This report is provided by MacroTerms.com
Data as of: 2026-10-19 · Settlement: Exchange final daily settlement
Generated: 2026-10-19 07:00:45
· Benchmark settle: 2026-10-16
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions
Commodities Pre-Open Brief 2026-10-19: Oil Backwardation Widens, Gold Holds 4181
1) Oil backwardation widened to 2.39 (WTI) and 3.04 (Brent) as prompt tightness persists (settle 10-16).
2) Gold stabilizes at 4181.1 after a -0.83% weekly close, watching 4239.7 (settle).
3) Copper diverges with managed money cutting length while price rises, key level 6.6215 (settle).
This brief is published in Chinese. The English translation is being prepared.
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