This report is provided by MacroTerms.com

Data as of: 2026-10-20 · Settlement: Exchange final daily settlement
Generated: 2026-10-20 07:05:44 · Benchmark settle: 2026-10-19
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

Pre-Open Brief 2026-10-20 — WTI settles 103.66 (+2.22%) then Asia gaps to 98.27 (Asia) (-5.20%)

1) WTI settled 103.66 (+2.22% d/d, +10.58% 5D) at a 97% net-length percentile, then Asia gapped to 98.27 (-5.2%) — a 5.2% overnight reversal on stale positioning.
2) Gold settled 4160.1 (-0.5%) with managed money net 107,089 (-3,898 w/w) as price rose — a divergence flag.
3) Brent settled 109.86 (+3.72%) with backwardation M1-M2 at 3.04 (+0.29); the Brent-WTI spread sits at -8.45 (Brent premium). Watch whether the Asia crude gap holds into the Globex session close.