期货技术分析周报：2025年第51周-20251214

Report Industry Investment Rating The report does not explicitly mention an overall industry investment rating. However, it provides individual ratings for different futures sectors, including "strongly bullish", "bullish", "neutral (sideways)", "bearish", and "strongly bearish" [1][2]. Core Viewpoints The overall market shows structural differentiation. Different futures sectors have different trends, and investors need to combine technical signals and exercise caution. For example, in commodity futures, precious metals, non - ferrous metals, black metals, energy, chemicals, and agricultural products have different outlooks; in financial futures, stock index futures and treasury bond futures also show different trends [1][2]. Summary by Directory 1. Non - ferrous and Precious Metal Sector - Gold and palladium in the precious metal sub - sector show bullish signals, while silver and platinum are sideways. In the non - ferrous sub - sector, aluminum, zinc, and aluminum alloy are bullish, nickel is bearish, and the rest are sideways [9]. - For Shanghai copper (CU2601), the medium - to - long - term upward trend remains intact, but there may be short - term adjustments. The resistance on the weekly line is in the range of 93,800 - 94,700 yuan/ton, and the support is around 91,000 yuan/ton [11]. 2. Black and Shipping Sector - Manganese silicon and ferrosilicon show bullish signals, rebar and wire rod show bearish signals, and the rest of the black series and European container shipping are sideways [19]. - For rebar (RB2601), the price dropped significantly this week. The MA60 moving average is a pressure level. The price has returned to the downward channel, and the expected upward momentum is limited. The resistance is in the range of 3,200 - 3,250 yuan/ton [22]. 3. Energy and Chemical Sector - In the energy sub - sector, fuel oil and low - sulfur fuel oil are bullish, LPG is bearish, and the rest are sideways. In the chemical sub - sector, synthetic rubber and ethylene glycol are bullish, and the rest are mostly sideways [29]. - For methanol (MA601), the price was relatively flat this week. The trading volume and open interest decreased significantly. The short - term price is expected to be in a sideways consolidation state, and long - position holders need to pay attention to position management [33]. 4. Agricultural Product Sector - Peanuts, soybean meal, and live pigs show bullish signals, while palm oil, rapeseed oil, corn, red dates, and soybean oil show bearish signals, and the rest are sideways [38]. - For sugar (SR605), the price dropped this week and hit a new low. The short - term price may fluctuate sideways or have a certain upward correction, and investors need to pay attention to position management [43]. 5. Stock Index Futures Sector - Shanghai 50 futures, CSI 300 futures, and CSI 500 futures show bullish signals, among which Shanghai 50 and CSI 300 futures show strongly bullish signals, and CSI 1000 is sideways [49]. - For IC CSI 500 futures, the short - term price has some upward momentum, but the medium - term price is expected to be sideways, and the upward space is limited. Investors need to pay attention to position management [51]. 6. Treasury Bond Futures Sector - 2 - year and 10 - year treasury bond futures show sideways signals, while 5 - year and 30 - year treasury bond futures show bearish signals [56]. - For T 10 - year treasury bond futures, the price is under downward pressure in the short term. The support range is between 107.06 - 107.39, but the support strength is weak. If the price rises above the MA250 moving average, it may enter a high - level sideways state [58].