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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 = how often the band held (backtest) — magnitude only, not a directional record.
6 of 7 models in band
± 0.00% 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.
Sigmacast expected range · containment-audited.
As of October 24, 2026, JBP 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.
Forecasts generated by Sigmanomics engine. Not financial advice.
Steel Futures (JBP) is a commodity instrument tracked by the Sigmanomics analytics platform. The JBP commodity closed at 3,050.70 on October 24, 2026, reflecting a decline of 0.13% from the previous close of 3,054.74.
Over the past 30 days, the commodity has experienced a modest downtrend with a decline of 1.79%, ranging between 3,042.51 and 3,110.53. The price currently trades below its 20-day moving average of 3,083.75. The 14-day RSI stands at 36.7, in the lower part of its range.
Over the same 30-day window, daily-return volatility was 0.42%, reflecting subdued price variability for this commodity. Across the past 52 weeks, the commodity has traded between 2,951.69 and 3,264.37, with the current price near the midrange of that range.
Daily-return volatility of 0.42% is subdued for this commodity, leaving recent ranges compressed — watch for a decisive break of the band as the more telling development. JBP is currently trading 1.07% below its 20-day moving average and sitting in the middle of its 52-week range. Its 14-day RSI reads 36.7, 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), Crude Oil Production (Monthly) (US) (r=+0.73), BoE Consumer Credit (US) (r=+0.72), Imports (US) (r=+0.67)
Inversely correlated: Non Defense Goods Orders Ex Air (US) (r=-0.85), 5-Year Note Auction (US) (r=-0.83), Richmond Fed Services Revenues Index (US) (r=-0.81), Producer Price Index MoM (US) (r=-0.71)
Auto-generated from Sigmanomics market data. Last update Oct 2026.
Sigmacast forecasts span six horizons — 30-minute, 1-hour, 2-hour, 4-hour, 12-hour, and daily — refreshed continuously as new bars arrive.