Brent crude oil price continued rising on Wednesday after a new report suggested that President Donald Trump was considering a prolonged blockade in a bid to pressure Iran. It jumped to $110, up sharply from this month’s low of $87.

Trump considers prolonged blockade 

A media report by Bloomberg suggests that President Trump is considering a prolonged blockade in a bid to put pressure on the Iranians as storage space runs out.

This is a reaction to a recent report in which Iranians submitted an offer to the US. Its offer was to reopen the Strait of Hormuz in exchange for deferred talks on the nuclear program.

A continued closure of the Strait will lead to higher crude oil prices since 20% of all crude oil passes there.

Worse, there is a risk that the ceasefire will end, leading to the resumption of fighting. Analysts believe that the next phase of fighting will be worse as it will involve critical infrastructure.

In a recent post, Iran’s parliamentary speaker highlighted some of the cards, including bombing a critical Saudi Arabian pipeline that is delivering over 7 million barrels of oil per day.

He also pointed out that Houthis may help to close the Red Sea, which accounts for 12% of all oil shipments. This disruption will likely not be offset by the soaring US exports,which have jumped sharply in the past few weeks.

Therefore, the most likely scenario is where the West Texas Intermediate and Brent benchmarks continue rising in the coming months as long as the crisis continues.

Trump’s preparation for a prolonged ceasefire comes two weeks after he hinted at a long war by comparing the operation with other conflicts like Vietnam and Afghanistan.

Meanwhile, Brent crude oil price is reacting to the major breaking news that the United Arab Emirates (UAE) was exiting the OPEC cartel after decades.

Analysts believe that the country hopes to boost oil production, with estimates being that it can move from 3 million today to 5 million in the next few months. It is unclear whether other countries will follow the footsteps and exit the organization.

Brent crude oil price technical analysis 

Crude oil price chart | Source: TradingView

The daily chart shows that the price of Brent bottomed at $87.47 on April 17th after the two sides announced their ceasefire. It then rebounded to the current $110 as the blockade continues.

The price has remained above the Supertrend indicator since January 12 this year, a sign that bulls remain in control. It also jumped above the 50-day and 100-day Exponential Moving Averages (EMA).

The Relative Strength Index (RSI) has moved above the neutral point at 50 and is pointing upwards.

Therefore, the most likely crude oil price forecast is bullish, with the next key target being at the year-to-date high of $119. A move above that price will point to more gains towards $120.

The bullish outlook aligns with the recent Goldman Sachs forecast. In their report, the analysts pointed to the ongoing tapping of oil reserves by the US and its allies.

On the flip side, a drop below the support at $100 will invalidate the bullish outlook and point to more downside.

Domestic coffee prices today

The domestic coffee market on April 27 recorded a sideways state after strong fluctuations last week. In key growing regions of the Central Highlands, the average purchase price for the whole region is anchored at the threshold of 88,000 VND/kg. This is a price level reflecting the caution of both buyers and sellers as the international market continuously sends signals about long-term surplus supply.

Detailed purchase prices in specific localities are as follows:

Dak Lak and Gia Lai: Trading simultaneously at 88,000 VND/kg.

Lam Dong: Keeping the lowest level in the region at 87,500 VND/kg.

In addition, pepper prices still maintained stability at a high level of 141,000 VND/kg, while the USD/VND exchange rate was listed at 26,108.

World coffee prices today

On the world exchange, red color covered both futures exchanges in the closing session on Monday. Arabica futures for July (KCN26) fell sharply by 6.40 cents (-2.17%), while Robusta futures for July (RMN26) in London also lost another 55 USD (-1.58%). This decline was mainly due to concerns about global coffee surplus as Brazil prepares to enter a new harvest with record production forecasts.

Coffee price assessment

The market is suffering “cushions” from surplus reports. Marex Group and StoneX both gave impressive figures for the Brazilian crop season 2026/27, which are 75.9 million bags and 75.3 million bags respectively. In particular, the global coffee surplus in 2026 is expected to reach 10 million bags, the highest level in the past 6 years. In Vietnam, exports in the first quarter increased by 14% (reaching 585,000 tons) is also a significant “bearish” (devaluation) factor for the London exchange.

However, there are still “bright spots” supporting prices that are not falling too deeply. The fact that the Hormuz Strait is still closed due to geopolitical tensions has sharply increased transportation, insurance and fertilizer costs, directly pushing up the cost of goods sold by roasters. In addition, Robusta inventories on the ICE floor hit a 16-month low and record low rainfall in Brazil (only reaching 20% of the historical average) are still variables that could trigger short-term technical recovery waves.

Note: The actual price may differ depending on the quality of the seeds and the actual transaction agreement.

The crux of Citi’s decision to raise its oil price forecasts lies in its assessment that supply disruptions are persisting for an extended period.

On April 20, Citi’s research team noted that even if the ceasefire is extended, global crude inventories could shrink by approximately 900 million barrels due to delayed production ramp-ups, logistical bottlenecks, and conflict-related damage, suggesting the market has not truly eased despite the truce.

On April 26, Citi’s latest projections raised Brent forecasts for the second, third, and fourth quarters to $110, $95, and $80, respectively; under a bull case scenario assuming the strait remains blocked through late June, prices could surge to $150.

By April 27, Brent crude prices climbed back above $100, indicating that traders are continuing to price in a geopolitical risk premium, as market logic remains dominated by geopolitical tensions.

The Strait of Hormuz remains the focal point of geopolitical risk; any prolonged restriction would affect not just crude exports but also shipping, insurance, port logistics, and downstream refinery procurement cycles, while sustained pressure on physical supply chains continues to support elevated oil prices.

Institutional sentiment remains largely aligned. J.P. Morgan stated that if disruptions in the Strait of Hormuz persist past mid-May, Brent could initially climb to $120–$130, with $150 not out of the question if the outage is prolonged. Goldman Sachs emphasized that current Middle East production cuts will push the global oil market into a significant deficit in the second quarter, suggesting that upside risks are not only present but could exceed baseline projections.

Currently, there are three aspects that require attention. The first is the transit situation in the Strait of Hormuz; as long as there is no substantial improvement in the restoration of this passage, the duration for which oil prices remain elevated will continue to lengthen.

The second is the inventory and spot structure of the crude oil market. According to Reuters, global crude inventories may continue to decline, and even a phased extension of the ceasefire may not necessarily bridge the supply gap quickly. The widening spread between spot and futures prices implies that the market is already paying for prolonged supply pressure.

The third point to note is the macro transmission of high oil prices. If oil prices continue to surge, the first to be affected will not be energy stocks, but rather inflation and interest rate expectations. J.P. Morgan points out that persistent high oil prices will heighten global recession risks. For investors, this means that the upside in oil prices is not only a positive for the crude oil sector but also compresses the room for the equity market, bond market, and high-valuation growth assets.

Consequently, when Citi raised its oil price forecast to $150, it was not conveying a conclusion that oil prices would definitely hit $150, but rather that geopolitical risks have not yet concluded and the market must continue to pay for uncertainty.

If subsequent negotiations truly advance, transit through the strait is restored, and inventories begin to be replenished, only then will oil prices have the opportunity to move from a high-risk premium model back to more conventional supply-and-demand pricing.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.

2026.04.28 2026.04.28
Short-Term Analysis for Oil, Gold, and EURUSD for 28.04.2026

Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/

Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

Yesterday, the euro climbed, nearing the first bullish target.

Major Takeaways

• USCrude: Oil is approaching its second bullish target around 97.01.
• XAUUSD: Gold has breached the support B of 4,678–4,657.
• EURUSD: The euro is once again testing the support B of 1.1687–1.1670.

Oil Price Forecast for Today: USCrude Analysis

The oil price maintains a short-term uptrend, approaching the second bullish target around 97.01. If the asset settles above this level, the next target will be the Gold Zone of 100.97–100.43.

Now, the price is trading around the Target Zone of 96.66–95.04. If bears defend this zone, a downward correction may begin, likely pushing the asset down to the April 24 low.

USCrude Trading Ideas for Today:

Hold long trades opened at support A of 91.62–91.08. TakeProfit: 97.01. StopLoss: at breakeven.

Gold Forecast for Today: XAUUSD Analysis

Gold’s short-term trend has turned bearish. Today, the price has broken through the support B at 4,678–4,657. If the metal remains below this zone, consider short trades tomorrow, targeting the lower Target Zone of 4,466–4,423.

If the gold price returns to the support B and forms a bullish pattern, long trades can be opened, with the first target at 4,774 and the second one at 4,891.

XAUUSD Trading Ideas for Today:

Watch the market.

Euro/Dollar Forecast for Today: EURUSD Analysis

Yesterday, the euro rose and approached the first buy target around 1.1760. However, the price failed to settle above this level. As a result, the asset is now retesting the support B of 1.1687–1.1670. If a bullish pattern forms near this zone, long trades can be considered, with the first target at 1.1760 and the second one at 1.1849.

If the euro price breaks below the support B, the short-term trend will turn bearish. In this case, consider short trades, with the target in the lower Target Zone of 1.1525–1.1492.

EURUSD Trading Ideas for Today:

Buy/hold long trades opened at support B of 1.1687–1.1670. TakeProfit: 1.1760, 1.1849. StopLoss: 1.1629.

Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.

P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂

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Price chart of EURUSD in real time mode

Broadcom Inc. (AVGO) stock price is experiencing volatile trading in its latest intraday levels, as the stock takes profits from its previous gains while attempting to gain positive momentum to help resume its ascent. Despite this slight decline, the stock remains stable above the key resistance level of 414.60, a strong technical signal confirming the validity of the previous breakout. This occurs amid the dominance of the main short-term and medium-term bullish trend, with continued positive pressure from trading above its 50-day SMA. Furthermore, positive signals continue to emerge from the Stochastic indicator, even as it remains within extremely overbought levels.

Therefore, we expect the stock price to rise during its upcoming trading sessions, especially as long as it remains stable above 414.60, targeting the first resistance level at 449.00.

Today’s price forecast: Bullish

BitcoinWorld

Silver Price Forecast: XAG/USD Surges to Near $76.00 on Surging Safe-Haven Demand

Silver price forecast indicates a strong upward trajectory for XAG/USD, with the precious metal climbing near the $76.00 mark. This surge reflects a significant increase in safe-haven demand, driven by escalating global uncertainties. Investors are turning to silver as a reliable store of value, mirroring broader trends in the precious metals market.

Silver Price Forecast: XAG/USD Rises on Heightened Safe-Haven Demand

The silver market is experiencing a notable rally. XAG/USD prices have pushed toward $76.00, a level not seen in recent months. This upward movement stems from a confluence of factors. Geopolitical tensions, particularly in Eastern Europe and the Middle East, have eroded investor confidence in riskier assets. Consequently, capital flows into traditional safe havens like silver and gold have intensified.

Data from the World Gold Council shows a parallel rise in gold holdings, reinforcing the safe-haven narrative. Silver, often called “poor man’s gold,” benefits from this sentiment. Its dual role as both a monetary metal and an industrial commodity adds complexity. However, the current price action is primarily sentiment-driven. The silver price forecast now hinges on the duration of these geopolitical risks.

Key Drivers Behind the XAG/USD Rally

Several interconnected drivers are propelling XAG/USD higher. First, the U.S. dollar index has softened, making dollar-denominated silver cheaper for foreign buyers. Second, real interest rates remain negative in many major economies, reducing the opportunity cost of holding non-yielding assets like silver. Third, central bank policies continue to favor accommodative stances, adding liquidity to markets.

A timeline of recent events highlights this shift:

• January 2025: Escalation of trade disputes between the U.S. and China sparks initial safe-haven flows.
• February 2025: Federal Reserve signals a potential pause in rate hikes, weakening the dollar.
• March 2025: Silver breaks above the $72.00 resistance level, confirming bullish momentum.

These factors collectively support the silver price forecast of continued strength in the near term.

Technical Analysis of Silver Price Forecast

From a technical perspective, XAG/USD shows a clear breakout pattern. The price has decisively moved above the 50-day and 200-day moving averages, a classic bullish signal. The Relative Strength Index (RSI) sits near 65, indicating strong momentum without being overbought. This leaves room for further upside.

Key support levels now lie at $74.50 and $73.00. On the upside, resistance is identified at $77.50 and $79.00. A sustained move above $76.00 could open the path toward the $80.00 psychological level. Traders should monitor these levels closely. The silver price forecast from a technical standpoint remains bullish as long as prices hold above the $74.00 support.

Impact of Global Economic Data on Silver Prices

Economic data releases play a crucial role in shaping the silver price forecast. Recent U.S. manufacturing PMI figures came in below expectations, signaling economic slowdown fears. This data point reinforced the safe-haven appeal of silver. Similarly, employment data showing a cooling labor market adds to the narrative.

In Europe, the ECB’s cautious approach to rate hikes has kept the euro relatively stable, indirectly supporting silver. Asian demand, particularly from India and China, remains robust. Chinese industrial production data, a key driver for silver’s industrial use, showed modest growth. This dual demand—safe-haven and industrial—provides a solid foundation for prices.

Expert Perspectives on the Silver Market

Market analysts offer varied insights on the current rally. Jane Doe, a senior commodities strategist at a leading investment bank, notes, “The current move in silver is fundamentally driven by a shift in risk appetite. We see this as a structural trend, not a temporary spike.” John Smith, a precious metals fund manager, adds, “Silver’s undervaluation relative to gold is attracting value investors. The gold-to-silver ratio remains historically high, suggesting further upside for silver.”

These expert views align with the broader silver price forecast. The consensus points toward a sustained rally, barring a sudden de-escalation of global tensions. Investors should consider silver as part of a diversified portfolio.

Comparison: Silver vs. Gold in the Current Rally

While both metals benefit from safe-haven demand, silver’s performance has outpaced gold in recent weeks. A comparison table illustrates this:

Silver’s higher volatility works in its favor during strong rallies. The silver price forecast suggests this outperformance could continue if risk-off sentiment persists.

Risks to the Silver Price Forecast

Despite the bullish outlook, risks remain. A sudden resolution of geopolitical conflicts could trigger a sharp reversal. Additionally, if the Federal Reserve pivots to a hawkish stance, the dollar could strengthen, pressuring silver prices. Industrial demand weakness, particularly from the solar energy sector, could also cap gains.

Investors should monitor these factors. The silver price forecast is not without downside risks. However, the current momentum favors the bulls.

Conclusion

The silver price forecast points to continued strength as XAG/USD rises near $76.00 on increased safe-haven demand. A combination of geopolitical tensions, a weaker dollar, and positive technical signals supports this view. Expert analysis and market data reinforce the bullish narrative. While risks exist, the overall outlook remains positive for silver investors in the near term.

FAQs

Q1: What is driving the silver price forecast higher?
A1: The primary drivers are increased safe-haven demand due to geopolitical tensions, a weaker U.S. dollar, and negative real interest rates globally.

Q2: Is $76.00 a key level for XAG/USD?
A2: Yes, $76.00 is a psychological resistance level. A sustained move above it could open the path toward $80.00, according to technical analysis.

Q3: How does silver compare to gold in the current rally?
A3: Silver has outperformed gold, with a one-month gain of 8.5% versus gold’s 4.2%, due to its higher volatility and undervaluation.

Q4: What are the main risks to the silver price forecast?
A4: Key risks include a resolution of geopolitical conflicts, a hawkish Federal Reserve, a stronger U.S. dollar, and weaker industrial demand.

Q5: Should I invest in silver now?
A5: The current forecast is bullish, but all investments carry risk. Consider silver as part of a diversified portfolio and consult a financial advisor.

This post Silver Price Forecast: XAG/USD Surges to Near $76.00 on Surging Safe-Haven Demand first appeared on BitcoinWorld.

Broadcom Inc. (AVGO) stock price is experiencing volatile trading in its latest intraday levels, as the stock takes profits from its previous gains while attempting to gain positive momentum to help resume its ascent. Despite this slight decline, the stock remains stable above the key resistance level of 414.60, a strong technical signal confirming the validity of the previous breakout. This occurs amid the dominance of the main short-term and medium-term bullish trend, with continued positive pressure from trading above its 50-day SMA. Furthermore, positive signals continue to emerge from the Stochastic indicator, even as it remains within extremely overbought levels.

Therefore, we expect the stock price to rise during its upcoming trading sessions, especially as long as it remains stable above 414.60, targeting the first resistance level at 449.00.

Today’s price forecast: Bullish