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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
Last Updated: 7/14/26
CL1 reads range-bound — no clean directional character at any horizon (ER 0.67 / 0.43 / 0.05). Recent action is directionless chop rather than a trend. Term-structure band: ±5.4% / ±6.7% / ±8.3% (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), BoE Consumer Credit (r=+0.70)
Inversely correlated: Non Defense Goods Orders Ex Air (r=-0.82), PCE Price Index MoM (r=-0.78), ISM Manufacturing New Orders (r=-0.73), CPI Food at Home (r=-0.73), Financial Activities Payrolls (r=-0.72), ISM Manufacturing PMI (r=-0.68)
As of July 14, 2026, CL1 is trading at 0.00. 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.
Crude Oil Futures (CL1) is a commodity instrument tracked by the Sigmanomics analytics platform. The CL1 commodity closed at 79.7294 on July 14, 2026, reflecting a gain of 8.16% from the previous close of 73.7164.
Over the past 30 days, the commodity has experienced a modest downtrend with a decline of 0.62%, ranging between 66.9819 and 83.7986. The price currently trades above its 20-day moving average of 70.7722. The 14-day RSI stands at 63.1, in the upper part of its range.
Over the same 30-day window, daily-return volatility was 2.78%, reflecting typical price variability for this commodity. Across the past 52 weeks, the commodity has traded between 54.9700 and 119.47, with the current price near the midrange of that range.
Daily-return volatility of 2.78% 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. CL1 is currently trading 12.66% above its 20-day moving average and sitting in the middle of its 52-week range. Its 14-day RSI reads 63.1, currently in neutral territory.
Auto-generated from Sigmanomics market data. Last update Jul 2026.
Sigmacast forecasts span six horizons — 30-minute, 1-hour, 2-hour, 4-hour, 12-hour, and daily — refreshed continuously as new bars arrive.