股指期货将偏强震荡，白银期货将震荡偏弱，黄金期货将偏弱宽幅震荡，原油、PVC、棕榈油期货将偏弱震荡，螺纹钢、铁矿石、豆粕期货将偏强震荡

1. Report Industry Investment Rating No information provided in the report. 2. Core Viewpoints of the Report - Through macro - fundamental and technical analysis, the report predicts the trend of various futures on October 28, 2025, including股指期货,国债 futures, precious metals futures, base metals futures, energy futures, and agricultural futures [2]. - It also analyzes the performance of various futures on October 27, 2025, and gives the expected trend and price range of the main continuous contracts in October 2025 [14]. 3. Summary by Relevant Catalogs 3.1 Futures Market Outlook - Stock Index Futures: Expected to be strong and volatile on October 28, 2025. For example, IF2512 has resistance at 4715 and 4730 points, and support at 4684 and 4668 points [2]. - Treasury Bond Futures: The ten - year T2512 and thirty - year TL2512 are likely to have wide - range fluctuations on October 28, 2025 [2]. - Precious Metals Futures: Gold futures AU2512 will be weak and have wide - range fluctuations, while silver futures AG2512 will be weak and volatile on October 28, 2025 [2][3]. - Base Metals Futures: Copper, aluminum, nickel, etc. have different trends. For example, copper futures CU2512 will have wide - range fluctuations, and aluminum futures AL2512 will be weak and volatile on October 28, 2025 [3]. - Energy Futures: Crude oil, PVC, etc. will be weak and volatile on October 28, 2025 [1][6]. - Agricultural Futures: Palm oil will be weak and volatile, while soybean meal will be strong and volatile on October 28, 2025 [1][6][7]. 3.2 Macro News and Trading Tips - Various domestic and international macro - events are reported, such as government meetings, policy announcements, and economic data releases. For example, the State Council leaders' participation in important meetings, central bank's monetary policy operations, and national economic data like industrial enterprise profits and social logistics costs [8][9][10]. 3.3 Commodity Futures - related Information - On October 27, 2025, international precious metals futures generally declined, and the prices of some base metals and energy futures had different changes. For example, COMEX gold futures fell 3.40%, and COMEX silver futures fell 3.61% [12]. - Some industry - related news is also reported, such as LBMA considering changing the frequency of silver inventory announcements and OPEC +'s plan to increase crude oil production [13]. 3.4 Futures Market Analysis and Outlook - Stock Index Futures: On October 27, 2025, various stock index futures showed an upward trend, with support from moving averages. For example, IF2512 rose 1.24% (1.07% based on the closing price) [14]. - Treasury Bond Futures: On October 27, 2025, treasury bond futures closed higher across the board. The central bank conducted 3373 billion yuan of 7 - day reverse repurchase operations, with a net investment of 1483 billion yuan [36]. - Precious Metals Futures: Gold futures AU2512 had a slight decline on October 27, 2025, while silver futures AG2512 had a slight increase [41][48]. - Base Metals Futures: Copper, aluminum, etc. showed an upward trend on October 27, 2025, with support from moving averages [52][57]. - Other Futures: Other futures such as polycrystalline silicon, lithium carbonate, etc. also had different trends on October 27, 2025 [69][73].