股指期货将震荡整理，黄金期货将震荡整理，白银期货将震荡偏强，铂、钯、焦煤、燃料油期货将震荡偏弱

Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. Core Viewpoints - Through macro - fundamental and technical analysis, the report predicts the trends, resistance, and support levels of various futures contracts on January 27, 2026, and the trends of the main continuous contracts in January 2026 [2][4]. Summary by Related Catalogs Futures Market Outlook - January 27, 2026: Index futures will oscillate and consolidate; gold futures will oscillate widely; silver futures will oscillate strongly; platinum, palladium, coking coal, and fuel oil futures will oscillate weakly; copper, nickel, tin, and palm oil futures will oscillate strongly; glass, soda ash, crude oil, and methanol futures will oscillate weakly; lithium carbonate and butadiene futures will oscillate strongly and widely [2]. - January 2026: Index futures (IF, IH, IC, IM) will oscillate strongly; gold, silver, platinum, copper, tin, and lithium carbonate futures will oscillate strongly and may hit new highs; coking coal futures will oscillate widely; glass and soda ash futures will oscillate weakly and widely; crude oil futures will oscillate strongly and widely [4]. Macro News and Trading Tips - Diplomatic reminder: Chinese citizens are advised to avoid traveling to Japan during the Spring Festival due to safety concerns. Multiple airlines have extended the free refund and rescheduling policy for Japan - bound flights [5]. - Policy promotion: Policies to cultivate new growth points in service consumption will be introduced, including measures to expand inbound consumption, build national digital trade demonstration zones, and promote consumption of large - durable goods [5]. - Central bank actions: The central bank emphasizes expanding the scope of macro - prudential policies and supporting the Hong Kong Monetary Authority to double the RMB business fund arrangement [5][6]. - International trade: The US threatens to impose a 100% tariff on Canadian imports if Canada reaches a new trade agreement with China. The EU approves a ban on Russian natural gas imports [6][10]. - Market data: In 2025, domestic residents' travel volume increased by 16.2% year - on - year, and travel spending increased by 9.5%. The probability of a US government shutdown by the end of January has soared [7]. Commodity Futures Information - On January 26, 2026, precious metals fluctuated sharply. COMEX silver and gold initially rose significantly but then declined. London base metals mostly rose, and oil prices fell slightly [8][9][10]. - Exchanges took measures to cool the commodity futures market, including adjusting trading limits and margin ratios [9]. - Hong Kong plans to increase gold storage and establish a gold central clearing system [9]. - OPEC + is expected to continue the current production policy [9]. Futures Market Analysis and Outlook - Index Futures: On January 26, 2026, the performance of various index futures contracts was mixed. The market is expected to oscillate and consolidate on January 27, 2026, and the main continuous contracts in January 2026 will mostly oscillate strongly [11][12][15][16]. - Precious Metal Futures: Gold, silver, platinum, and palladium futures showed strong upward trends on January 26, 2026. They are expected to oscillate strongly in January 2026 and may hit new highs. On January 27, 2026, gold will oscillate widely, silver will oscillate strongly, and platinum and palladium will oscillate weakly [35][41][49][52]. - Base Metal Futures: Copper, nickel, and tin futures showed different trends on January 26, 2026. They are expected to oscillate strongly in January 2026 and may hit new highs. On January 27, 2026, they will mostly oscillate strongly [58][63][68]. - Energy and Chemical Futures: Coking coal, glass, soda ash, crude oil, fuel oil, and methanol futures showed different trends on January 26, 2026. They are expected to have different trends in January 2026 and on January 27, 2026, with some oscillating weakly and some oscillating strongly [77][80][84][87][93]. - Agricultural Futures: Palm oil and butadiene futures showed strong upward trends on January 26, 2026. They are expected to oscillate strongly on January 27, 2026 [96][100].