股指期货将偏强震荡，黄金、铜期货将偏强震荡，锌期货将震荡偏强，氧化铝、集运欧线期货将震荡偏弱，工业硅、多晶硅、螺纹钢、铁矿石、原油、玻璃、纯碱期货将偏弱震荡

Report Industry Investment Rating No relevant content provided. Core View of the Report Through macro - fundamental analysis and technical analysis using tools like the golden ratio line, horizontal line, and moving average, the report predicts the likely trends of today's futures main contracts. Specifically, stock index futures, ten - year and thirty - year treasury bond futures, gold, copper, and palm oil futures are expected to oscillate strongly; zinc futures will oscillate slightly stronger; silver and aluminum futures will oscillate sideways; alumina and container shipping (European line) futures will oscillate weakly; while industrial silicon, polysilicon, lithium carbonate, rebar, hot - rolled coil, iron ore, coking coal, glass, soda ash, crude oil, PTA, PVC, methanol, and natural rubber futures are expected to oscillate weakly [2][3][4]. Summary by Relevant Catalogs 1. Macro News and Trading Tips - In China, policies were introduced to improve the modern enterprise system, start environmental protection inspections, and strengthen employment public services. The on - shore and offshore RMB against the US dollar rose, and the water resource tax revenue increased. Globally, Moody's maintained China's sovereign credit rating, and there were developments in international politics, trade, and cryptocurrency, as well as news related to the cease - fire in Gaza and Japan's economic support policies [9][10][11]. - On May 26, international precious metal futures closed with mixed results, and international oil prices fluctuated slightly. OPEC + advanced its July production meeting and may plan a large - scale production increase. Global thermal coal prices hit a four - and - a - half - year low [13][14]. 2. Stock Index Futures - On May 26, the main contracts of CSI 300, SSE 50, CSI 500, and CSI 1000 stock index futures showed different trends, with some experiencing downward pressure and others rebounding. The A - share market was in a state of shrinking volume consolidation. It is expected that in May 2025, the main contracts of stock index futures IF, IH, IC, and IM will likely oscillate strongly in a wide range. On May 27, stock index futures are expected to oscillate strongly [16][17][20]. 3. Treasury Bond Futures - On May 26, the main contracts of ten - year and thirty - year treasury bond futures showed a slightly stronger oscillation. The central bank conducted a 7 - day reverse repurchase operation, resulting in a net investment of 247 billion yuan. It is expected that on May 27, the main contracts of ten - year and thirty - year treasury bond futures will likely oscillate strongly [39][41][43]. 4. Precious Metal Futures - On May 26, the main contracts of gold and silver futures showed different trends, with gold's upward momentum weakening and silver rebounding weakly. It is expected that in May 2025, the main continuous contracts of gold and silver futures will oscillate in a wide range. On May 27, the main contract of gold futures is expected to oscillate strongly, while silver will oscillate sideways [44][51][55]. 5. Base Metal Futures - On May 26, the main contracts of copper, aluminum, alumina, and zinc futures showed different trends. It is expected that in May 2025, the main continuous contracts of copper, aluminum, and zinc futures will oscillate strongly, and alumina will oscillate strongly in a wide range. On May 27, copper futures are expected to oscillate strongly, aluminum will oscillate sideways, alumina will oscillate weakly, and zinc will oscillate slightly stronger [55][61][71]. 6. Industrial Metal Futures - On May 26, the main contracts of industrial silicon, polysilicon, lithium carbonate, rebar, hot - rolled coil, iron ore, and coking coal futures generally showed downward trends. It is expected that on May 27, these futures will likely oscillate weakly, with industrial silicon, polysilicon, and lithium carbonate potentially hitting new lows since listing [75][77][79]. 7. Other Commodity Futures - On May 26, the main contracts of glass, soda ash, crude oil, PTA, PVC, methanol, palm oil, natural rubber, and container shipping (European line) futures showed different trends. It is expected that on May 27, glass, soda ash, crude oil, PTA, PVC, methanol, and natural rubber futures will oscillate weakly; palm oil will oscillate strongly; and container shipping (European line) futures will oscillate weakly [99][101][103].