期货技术分析周报：2025年第45周-20251102

Report Industry Investment Rating No information provided in the content. Core Viewpoints - The technical signals of various futures sectors are diverse. In the non - ferrous and precious metals sector, gold shows a bullish signal, while some non - ferrous metals like lithium carbonate and copper show bearish signals. In the black and shipping sector, the trends of black - series products are divided, with rebar having a short - term callback risk. In the energy and chemical sector, the signals are also mixed, with LPG and some chemical products showing bullish signals. In the agricultural products sector, most products show bullish signals, except for palm oil [1][2][3][4]. - For each specific variety, pay attention to price fluctuations near key technical levels and pivot points, and manage positions carefully [1][2][3][4]. Summary by Directory 1. Non - ferrous and Precious Metals Sector 1.1 Non - ferrous and Precious Metals Sector Technical Indicator Signal Summary - Precious metals: Gold shows a bullish signal, and silver oscillates. Non - ferrous metals: Polysilicon and cast aluminum alloy show bullish signals, while lithium carbonate, alumina, and copper show bearish signals, and the rest oscillate [11][12]. 1.2 Non - ferrous and Precious Metals Sector Weekly Pivot Analysis - The pivot point of copper is 85797 - 87530 yuan/ton, with core support at 83686 - 85377 yuan/ton and main resistance at 87907 - 89683 yuan/ton. The support and resistance intervals of non - ferrous metals such as aluminum and zinc are relatively concentrated, while the fluctuation intervals of tin and nickel are larger. New - energy metals like lithium carbonate and polysilicon have higher price levels [24]. 2. Black and Shipping Sector 2.1 Black and Shipping Sector Technical Indicator Signal Summary - Rebar shows a bullish signal, manganese silicon shows a bearish signal, and European line shipping shows a bearish signal. Other black - series products oscillate [29][30]. 2.2 Black and Shipping Sector Weekly Pivot Analysis - The pivot point of rebar is 3024 - 3086 yuan/ton, and that of hot - rolled coil is 3207 - 3272 yuan/ton. The pivot point of iron ore is 763 - 779 yuan/ton, and that of coke is 1719 - 1754 yuan/ton. The pivot point of European line shipping is 5458 - 5568 yuan/ton, maintaining a high level [37]. 3. Energy and Chemical Sector 3.1 Energy and Chemical Sector Technical Indicator Signal Summary - In the energy sector, LPG shows a bullish signal, and the rest oscillate. In the chemical sector, PTA, p - xylene, and bottle chips show bullish signals, while PVC, propylene, and rubber - related products show bearish signals, and the rest oscillate [41][42][43]. 3.2 Energy and Chemical Sector Weekly Pivot Analysis - The pivot point of crude oil is 451 - 461 yuan/barrel. Among chemical products, the pivot point of p - xylene is 6391 - 6520 yuan/ton, significantly higher than others. Aromatic - series products such as pure benzene and styrene are at relatively high levels. The technical positions of polyethylene and polypropylene in the polyolefin sector are relatively close. The technical levels of methanol are highly concentrated, indicating consistent market expectations, while the technical intervals of urea and natural rubber have a large span, indicating high potential volatility [49]. 4. Agricultural Products Sector 4.1 Agricultural Products Sector Technical Indicator Signal Summary - Corn, soybean meal, rapeseed meal, sugar, cotton, and other products show bullish signals, while palm oil shows a bearish signal, and the rest oscillate [52][53]. 4.2 Agricultural Products Sector Weekly Pivot Analysis - The pivot points of soybeans and soybean meal are in the middle range. The pivot point of palm oil is 9111 - 9295 yuan/ton, and that of rapeseed oil is 9697 - 9893 yuan/ton, showing strong performance. The technical position of sugar is concentrated in the 5311 - 5560 yuan/ton range, with a relatively convergent fluctuation interval. The pivot points of cotton and cotton yarn show an upward trend. The technical position of pigs has a large span, indicating significant market divergence [58].