasts generated by Sigmanomics engine. Not financial advice.
Market-data read
Cheese Futures (CHE) is a commodity instrument tracked by the Sigmanomics analytics platform. The CHE commodity closed at 1.6868 on August 3, 2026, reflecting a gain of 0.02% from the previous close of 1.6865.
Over the past 30 days, the commodity has experienced a strong uptrend with a rally of 7.60%, ranging between 1.5614 and 1.7403. The price currently trades above its 20-day moving average of 1.6751. The 14-day RSI stands at 57.6, in neutral territory, indicating balanced momentum.
Over the same 30-day window, daily-return volatility was 1.44%, reflecting typical price variability for this commodity. Across the past 52 weeks, the commodity has traded between 1.3991 and 1.7647, with the current price near the high end of that range.
Daily-return volatility of 1.44% 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 0.70% above its 20-day moving average and sitting in the upper portion of its 52-week range. Its 14-day RSI reads 57.6, currently in neutral territory.
Auto-generated from Sigmanomics market data. Last update Aug 2026.
Sigmacast forecasts span six horizons — 30-minute, 1-hour, 2-hour, 4-hour, 12-hour, and daily — refreshed continuously as new bars arrive.