This report is provided by MacroTerms.com

Data as of: 2026-10-11 · Settlement: Exchange final daily settlement
Generated: 2026-10-11 07:06:18 · Benchmark settle: 2026-10-11
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

Commodities Pre-Open Brief 2026-10-11: Brent Holds 104.72 Settle, Copper 6.692, Gold 4216.3

1) Brent settled 104.72 [10-09], a 52W high with M1-M2 backwardation widening to 3.47, but Asia is untested and R1 105.73 is the gate.
2) Copper settled 6.692 (+1.88%) with LME stocks -2,200 MT, yet CFTC shows managed money net -16,924 w/w into a +0.7% price rise.
3) Gold settled 4216.3 (+1.43%) with GVZ 22.79 vs RV20 17.9%, a +4.9 vol-pt event premium into China CPI/PPI on 10-14.