期货技术分析周报：2026年第1周-20260105

Report Industry Investment Rating No information provided in the content about the report industry investment rating Core Viewpoints - The overall market technical signals of commodity futures show a differentiated pattern. Non-ferrous metals such as alumina and aluminum are bullish; among the black series, iron ore is bullish while rebar is bearish. The signals of energy, chemical, and agricultural products sectors vary, with most varieties showing a sideways trend. Financial futures, including the CSI 500, CSI 1000, SSE 50, and SSE 300 index futures, all show a sideways pattern. Among them, the IC CSI 500 futures are expected to maintain a sideways upward correction in the short term. For treasury bond futures, the 2-year variety shows a sideways trend, while the 5-year, 10-year, and 30-year varieties show bearish signals [1][2] Summary by Directory 1. Non-ferrous and Precious Metals Sector - Precious metals like gold and silver show bearish signals, while others show a sideways trend. In the non-ferrous metal sector, alumina and aluminum show bullish signals, zinc and tin show bearish signals, and the rest are mostly sideways [9] - The long - term upward trend of Shanghai copper is clear, but it may enter a short - term adjustment. The monthly line is in the third wave of the upward phase since 2016, with long - term trends unchanged, but the daily line shows a sideways trend [1][13] 2. Black and Shipping Sector - Iron ore shows a bullish signal, rebar, hot - rolled coil, coke, and ferrosilicon show bearish signals, and the rest are mostly sideways. European - line container shipping shows a bearish signal [18] - Rebar prices have been in a downward channel with a gradually rising center of gravity since October 2021. Currently, technical momentum is insufficient, and it is expected to continue to move sideways above the support range [21] 3. Energy and Chemical Sector - In the energy sector, LPG shows a bullish signal, and low - sulfur fuel oil shows a bearish signal, with others being sideways. In the chemical sector, propylene and polypropylene show bullish signals, while pure benzene and pulp show bearish signals, and the rest are mostly sideways [27] - Methanol has short - term upward momentum, with key resistance in the range of 5300 - 5500 yuan/ton [1][30] 4. Agricultural Products Sector - Soybean No. 1 and sugar show bullish signals, while soybean No. 2, palm oil, rapeseed meal, corn starch, and apples show bearish signals, and the rest are mostly sideways [36] - Sugar prices are under significant short - term bearish pressure, and although there may be a technical rebound due to oversold conditions, the overall downward pattern is difficult to change [1] 5. Stock Index Futures Sector - The SSE 50, CSI 500, CSI 1000, and SSE 300 index futures all show a sideways pattern. The IC CSI 500 futures are expected to maintain a sideways upward correction in the short term, but potential reversal signals need to be monitored [2][47] 6. Treasury Bond Futures Sector - The 2 - year treasury bond futures show a sideways trend, while the 5 - year, 30 - year, and 10 - year treasury bond futures show bearish signals. The 10 - year treasury bond futures are mainly sideways, and attention should be paid to the price trend next week [2][53]