This report is provided by MacroTerms.com
Data as of: 2026-10-14 · Settlement: Exchange final daily settlement
Generated: 2026-10-14 11:29:55
· Benchmark settle: 2026-10-13
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions
Commodities Pre-Open Brief 2026-10-14: Gold Anchored at 4177.3, WTI Backwardation Widens to 0.88
1) Gold settled 4107.9 (-0.32% d/d) with managed money net length cut 9,331 w/w as price rose — a divergence flagging weak sponsorship; watch 4229.23 R1 and 4165.03 S1.
2) WTI settled 94.14 (+0.43% d/d) with backwardation M1-M2 widening to 0.88 and 3:2:1 crack at 65.94 (92nd pct) — prompt tightness persists.
3) Asia open is mixed: WTI +0.66% (Asia) and Nat Gas +3.16% (Asia) leading, silver -0.58% (Asia) lagging; US CPI at 20:30 BJT is the key catalyst.
This brief is published in Chinese. The English translation is being prepared.
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