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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.
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.
Coherent trend across 2H/1D/1W.
Context, not a trade signal · forward test pending.
Descriptive — does not size the band.
Sigmacast expected range · containment-audited · early record · 66.7% (108 forecast-days · n_eff=8 independent windows) · CI 34–89% · 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), NI1's expected-range band contained price 66.7% of the time (95% CI 34–89%; stated rate: 80%).
As of November 1, 2026, NI1 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.
Nickel Futures (NI1) is a commodity instrument tracked by the Sigmanomics analytics platform. The NI1 commodity closed at 15,225.46 on November 1, 2026, reflecting a gain of 0.01% from the previous close of 15,223.36.
Over the past 30 days, the commodity has experienced a modest downtrend with a decline of 1.87%, ranging between 15,032.74 and 16,319.35. The price currently trades below its 20-day moving average of 15,580.21. 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 1.09%, reflecting typical price variability for this commodity. Over the past 52 weeks, NI1 traded between 14,224.38 (Dec 17, 2025) and 19,982.18 (May 6, 2026); the current price sits 23.8% below the 52-week high.
Daily-return volatility of 1.09% is subdued for this commodity, leaving recent ranges compressed — watch for a decisive break of the band as the more telling development. NI1 is currently trading 2.28% below its 20-day moving average and sitting in the lower portion 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), 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.