股指期货将偏强震荡，黄金期货将偏强震荡，碳酸锂、螺纹钢、玻璃、纯碱、原油、燃料油、PVC期货将偏弱震荡

Report Industry Investment Rating No relevant content provided. Core View of the Report Based on macro - fundamental and technical analysis, the report predicts the trend of various futures on July 1, 2025. Index futures and some commodity futures such as gold, PTA, and soybean meal are expected to have a relatively strong oscillation, while some other commodity futures like alumina, zinc, and crude oil are expected to have a relatively weak oscillation. Treasury bond futures are expected to oscillate and consolidate [2]. Summary by Directory 1. Futures Market Forecast Highlights - Index futures (IF2509, IH2509, IC2509, IM2509) are expected to have a relatively strong oscillation, with specified resistance and support levels [2]. - Ten - year Treasury bond futures T2509 and thirty - year Treasury bond futures TL2509 are likely to oscillate and consolidate, with corresponding support and resistance levels [2]. - Gold futures AU2510 are likely to have a relatively strong oscillation, aiming to break through resistance levels [2]. - Silver, copper, aluminum, and other futures are expected to oscillate and consolidate, while alumina, zinc, and other futures are expected to have a relatively weak oscillation, with respective support and resistance levels [3]. 2. Macro News and Trading Tips - China's manufacturing, non - manufacturing, and composite PMI all increased in June, indicating an improvement in the economic climate [8]. - Policies such as tax incentives for foreign direct investment and the issuance of QDII investment quotas have been introduced [8]. - International events include trade negotiations, sanctions, and interest rate - related remarks, which may impact the financial and commodity markets [9]. 3. Futures Market Analysis and Forecast Index Futures - On June 30, 2025, index futures showed different trends, and it is expected that in July 2025, they will generally have a relatively strong oscillation [14][22]. Treasury Bond Futures - On June 30, ten - year and thirty - year Treasury bond futures declined. The central bank's policies and market liquidity conditions are important factors affecting the Treasury bond market [37][42]. Gold and Silver Futures - Gold futures AU2510 and silver futures AG2508 showed different trends on June 30, and different trends are expected for July 1 and the whole month of July [47][53]. Base Metal Futures - Copper, aluminum, and other base metal futures showed different trends on June 30, and different trends are expected for July 1 and the whole month of July [57][62]. Energy and Chemical Futures - Crude oil, fuel oil, and other energy and chemical futures showed different trends on June 30, and different trends are expected for July 1 and the whole month of July [114][118]. Agricultural Futures - Soybean meal futures M2509 showed an upward trend on June 30, and a relatively strong oscillation is expected on July 1 [128].