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.
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Market calls with a spot, a target and an invalidation level.
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October 2026
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.
Bovespa to 204,302.33 by November 4: record-high fade
The Bovespa base case is a fade to the October 7 close of 204,302.33 by the November 4 Copom decision.
LME aluminium retests $3,120 by the 19 October seminar
LME aluminium cash settlement was $3,055.50 a tonne on October 9, 2026, with the three-month at $3,070.
S&P/TSX to 34,938 by December 9: higher bond yields
The S&P/TSX closed at 35,664.62 on October 9. Base case 34,938.01 by December 9 as the 10-year yield rose 48 bp. A daily close above 36,410.62 ends the call.
Nifty 50 to 23,635.1 by December 4: the pause case
Nifty 50 reaches 23,635.1 by December 4, 2026 if the Reserve Bank of India pauses after the October hike. A weekly close under 22,179.9 breaks the call.
ASX 200 to 8,500 by November 3: the cash-rate case
ASX 200 at 8,696.8 faces 8,500 by the November 3 Reserve Bank decision after the cash rate rose to 4.60 per cent. A daily close above 8,808.4 ends the call.
Euro Stoxx 50 to 6,040 by October 28: the live-hike case
The Euro Stoxx 50 falls to 6,040 by the October 28 cash close if the Fed median of 4.1 percent keeps another hike live. A close above 6,311 breaks the call.
Hang Seng to 23,400 by October 28: the hold-not-pivot case
The Hang Seng reaches 23,400 by October 28, 2026 if the Fed holds without a pivot. A daily close above 24,400 breaks the call, and 22,900 is the bear case.
CAC 40 to 7,949 by October 29: the deposit-rate hold
The CAC 40 base case is 7,949 by October 29, 2026, half of a 2.13% week, if the ECB holds the deposit rate at 2.50%. A weekly close below 7,614 ends the call.
PTC to $205 by April 4, 2027: the cash-spread case
PTC closed at $192.26 on October 5, leaving $12.74 to Schneider Electric's $205 cash price. The signed merger agreement's initial end date is April 4, 2027.
NVDA to $248 by November 17: the Q3 guide case
NVDA closed at $238.90 on October 5, 2026. Base case $248 by the November 17, 2026 call, bull $256, bear $230.86. A daily close below $221.56 ends it.
