This report is provided by MacroTerms.com

Data as of: 2026-10-19 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
Generated: 2026-10-19 07:06:55 · Benchmark settle: 2026-10-16
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

2026-10-19 Morning Report: Precious Metals Night Session Rebounds, Black Series Diverges, Crude Oil Geopolitical Premium Persists

The resonance of a strong US dollar and safe-haven sentiment ahead of CPI data drove a collective adjustment in precious metals and non-ferrous metals, but the night session's geopolitical premium repaired crude oil and some black series varieties, forming a clear sector divergence pattern. If gold breaks below the 883.8 support level, it will target 870; if it holds above 905, it may recover to 915. Silver, with higher volatility, if it breaks below 13426.67 will target 13200; if it holds above 13946.67, it will target 14200. Crude oil was supported by geopolitical premium in the night session, closing at 739.8; WTI broke through $100, and SC, if it holds above 741, will target 760, while a break below 695 will retest 675. The black series diverged: rebar settlement at 3072 is near the 20-day lower band of 3053, the rebar-hot rolled coil spread of 168 yuan is at the 4th percentile, capping hot rolled coil; if rebar loses 3054, it will target 3020, and if hot rolled coil's rebound to 3257 is blocked, it will target 3220.