股指期货将震荡整理，黄金、白银期货将偏强震荡，碳酸锂期货将震荡偏强，原油、燃料油期货将震荡偏弱

Report Industry Investment Rating No relevant content provided. Core Viewpoints - Through macro - fundamental and technical analysis, the report predicts the trend of today's futures main contracts. For example, stock index futures will likely fluctuate and consolidate; gold and silver futures will likely show a strong - side fluctuation; lithium carbonate futures will likely fluctuate with an upward bias; crude oil and fuel oil futures will likely fluctuate with a downward bias [1][2][3][6]. Summary by Related Catalogs Futures Market Outlook - Stock Index Futures: On November 19, 2025, IF2512, IH2512, IC2512, and IM2512 had different intraday performances. It is expected that on November 20, they will likely fluctuate and consolidate, with specific resistance and support levels provided. Also, it is expected that in November 2025, these contracts will likely have a wide - range fluctuation [12][13][14][18]. - Treasury Bond Futures: On November 19, ten - year and thirty - year treasury bond futures main contracts declined. It is expected that on November 20, the T2512 and TL2512 contracts will likely have a wide - range fluctuation, with corresponding support and resistance levels [35][36][38][40][41]. - Precious Metal Futures: On November 19, gold and silver futures new main contracts showed a strong - side upward trend. It is expected that in November 2025, the main continuous contracts will likely have a strong - side wide - range fluctuation. On November 20, the AU2602 and AG2602 contracts will likely show a strong - side fluctuation and attack resistance levels [44][48]. - Base Metal Futures: On November 19, copper, aluminum, and other base metal futures main contracts had different trends. Different trends are expected for November 20 and November 2025, such as copper futures will likely show a strong - side fluctuation on November 20 [52][59]. - Energy and Chemical Futures: On November 19, crude oil and fuel oil futures main contracts had certain price movements. It is expected that on November 20, they will likely fluctuate with a downward bias. Other energy and chemical futures like PTA and PVC also have corresponding predicted trends [99][105][108][110]. - Building Materials and Steel Futures: On November 19, steel - related futures such as rebar, hot - rolled coil, and iron ore had different trends. It is expected that on November 20, they will likely fluctuate with a downward bias, and different trends are predicted for November 2025 [77][80][82]. Macro News and Trading Tips - Domestic and international macro - events include government officials' research, international relations, and central bank policies. For example, the Fed's policy meeting minutes show a divergence among decision - makers on interest rate cuts [7][8]. - In the commodity futures market, on November 19, international precious metal futures generally rose, while oil futures declined. Base metals in London mostly rose [9][10][11]. Stock Market Information - On November 19, the A - share market had mixed performances, with the Shanghai Composite Index rising slightly, and the Hong Kong stock market and US stock market also had different trends. Some foreign institutions are optimistic about the long - term allocation value of the Chinese stock market, and there is a new case of M&A in the A - share brokerage industry [14][15][16].