This report is provided by MacroTerms.com

Data as of: 2026-11-05 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
Generated: 2026-11-05 07:18:18 · Benchmark settle: 2026-11-04
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

Morning Report 2026-11-05: Precious Metals Lead Gains in Night Session, Oil and Chemicals Under Pressure

1. Shanghai gold night session closed at 875.16, holding above the pivot R1 875.66; if the day session closes above 851.2, the short-term target is 887.3, otherwise a shift to bearish bias is triggered.
2. Shanghai silver night session closed at 12608, 134 points below pivot R1 12741.67, with long positions adding 21863 contracts; if it breaks below S1 11919.67, it will test 11521, while holding R1 targets 13113.
3. Crude oil night session fell 7.83% to 628.2, with international WTI settling down 8.38%; if it breaks below the next pivot S1 663.13, bearish momentum will continue, with attention on the 622.4 low support.