Platinum price remains affected by conflicting main indicators, forcing it to postpone negative attempts and deliver weak trading, stabilizing from yesterday near the $1800.00 level. We expect that with the barrier at $1865.00 remaining intact and the Stochastic indicator approaching the overbought level, the price will begin activating negative attempts, targeting the $1695.00 level soon, followed by the stable obstacle at $1640.00.

The risk of a trend reversal and the formation of a new path remains possible if the price successfully breaks the resistance extending toward $1925.00 and holds above it. This would enable it to achieve noticeable gains by advancing first toward $1990.00 and $2060.00 respectively.

The expected trading range for today is between $1700.00 and $1840.00.

Trend forecast: Bearish

Domestic coffee prices today

Coffee prices today in the domestic market did not record fluctuations compared to the previous session. The average coffee price reached 89,300 VND/kg.

In Dak Lak, coffee prices are recorded at 89,300 VND/kg. Gia Lai also has the same price of 89,300 VND/kg.

In Lam Dong, today’s coffee price reached 89,000 VND/kg, the lowest among the surveyed localities. Meanwhile, the old Dak Nong area was recorded at 8,900 VND/kg.

Thus, domestic coffee prices currently fluctuate in the range of 89,000-8,900 VND/kg. The highest price in the survey group is 8,900,000 VND/kg in Dak Lak, Gia Lai and the old Dak Nong area.

The USD/VND exchange rate according to Vietcombank was recorded at 26,083 VND/USD, an increase of 10 VND.

World coffee prices

On the London exchange, Robusta coffee futures for July 2026 reached 3,669 USD/ton, up 62 USD/ton, equivalent to 1.72%. September 2026 futures reached 3,598 USD/ton, up 69 USD/ton, equivalent to 1.96%.

Further terms also increased sharply. Robusta November 2026 term reached 3,545 USD/ton, up 79 USD/ton; January 2027 term reached 3,494 USD/ton, up 85 USD/ton; March 2027 term reached 3,459 USD/ton, up 84 USD/ton.

On the New York exchange, Arabica coffee prices increased very strongly. July 2026 futures reached 277.25 US cents/lb, up 14.30 cents/lb, equivalent to 5.44%. September 2026 futures reached 272.80 US cents/lb, up 13.60 cents/lb, equivalent to 5.25%.

For long-term terms, Arabica December 2026 reached 263.60 US cents/lb, up 11.85 cents/lb; March 2027 term reached 259.75 US cents/lb, up 10.60 cents/lb; May 2027 term reached 259.40 US cents/lb, up 10.30 cents/lb.

This development shows that world coffee prices are increasing more strongly than domestic coffee prices. In the session on June 17, Arabica was the group that increased more prominently than Robusta.

Coffee price assessment

World coffee prices rose sharply on Tuesday, both reaching their highest level in about 5 weeks. The main driver came from concerns that prolonged rain in Brazil could slow down coffee harvest progress.

Brazil’s weather is currently a factor closely monitored by the market. Rain during harvesting can disrupt harvesting and drying operations, while increasing the risk of affecting grain quality. This supports coffee prices in the short term, especially Arabica.

Coffee inventories on the ICE exchange decreasing in recent months also contributed to supporting prices. According to Barchart, Arabica inventories on the ICE fell to 396,957 bags on Tuesday, the lowest level in more than 6 months. Meanwhile, Robusta inventories fell to a 2-year low in May, although they increased again to 3,991 lots in the most recent session.

The El Niño factor continues to be mentioned as a risk to supply. If this phenomenon changes rainfall in Brazil during the coffee flowering period in September and October, the next crop prospects may be affected.

However, the upward momentum of coffee prices is still under pressure from the prospect of large supply. USDA/FAS forecasts that Brazil’s coffee production in the 2026/27 crop year may reach 71.9 million bags, an increase of about 14% over the same period. Rabobank also raised its global Arabica surplus forecast to 9.5 million bags, higher than the previous 7 million bags.

On the Robusta side, the increase in Vietnam’s coffee exports is a factor that can limit the price increase momentum. According to statistics from the Statistics Department (Ministry of Finance), Vietnam’s coffee exports in the first 5 months of 2026 reached 922,000 tons, an increase of 7.9% compared to the same period.

In general, coffee prices today in the world market increased sharply thanks to Brazil’s weather risks, low inventories and concerns about El Niño. However, domestic coffee prices remained flat, showing that the domestic market has not fully reflected the upward momentum of the two international exchanges.

Copper price has continued to show mixed sideways trading, affected by its position below the stable resistance at $6.6000, which is limiting the chances of resuming bullish attempts, with repeated fluctuations forming near the $6.4500 level.

We expect that the Stochastic indicator’s attempt to provide negative momentum may lead the price to start forming downward corrective waves, through which it may pressure the $6.2500 level and then attempt to reach the additional support level at $6.1000.

The expected trading range for today is between $5.2500 and $6.6000

Trend forecast: Bearish 

The S&P 500 Index SPY today is down -0.18%, the Dow Jones Industrial Average DIA is up +0.69%, and the Nasdaq 100 Index QQQ is down -0.83%. June E-mini S&P futures (ESM26) are down -0.20%, and June E-mini Nasdaq futures (NQM26) are down -0.85%.

Stock indexes are mixed today, with the Dow Jones Industrials posting a new all-time high. The weakness in energy producers from the plunge in crude oil prices is weighing on the broader market. Also, weakness in software stocks is a drag on the overall market. In addition, today’s weaker-than-expected US housing starts and building permits reports are negative for stocks.

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Stocks are supported as crude oil prices dropped another -3% today to a 3.25-month low, easing inflation expectations and supporting stocks and bonds. Stocks have carryover support from Monday’s surge after the US and Iran agreed to end their war and reopen the Strait of Hormuz, stoking risk-on sentiment in asset markets. The 10-year T-note yield is down -2 bp to 4.45%.

The market’s focus will turn to the 2-day FOMC meeting that begins today, the first under the leadership of new Fed Chair Kevin Warsh. While the Fed is expected to keep interest rates unchanged, the spotlight will be on how Mr. Warsh navigates the post-meeting press conference and the outlook for inflation.

US May housing starts fell -15.4% m/m to a 6-year low of 1.177 million, weaker than expectations of 1.430 million. May building permits, a proxy for future construction, fell -0.7% m/m to 1.413 million, weaker than expectations of 1.418 million.

The US May import price index ex-petroleum rose +0.8% m/m, stronger than expectations of +0.5% m/m.

WTI crude oil prices (CLN26) are down more than -3% today at a 3.25-month low due to the US-Iran deal to reopen the Strait of Hormuz, boosting expectations for a revival in oil supplies. Goldman Sachs today cut its price forecast on Brent crude to $80 a barrel in Q4 of this year, down from $90 a barrel, and said it expects Persian Gulf crude exports to return to pre-war levels by the end of July, one month earlier than previously expected.

The markets are discounting a 4% chance of a +25 bp rate hike at the conclusion of the Tue/Wed FOMC meeting.

Overseas stock markets are mixed today. The Euro Stoxx 50 is up +0.56%. China’s Shanghai Composite fell from a 1.5-week high and closed down -0.11%. Japan’s Nikkei-225 Stock Average rose to a new all-time high and closed up +0.13%.

Interest Rates

September 10-year T-notes (ZNU6) today are up +4.5 ticks, and the 10-year T-note yield is down -2.6 bp to 4.447%. Sep T-notes are moving higher today amid the fall in WTI crude oil to a 3.25-month low, which has reduced inflation expectations and is bullish for T-notes. Also, weaker-than-expected US May housing starts and building permits are supportive of T-notes. In addition, markets are hoping for a less hawkish FOMC meeting this week, given that oil prices should decline over time if the Strait of Hormuz reopens as expected.

European government bond yields are moving lower today. The 10-year German bund yield fell to an 8-week low of 2.920% and is down -1.6 bp to 2.938%. The 10-year UK gilt yield is down -0.8 bp to 4.804%.

Eurozone Q1 labor costs were revised downward to +3.2% y/y from the previously reported +3.4% y/y.

The German Jun ZEW survey expectations of economic growth rose +20.7 to a 4-month high of 10.5, stronger than expectations of -5.5.

Swaps are discounting a 17% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Software stocks are falling today, a negative factor for the overall market. Atlassian Corp TEAM and Palantir Technologies PLTR are down more than -3%, and ServiceNow NOW and Workday WDAY are down more than -2%. Also, Microsoft MSFT, Salesforce CRM, and Oracle ORCL are down more than -1%. In addition, Intuit INTU is down -0.90% and Datadog DDOG is down -0.50%.

Cybersecurity stocks are under pressure today, weighing on the broader market. Zscaler ZS is down more than -3%, and Okta OKTA and Fortinet FTNT are down more than -2%. Also, CrowdStrike Holdings CRWD, Palo Alto Networks PANW, and Cloudflare NET are down more than -1%.

Energy stocks and service providers are moving lower today with WTI crude oil down more than -3% to a 3.25-month low. APA Corp APA and Valero Energy VLO are down more than -2%. Also, Baker Hughes BKR, ConocoPhillips COP, Diamondback Energy FANG, Devon Energy DVN, Haliburton HAL, and Occidental Petroleum OXY are down more than -1%.

Airline stocks and cruise line operators are rallying today as the -3% decline in WTI crude oil prices lowers fuel costs and boosts the profitability prospects for the companies. American Airlines Group AAL and Southwest Airlines LUV are up more than +4%, and Norwegian Cruise Line Holdings NCLH is up more than +2%. Also, Carnival CCCL, Alaska Air Group ALK, and Royal Caribbean Cruises RCL are up more than +1%.

Mining stocks are climbing today with rallies in gold, silver, and copper prices. Newmont Corp NEM, Coeur Mining CDE, and Barrick Mining B are up more than +2%, and Anglogold Ashanti AU is up more than +1%. Also, Hecla Mining HL is up +0.54%, and Freeport McMoRan FCX is up 0.19%.

Space Exploration Technologies SPCX is up more than +7%, adding to the +37% gain over the past two sessions on positive carryover from its record $75 billion initial public offering (IPO) late last week, which was more than four times oversubscribed, indicating strong demand for the stock.

Valmont Industries VMI is up more than +5% after projecting a goal of $5.4 billion in organic net sales and an EPS target of $35 by the end of 2029.

Mobileye Global MBLY is up by more than +3% after announcing plans to expand its robotaxi activities beyond self-driving technology into full ownership of an autonomous ride-hailing business.

Edwards Lifesciences EW is up more than +3% after the US government published a coverage proposal for transcatheter aortic valve replacement, a positive development for the company.

Huntsman HUN is down more than -20% after agreeing to merge with Olin in an all-stock merger of equals.

Huson Pacific Properties HPP is down more than -4% after Bank of America Global Research downgraded the stock to underperform from neutral with a price target of $14.

Dave & Buster’s Entertainment PLAY is down more than -2% after reporting Q1 revenue of $559.2 million, weaker than the consensus of $580.3 million.

Tractor Supply Co TSCO is down more than -2% to lead losers in the S&P 500 after several analysts cut their price targets on the stock.

Earnings Reports(6/16/2026)

John Wiley & Sons Inc (WLY) and La-Z-Boy Inc (LZB).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.For more information please view the Barchart Disclosure Policy here.

Silver prices edged lower on Tuesday as traders took profit after a sharp relief rally driven by the US-Iran peace framework and lower oil prices.

XAGUSD traded near $69.85 in early European dealing, retreating from a weekly high as attention shifted from geopolitics to the Federal Reserve’s policy decision on Wednesday.

The pullback was measured rather than disorderly.

Lower energy prices have eased some inflation concerns, while the dollar remains near recent lows.

Even so, silver still faces a difficult technical setup, with momentum indicators showing that buyers have yet to regain control of the short-term trend.

Fed expectations keep silver supported

The biggest question for silver is whether the Fed sounds less worried about inflation after the fall in oil prices.

The US central bank is widely expected to hold rates in a 3.50% to 3.75% range this week, but the statement and Chair Kevin Warsh’s comments will matter more than the decision itself.

Silver, like gold, does not pay interest. That makes it sensitive to shifts in rate expectations and the dollar.

Traders have cut the probability of a December US rate hike to about 58%, from nearly 70% last week, according to CME FedWatch data.

Edward Meir, an analyst at Marex, told Reuters that a dovish signal from Warsh could weaken the dollar and trigger another rally in precious metals.

The same logic applies to silver, especially after Monday’s strong rebound.

Peace deal limits the downside

The US-Iran framework has also helped improve sentiment across commodities.

The proposed reopening of the Strait of Hormuz has pushed oil lower, easing fears that energy costs will keep inflation elevated for longer.

That has offered a cushion to silver, even as traders lock in gains. A lower oil price reduces pressure on central banks to tighten further, which is generally supportive for non-yielding assets.

Still, markets are not treating the deal as risk-free.

Details of the agreement remain limited, and investors are waiting to see whether shipping through Hormuz can return safely and predictably. Any setback in talks could bring back demand for havens, but it could also revive inflation fears if crude prices jump again.

Technical picture stays fragile

Silver’s chart still points to caution.

The metal remains below the Bollinger Bands’ 20-day simple moving average and the 100-day simple moving average, keeping the broader bias tilted lower.

The relative strength index is also below the midline, suggesting weak momentum rather than a clear bullish turn.

The first resistance sits near $72.25. A move above that level could open the way to $74.14, followed by the 100-day SMA near $78.55 and the upper Bollinger band around $80.72.

On the downside, $63.80 remains the main support area to watch. Until silver clears nearby resistance, rallies may continue to face selling pressure.