TAIEX to 47,111.26 if the CBC discount rate is held
TAIEX closed at 46,096.23 on October 27. The base case is 47,111.26 by December 17 if the CBC again leaves the discount rate at 2%.
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Market calls with a spot, a target and an invalidation level.
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October 2026
Soybean meal to $340: the flat official-price case
Soybean meal last closed at $346.10. The base case is a $340.00 short-ton settle by the next USDA balance sheet if the official season-average stays flat.
TOPIX to 4,000: the 1.25 percent hold case
TOPIX reaches 4,000 by October 30, 2026 if the Bank of Japan holds the overnight call rate at 1.25 percent. A daily close below 3,907.33 ends the call.
Rough rice holds $16.00 on the crop report
Rough rice holds above $16.00/cwt into the November 10, 2026 WASDE.
Swiss Market Index to 14,669.51: the SNB hold case
The Swiss Market Index base case is 14,669.51 by the December 10 SNB assessment if the policy rate stays at 0%.
COMEX copper to $6.34: the surplus and funds-rate case
COMEX copper December last was $6.50 a pound. The base case is $6.34 by the December projections meeting, and a daily close above $6.894 breaks the fade.
WIG20 slips to 4,199.79 by the November 4 decision
WIG20 is called back to 4,199.79 by November 4, 2026 from the October 21 official close of 4,267.00 in the base case. A close above 4,267.00 ends the fade.
FCOJ to 142.00 cents by the October 23 stocks print
November FCOJ settles at 142.00 cents by October 23, 2026 as cold-storage stocks stay heavy. A daily settlement above 158.00 cents invalidates the base case.
FTSE MIB to 49,857 by the 29 October press conference
FTSE MIB reaches 49,857.18 by 29 October 2026, the 16 October Borsa Italiana close. Spot is 49,086.27. A daily close below 48,835.91 ends this repair call.
Feeder cattle to 343.925 cents by November 20, 2026
January 2027 feeder cattle is called to 343.925 cents by November 20, 2026, from a Monday settlement of 339.925. A daily close below 334.83 ends the call.
Lean hogs to 65.00 cents by the 10 November USDA WASDE
December 2026 lean hogs reach 65.00 cents by the November 10 USDA WASDE, off a 66.925-cent CME print. A daily close above 68.325 cents breaks the call.
AEX to 1,160 by 29 October: the ECB hold case
The AEX reaches 1,160 by October 29, 2026 in the base case if the ECB holds the deposit facility at 2.50%. A daily close below 1,122.97 breaks the call.
Soybean oil to 68.57 cents by the 10 November WASDE
December 2026 soybean oil reaches 68.57 cents by November 10, 2026, halfway from 67.13 to the USDA 70-cent average. A close below 66.30 cents ends the call.
LME lead to $1,891 by January 15, 2027: stock-draw case
LME lead cash reaches $1,891 a tonne by January 15, 2027 as reported stocks fall from the July 15 peak. A cash settlement below $1,827 breaks the call.
LME tin to $51,000 by the January 15, 2027 prompt date
LME tin cash settled at $50,100 on October 15, 2026. The base case is $51,000 by the January 15, 2027 prompt. A cash settlement below $49,550 breaks the call.
Nikkei 225 to 66,200 by October 30: the BOJ retrace
The Nikkei 225 base case is 66,200 by October 30, 2026 after a 64,425.95 cash print. A close under the October 15 low of 64,092.74 ends the retracement.
LME copper to $14,635 by January 14, 2027: premium fades
LME copper's October 14 settlement was $14,751. The base case is the $14,635 three-month official offer by January 14, 2027, unless cash settles above $14,822.
Cotton to 78 cents by 10 November 2026: stocks case
Cotton reaches 78.00 cents by November 10, 2026 after WASDE-676 raised US ending stocks to 3.80 million bales. A close above 82.40 cents breaks the call.
LME zinc to $3,550 by November 20 as stocks hit highs
LME zinc cash was $3,811 on October 12, with stock at 132,850 tonnes. Base case $3,550 by November 20, 2026. A Friday settlement above $4,060 ends the call.
IBEX 35 to 19,232.1 ahead of the October 29 ECB call
IBEX 35 reaches 19,232.1 by October 29, 2026, a 23.6% retracement of the BME drop from the August 11 close. A daily close below 18,821.9 ends the call.
