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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: 8/8/26
RS1's band is still building its audit record. Sigmacast's calibrated band is sized from realized volatility and graded against every terminal close as its audit record builds. Horizon grades appear as each one's history matures — current status is below.
Market-data read
RS1 reads range-bound — no clean directional character at any horizon (ER 0.96 / 0.49 / 0.01). Recent action is directionless chop rather than a trend. Term-structure band: ±2.0% / ±2.5% / ±3.1% (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 9, 2026, RS1 is trading at 779.66. 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
Canola Futures (RS1) is a commodity instrument tracked by the Sigmanomics analytics platform. The RS1 commodity closed at 780.12 on August 9, 2026, reflecting a gain of 0.05% from the previous close of 779.73.
Over the past 30 days, the commodity has experienced a sideways movement with a rally of 0.34%, ranging between 753.47 and 839.40. The price currently trades below its 20-day moving average of 786.15. The 14-day RSI stands at 51.9, in neutral territory, indicating balanced momentum.
Over the same 30-day window, daily-return volatility was 1.05%, reflecting typical price variability for this commodity. Across the past 52 weeks, the commodity has traded between 578.81 and 839.40, with the current price near the high end of that range.
Daily-return volatility of 1.05% is subdued for this commodity, leaving recent ranges compressed — watch for a decisive break of the band as the more telling development. RS1 is currently trading 0.77% below its 20-day moving average and sitting in the upper portion of its 52-week range. Its 14-day RSI reads 51.9, 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.