This report is provided by MacroTerms.com

Data as of: 2026-10-25 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
Generated: 2026-10-25 07:14:02 · Benchmark settle: 2026-10-23
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

2026-10-25 Morning Report: Black commodities under pressure, chemical night session leads gains, precious metals correct

Black commodities face short-side accumulation pressure; if rebar falls below the next pivot S1 at 3032.33, it will look towards the 20-day low of 3031. A rebound back above R1 at 3060.33 suggests repair expectations. Shanghai gold short-side active accumulation pressure keeps prices at the 6.6% position within the 20-day range; a break below the next pivot S1 at 854.63 targets S2 at 844.89, while a rebound back above R1 at 877.55 suggests repair expectations. The chemical night session leads gains, with methanol and polypropylene increasing on higher volume; prices are at high levels within the 20-day range. A break above the next pivot R1 at 3254.67 targets the next upside line, while a break below S1 at 3171.67 suggests a trend shift to bearish.