This report is provided by MacroTerms.com

Data as of: 2026-10-22 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
Generated: 2026-10-22 07:06:37 · Benchmark settle: 2026-10-21
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

2026-10-22 Morning Report: Nickel Strong, Copper Weak, Precious Metals Range-Bound, Glass Dips on Rising Open Interest

Nickel prices broke above the 20-day range midpoint, driven by international markets and capital flows; if they hold above the next pivot R1 122943.33, further upside is expected, while a break below S1 118553.33 would turn the trend bearish. Shanghai copper is consolidating with shrinking volume at the 38.7% level of the 20-day range, pressured by active short-position additions; a break below the next pivot S1 108426.67 would open the door to the 20-day low of 106650, while a recovery above R1 109316.67 would restore upside expectations. Glass was pressured by increased short positions from major players, with prices approaching the 20-day low; a break below the next pivot S1 834.33 would accelerate the decline, while holding above R1 855.33 would signal short-term stabilization.