股指期货将震荡整理，黄金期货价格再创新高，原油、燃料油期货将震荡偏强，白银、铜、镍、螺纹钢期货将偏弱震荡

Report Investment Rating No investment rating for the industry is provided in the report. Core Views The report provides a comprehensive analysis and forecast of the futures market, including stock index futures, treasury bond futures, precious metal futures, base metal futures, energy futures, and agricultural product futures. Through macro - fundamental and technical analysis, it predicts the price trends, support, and resistance levels of various futures contracts on April 1, 2025, and also gives the expected trends for April 2025 in some cases [2][4][5]. Summary by Directory 1. Futures Market Forecast for April 1, 2025 - Stock Index Futures: Expected to oscillate and consolidate. For example, IF2506 has resistance at 3886 and 3902 points, and support at 3833 and 3808 points [2]. - Treasury Bond Futures: Ten - year T2506 and thirty - year TL2506 are likely to oscillate strongly, with specific resistance and support levels provided [3][4]. - Precious Metal Futures: Gold futures AU2506 will likely oscillate strongly and reach new highs, while silver futures AG2506 will likely oscillate weakly [4]. - Base Metal Futures: Copper, aluminum, lead, nickel, and other base metal futures are mostly expected to oscillate weakly, while zinc futures will oscillate and consolidate, and tin futures will oscillate strongly [4][5]. - Energy Futures: Crude oil and fuel oil futures will likely oscillate strongly, while natural rubber and 20 - number rubber futures will likely oscillate weakly [10]. - Other Futures: PTA, PVC, glass, and soda ash futures are expected to oscillate strongly, while steel - related futures such as rebar and hot - rolled coil are expected to oscillate weakly [5][7][9][10]. 2. Macro Information and Trading Tips - Domestic Macro News: China's economic recovery signs are more obvious, with the manufacturing PMI, non - manufacturing PMI, and comprehensive PMI rising in March. The government will take measures to reduce corporate burdens, and the central bank has carried out open - market operations [12]. - International Macro News: Trump plans to announce a tariff policy, which has affected the Asian - Pacific stock markets. Goldman Sachs has raised the probability of a US economic recession and lowered the GDP growth forecast. The global economic outlook may be slightly revised downward, but there are no signs of recession [14][15]. 3. Futures Market Analysis and Forecast for March 31, 2025 - Stock Index Futures: Most stock index futures contracts closed down on March 31, with increased short - term downward pressure [19][20][21]. - Treasury Bond Futures: Ten - year and thirty - year treasury bond futures had different trends on March 31, with the ten - year showing a slight decline and the thirty - year showing a slight increase [43][46]. - Precious Metal Futures: Gold futures closed up, reaching a new high, while silver futures closed slightly down [49][52]. - Base Metal Futures: Most base metal futures closed down on March 31, with varying degrees of downward pressure [59][64][73][77][79]. - Energy Futures: Crude oil and fuel oil futures closed down on March 31, with increased short - term downward pressure [110][112]. - Other Futures: Steel - related futures such as rebar and hot - rolled coil closed down, while glass and soda ash futures also closed down, with increased downward pressure [87][90][104][106]. 4. Expected Trends for April 2025 - Stock Index Futures: IF, IH, IC, and IM are expected to oscillate weakly in April 2025, with specific support and resistance levels provided [24][25]. - Precious Metal Futures: Gold and silver futures are expected to oscillate strongly in April 2025, with expected resistance and support levels [49][52]. - Base Metal Futures: Copper, aluminum, and other base metal futures have different expected trends in April 2025, such as copper oscillating strongly and aluminum having a wide - range oscillation [59][64]. - Energy Futures: Crude oil futures are expected to oscillate strongly in a wide range in April 2025 [110].