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📅 2026-11-02 · Algo brief · 18:00 ET (prev day)

This report is provided by MacroTerms.com

Data as of: 2026-11-02 · Settlement: Exchange final daily settlement
Generated: 2026-11-02 07:13:12 · Benchmark settle: 2026-10-30
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

2026-11-02 Market Research

1) WTI settles 104.12, backwardation widens to M1-M2 1.91 (settle 10-30), OPEC+ holds December output steady.
2) Gold settles 3898.9, down 3.29% (settle), with managed money adding length despite price weakness.
3) Silver settles 49.276, down 5.93% (settle), gold/silver ratio at 79.12 (94% 1Y pct).

Single-name briefs Deep dive

COMEX GoldGC=F 2026-11-02
Gold (GC=F) Deep Dive | Bearish — 20-Day Low Break, Crowded Longs, Rich IV | 2026-11-02
SHORTdaily-briefaligned
Deep diveRead
COMEX SilverSI=F 2026-11-02
Silver (SI=F) Deep Dive | Bearish — 20-Day Low Break, Managed-Money Exodus Not Yet Done | 2026-11-02
SHORTdaily-briefaligned
Deep diveRead
WTI CrudeCL=F 2026-11-02
WTI Crude (CL=F) Deep Dive | Bullish — Backwardation + Distillate Draw, Target 108.12 | 2026-11-02
LONG1-5daligned
Deep diveRead
COMEX CopperHG=F 2026-11-02
Copper (HG=F) Deep Dive | Bearish — LME Stock Build Overwhelms Weak SHFE Draw | 2026-11-02
SHORTdaily-briefaligned
Deep diveRead
BrentBZ=F 2026-11-02
Brent Crude (BZ=F) Deep Dive | Bullish breakout confirmed, backwardation validates tight prompt | 2026-11-02
LONGdaily-briefneutral_context
Deep diveRead
Lean HogsHE=F 2026-11-02
Lean Hogs (HE=F) Deep Dive | Bearish — Oversold Bounce Fails, Next Support 57.725 | 2026-11-02
SHORTno_house_view
Deep diveRead
Nat GasNG=F 2026-11-02
Natural Gas (NG=F) Deep Dive | Bearish — Net-Short Extreme Meets Weak Seasonals | 2026-11-02
SHORTdaily-briefaligned
Deep diveRead
CornZC=F 2026-11-02
Corn (ZC=F) Deep Dive | Bearish — 10% 20-Day Slide, Contango Pressures ZCZ26 | 2026-11-02
SHORTneutral_context
Deep diveRead
SoybeansZS=F 2026-11-02
Soybeans (ZS=F) Deep Dive | Bearish Bias | 2026-11-02
SHORTdaily-briefaligned
Deep diveRead
WheatZW=F 2026-11-02
Wheat (ZW=F) Deep Dive | Bearish — Momentum Below Pivot, Seasonal Headwind | 2026-11-02
SHORTneutral_context
Deep diveRead

Previous briefs

2026-11-02：Intl daily2026-11-02 Market Research Current 2026-11-02：China daily2026-11-02 China Futures Morning Report: Precious Metals and Black Commodities Under Pressure, Chemicals Continue to Rebound View 2026-11-01：Intl dailyCommodities Pre-Open Brief 2026-11-01: Gold Settle 3898.9, WTI Settle 104.12 View 2026-11-01：China daily2026-11-01 Morning Report: Precious Metals Under Pressure, Black Commodities Dominated by Short Positions, Chemical Sector Continues to Bounce View 2026-10-31：Intl dailyCommodities Pre-Open Brief — 2026-10-31 View 2026-10-31：China daily2026-10-31 Morning Report: Black Metal Under Pressure, Divergence in Chemicals and Precious Metals View 2026-10-30：Intl dailyCommodities Pre-Open Brief 2026-10-30 View 2026-10-30：China daily2026-10-30 Morning Report: Shanghai Silver Breaks Position, Shorts Dominate; Black Commodities Reduce Positions and Repair View 2026-10-29：Intl dailyCommodities Pre-Open Brief 2026-10-29: Gold Steadies, WTI Holds Gains, Asia Bounces View 2026-10-29：China daily2026-10-29 Morning Report: Foreign markets surge, domestic differentiation, black commodities under pressure, chemical sector strong View 2026-10-28：Intl dailyCommodities Pre-Open Brief — 2026-10-28 View 2026-10-28：China daily2026-10-28 Morning Report: Chemical rebound continues, black commodities under pressure and oscillating View 2026-10-27：Intl dailyCommodities Pre-Open Brief 2026-10-27 View 2026-10-27：China dailyMethanol breaks above 20-day high, gold on Shanghai futures under pressure View 2026-10-26：Intl dailyCommodities Pre-Open | 2026-10-26 | WTI Breakout Bias View 2026-10-26：China daily2026-10-26 China Futures Morning Brief View 2026-10-25：Intl dailyCommodities Pre-Open Brief 2026-10-25: WTI Backwardation Widens, Gold Tests 4015 View 2026-10-25：China daily2026-10-25 Morning Report: Black commodities under pressure, chemical night session leads gains, precious metals correct View 2026-10-24：Intl daily2026-10-24 Commodities Pre-Open: WTI Holds Above 103, Gold Tests 4000 View 2026-10-24：China daily2026-10-24 Morning Report: Black commodities short positions increase, chemical sector leads night session gains View

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* Backtest settles each daily trade idea: stop/target whichever first, flat at close when window ends. Past performance does not predict future results.