股指期货将震荡整理，黄金、白银、豆粕期货将偏强震荡，多晶硅、碳酸锂、焦煤期货将偏弱宽幅震荡，螺纹钢、玻璃、纯碱、PTA、PVC期货将偏弱震荡

Report Summary 1. Report Industry Investment Rating No information about the industry investment rating is provided in the content. 2. Core View of the Report Through macro - fundamental and technical analysis, the report predicts the trend of various futures on August 28, 2025, including the expected performance of stock index futures, bond futures, precious metal futures, and commodity futures, and also provides resistance and support levels for each futures contract [2][3][4]. 3. Summary by Relevant Categories 3.1 Futures Market Outlook - Stock Index Futures: Expected to oscillate and consolidate. For example, IF2509 has resistance at 4404 and 4449 points, support at 4360 and 4330 points; IH2509 has resistance at 2930 and 2951 points, support at 2903 and 2880 points, etc. [2][17] - Treasury Bond Futures: Ten - year T2512 and thirty - year TL2512 are likely to have wide - range oscillations. T2512 has resistance at 108.09 and 108.17 yuan, support at 107.82 and 107.73 yuan; TL2512 has resistance at 117.8 and 118.2 yuan, support at 116.8 and 116.5 yuan [2][36][38] - Precious Metal Futures: Gold (AU2510) and silver (AG2510) are likely to have strong oscillations. Gold has resistance at 786.8 and 788.9 yuan/gram, support at 781.1 and 779.6 yuan/gram; silver has resistance at 9346 and 9404 yuan/kg, support at 9250 and 9205 yuan/kg [2][3] - Base Metal Futures: Copper (CU2510), aluminum (AL2510), and nickel (NI2510) are likely to have weak oscillations. For instance, copper has support at 78600 and 78300 yuan/ton, resistance at 78900 and 79100 yuan/ton [3] - Energy and Chemical Futures: Polycrystalline silicon (PS2511), lithium carbonate (LC2511), and coking coal (JM2601) are likely to have weak wide - range oscillations. Crude oil (SC2510) is expected to oscillate and consolidate [3][4] - Building Materials and Agricultural Futures: Rebar (RB2510), glass (FG601), soda ash (SA601), PTA (TA601), and PVC (V2601) are likely to have weak oscillations. Bean粕 (M2601) and natural rubber (RU2601) are likely to have strong oscillations [4][6] 3.2 Macro News and Trading Tips - The Shanghai Cooperation Organization Summit will be held in Tianjin from August 31 to September 1, 2025. Member - state leaders will sign and issue the "Tianjin Declaration" and approve the "SCO's Development Strategy for the Next 10 Years" [7] - The Ministry of Commerce will introduce policies to expand service consumption next month and jointly formulate policies to promote service exports with relevant departments [7] - The 2025 China International Fair for Trade in Services will be held in Beijing from September 10 to 14, with over 70 countries and international organizations participating [7] - In July, the profit of industrial enterprises above designated size decreased by 1.5% year - on - year, with the decline narrowing for two consecutive months. High - tech manufacturing profits turned from a 0.9% decline in June to an 18.9% increase [8] - In 2024, China's new economic growth momentum index was 136.0, a 14.2% increase from the previous year [8] - Shanghai issued an implementation opinion on accelerating the transformation of urban villages, with certain requirements for the scope of transformation and the shareholding ratio of collective economic organizations [8] - The global economic and trade friction index in June was 92, in the medium - high range. The amount of global economic and trade friction measures decreased by 14.7% year - on - year and 13.7% month - on - month [8] - The U.S. Treasury Secretary will interview candidates for the Fed Chair next month, and the selection will be announced this fall. The Trump administration is studying a plan to increase influence on the 12 regional Fed banks [9] - The New York Fed President said it is appropriate to cut interest rates at the right time and is optimistic about the economic situation [9] - The EU responded to the U.S. threat of tariff retaliation for digital regulatory measures, emphasizing the right to independently formulate digital regulatory policies [9] 3.3 Commodity Futures - Related Information - Goldman Sachs expects the oil surplus to intensify, with an average daily surplus of 1.8 million barrels from Q4 2025 to Q4 2026, and global oil inventories to increase by nearly 0.8 billion barrels by the end of 2026. Brent crude oil prices are expected to fall to just over $50 by the end of 2026 [9] - On August 27, U.S. oil and Brent crude oil prices rose due to a decline in U.S. inventories. U.S. oil rose 0.96% to $63.86/barrel, and Brent crude rose 0.75% to $67.20/barrel [10] - On August 27, international precious metal futures generally closed higher, with COMEX gold rising 0.55% to $3451.80/ounce and COMEX silver rising 0.22% to $38.69/ounce [10] - On August 27, most London base metals fell, while LME tin rose 0.91%. The market expects the Fed to cut interest rates in September and December [11] - On August 27, the on - shore RMB against the U.S. dollar closed at 7.1622, down 1 basis point, and the night - session closed at 7.1500. The central parity rate was 7.1108, up 80 basis points [11] - On August 27, the U.S. dollar index fell 0.04% to 98.19, and non - U.S. currencies showed mixed performance [12]