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: 2026-10-09
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

1) Brent at 104.72 (settle 10-09) sits at the 100th percentile of its 1Y range with backwardation widening to 3.47 — prompt tightness is the dominant signal.
2) Gold managed money cut net length 9,331 w/w while price rose 0.18% — a divergence that caps upside conviction.
3) China CPI/PPI and US Core CPI land BJT 10-14 09:30/20:30 — the week's catalyst cluster for HG, CL, ZS and GC, SI.