股指期货将偏弱震荡，白银、铂、钯期货将再创上市以来新高，铂、钯、焦煤、玻璃、纯碱期货将震荡偏强

Report Industry Investment Rating No relevant content provided. Core View of the Report Through macro - fundamental analysis and technical analysis such as the golden section line, horizontal line, and moving average, the report predicts the trend of various futures contracts on December 18, 2025, including the weak and volatile trend of stock index futures, the strong and volatile trend of most other futures contracts, and the expectation that silver, platinum, and palladium futures will reach new highs since listing [2][3]. Summary by Related Catalogs 1. Futures Market Outlook - Stock index futures are likely to be weakly volatile. For example, IF2512 has resistance levels at 4614 and 4653 points and support levels at 4535 and 4490 points [2]. - Ten - year and thirty - year treasury bond futures are likely to be strongly volatile. The ten - year T2603 has resistance levels at 108.07 and 108.22 yuan and support levels at 107.90 and 107.80 yuan; the thirty - year TL2603 has resistance levels at 112.4 and 112.7 yuan and support levels at 111.7 and 111.5 yuan [3]. - Gold, silver, platinum, and palladium futures are likely to be strongly volatile. Silver, platinum, and palladium futures are expected to reach new highs since listing. For instance, the silver AG2602 will attack resistance levels at 15800 and 16300 yuan/kg [3]. - Most base metal and energy futures are likely to be strongly volatile, such as copper, aluminum, and iron ore futures [4][5]. 2. Macro News and Trading Tips - In the "14th Five - Year Plan" starting year, the moderately loose monetary policy aims to promote economic growth and price recovery. Market institutions expect a 0.5 - percentage - point cut in the reserve requirement ratio and a 0.1 - percentage - point cut in interest rates next year [8]. - From January to November this year, the national fiscal revenue was 20.05 trillion yuan, a year - on - year increase of 0.8%. The national tax revenue was 16.48 trillion yuan, a 1.8% increase; the securities trading stamp tax revenue was 185.5 billion yuan, a 70.7% increase [8]. - Hainan Free Trade Port officially launched the full - island customs closure operation on December 18 [9]. - The Fed still has 50 to 100 basis points of interest - rate cut space [9]. 3. Commodity Futures - Related Information - On December 17, the platinum futures on the Guangzhou Futures Exchange hit the daily limit again, and the palladium futures hit the daily limit for the first time. The lithium carbonate futures rose nearly 8% [9]. - The IEA reported that global coal demand increased by 0.5% in 2025, reaching a record 8.85 billion tons, but demand has entered a plateau [10]. - On December 17, the US oil futures rose 2.92% to $56.74 per barrel, and Brent crude futures rose 2.85% to $60.6 per barrel [10]. 4. Futures Market Analysis and Outlook - Stock index futures: On December 17, the main contracts of various stock index futures showed a trend of first falling and then rising. For example, IF2512 closed at 4578.2 points, up 1.86% [12]. - Treasury bond futures: On December 17, the main contracts of treasury bond futures closed higher. The 30 - year main contract rose 0.63%, and the 10 - year main contract rose 0.10% [32]. - Gold futures: On December 17, the main contract AU2602 closed at 979.72 yuan/g, up 0.42%. It is expected to be strongly volatile in December [38]. - Silver futures: On December 17, the main contract AG2602 closed at 15512 yuan/kg, up 5.05%. It reached a new high since listing. It is expected to continue to rise and reach new highs [47]. - Platinum and palladium futures: On December 17, both platinum and palladium futures hit the daily limit. They are expected to continue to rise and reach new highs on December 18 [54][55]. - Other futures: Contracts such as copper, aluminum, and iron ore futures also had corresponding price movements on December 17, and their trends for December 18 were predicted [59][64][97].