Platinum price forced to provide mixed trading after reaching $2093.00 level, due to the contradiction of the main indicators, specifically by stochastic exit from the overbought level, however, this won’t affect the bullish scenario due to its stability above the moving average 55, reinforcing the stability of the extra support at $1950.00.

Gathering extra positive momentum is important for breaching $2080.00 barrier, to begin targeting new positive stations that might begin at $2130.00 reaching the next resistance at $2205.00.

The expected trading range for today is between $1970.00 and $2130.00

Trend forecast: Bullish

Domestic coffee prices

The domestic coffee market this morning, April 9, recorded green again after a series of consecutive declines.

According to surveys in key growing areas of the Central Highlands, coffee prices simultaneously increased from 600 to 700 VND/kg, bringing the average price level of the whole region to the threshold of 85,900 VND/kg.

In Dak Nong province (old), the purchase price recorded an increase of 700 VND, pushing the price to the highest level in the region at 86,000 VND/kg.

Dak Lak and Gia Lai localities both had an increase of 600 VND, currently trading stably at the 85,800 VND/kg mark.

In Lam Dong province alone, coffee prices also recovered by 600 VND, currently listed at 85,300 VND/kg.

World coffee prices

On the international market, futures exchanges also recorded positive changes in last night’s trading session. The New York Stock Exchange led the upward momentum when the price of Arabica futures for May 2026 surged 7.95 cents (equivalent to 2.78%), closing at 294.05 cents/lb.

At the same time, the London exchange also witnessed the Robusta flush recover slightly by an additional 13 USD (equivalent to 0.39%), closing the session at 3,328 USD/ton. The main driving force for the coffee price to break through came from the fact that the Brazilian Real unexpectedly increased sharply to the highest level in 23 months against the USD. The strengthening of the Brazilian domestic currency has directly limited export sales activities from farmers in this country, and at the same time triggered a wave of short buys from speculative funds on the exchange.

Market outlook

In addition to the exchange rate factor, the market also received support from reports of a decrease in actual supply. The Brazilian Ministry of Commerce has just released data showing that coffee exports of this country in March decreased by 31% compared to the same period last year, reaching only about 151,000 tons.

For the Robusta line, the inventory shortage monitored by the ICE exchange continued to tighten when it fell to its lowest level in 3.75 months, with only 4,005 lots left. This information has temporarily eased the oversupply pressure that has weighed heavily on the market for the past two weeks.

However, the recovery momentum still faces major resistance from long-term macroeconomic forecasts. StoneX organization gave a cautious assessment when saying that the global coffee surplus in 2026 will expand to 10 million bags, marking the largest surplus in the last 6 years.

The prospect of a “super crop” in Brazil with expected output reaching a record 75.9 million bags from Marex Group Plc is still the main factor holding back Arabica prices. In Vietnam, the growth momentum of coffee exports in the first quarter reached 14% (equivalent to 585,000 tons) is also a barrier that prevents Robusta prices from breaking through too strongly.

In the current context, geopolitical and weather factors still play a role as price supporting variables. The continued closure of the Strait of Hormuz is still putting pressure on shipping costs, insurance and fuel costs for global roasters.

In addition, rainfall in key farming areas of Brazil such as Minas Gerais last week only reached 47% of the historical average, raising concerns about actual yield compared to theoretical figures on paper.

The actual price at the purchasing yards may differ depending on the quality of the seeds and the actual transaction agreement.

World oil prices today

World gasoline and oil prices fluctuated sharply. At the end of yesterday’s trading session, WTI oil prices decreased by 16.41%, and Brent oil decreased by 13.29%.

By this morning’s session, both oil commodities reversed to increase. At 7:30 am (Vietnam time), WTI crude oil price was at 97.04 USD/barrel, up 2.63 USD/barrel, equivalent to an increase of 2.79 percent. WTI oil closed the previous trading session at 94.41 USD/barrel and opened today’s session at 96.63 USD/barrel.

Brent oil price was at 97.10 USD/barrel, up 0.715 USD/barrel, equivalent to an increase of 0.74%. Brent oil price closed the previous trading session at 96.30 USD/barrel and opened today’s session at 96.40 USD/barrel.

According to analysts, developments related to the Strait of Hormuz are causing strong fluctuations in world oil prices.

After President Donald Trump announced a 2-week postponement of Iran’s civilian infrastructure attack plan, oil prices fluctuated sharply. This move was described by him as part of a “two-way ceasefire agreement”, depending on Iran reopening the Strait of Hormuz.

The US has received a 10-point proposal from Tehran, which is seen as the basis for negotiations, and emphasized the delay to create more time to complete a potential agreement. Iran agreed to reopen the Strait of Hormuz temporarily if hostilities are stopped, with transportation activities coordinated by its armed forces. Israel is also said to have accepted this agreement.

Previously, the near-closure of the Strait of Hormuz – a shipping route transporting about 20% of global oil supplies – had significantly disrupted the energy market.

Domestic gasoline prices today

On April 9, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:

Gasoline and oil discount today

– Hoang Trong General Trading Co., Ltd.:

+ Hai Linh Warehouse, Petec, Dinh Vu: Diesel Oil 0.05S: 8,000 VND/liter; RON 95 – III gasoline: 3,000 VND/liter.

+ Bac Ninh Warehouse: Diesel Oil 0.05S: 7,850 VND/liter; RON 95 – III gasoline: 2,850 VND/liter.

+ Nghi Son Warehouse: Diesel Oil 0.05S: 8,000 VND/liter; RON 95 – III gasoline: 3,000 VND/liter.

– Tu Luc Petroleum Joint Stock Company 1:

+ Diesel oil 0.05S – II: 5,500 VND/liter;

+ Diesel oil 0.001S-V: 5,200 VND/liter;

+ RON 95 – III gasoline: 1,500 VND/liter;

+ E5 gasoline: 1,500 VND/liter.

– MIPEC Petroleum Trading and Trading Co., Ltd. – MIPEC Petro (applied to the Northern region):

+ RON 95 – III gasoline: 1,500 VND/liter.

+ Diesel oil 0.05S-II: 1,500 VND/liter.

+ Diesel oil 0.05S: 13,000 VND/liter.

Domestic gasoline and oil price forecast for the next period

According to a representative of a gasoline and oil business, domestic gasoline and oil prices will fluctuate according to the world gasoline and oil situation. According to current market developments, it is predicted that in the next price adjustment period, retail gasoline and oil prices may decrease. In which, oil prices are forecast to decrease very sharply.

Important DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties. This content is intended for educational and research purposes only. It does not constitute, and should not be interpreted as, a recommendation or advice to take any action, including making any investment or purchasing any product. Before making any financial decision, you should conduct your own due diligence, exercise your own discretion, and consult with competent advisors. The content on this website is not personally directed to you, and we do not take into account your individual financial situation or needs. The information contained on this website is not necessarily provided in real time, nor is it guaranteed to be accurate. Prices displayed may be provided by market makers and not by exchanges. Any trading or other financial decision you make is entirely your own responsibility, and you must not rely solely on any information provided through the website. FXEmpire does not provide any warranty regarding the accuracy, completeness, or reliability of any information contained on the website and shall bear no responsibility for any trading losses you may incur as a result of using such information. The website may include advertisements and other promotional content. FXEmpire may receive compensation from third parties in connection with such content. FXEmpire does not endorse, recommend, or assume responsibility for the use of any third-party services or websites. Empire Media Network LTD., its employees, officers, subsidiaries, and affiliates shall not be liable for any loss or damage resulting from your use of the website or reliance on the information provided herein.Risk DisclaimersThis website contains information about cryptocurrencies, contracts for difference (CFDs), and other financial instruments, as well as about brokers, exchanges, and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and involve a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. FX Empire encourages you to conduct your own research before making any investment decision and to avoid investing in any financial instrument unless you fully understand how it works and the risks involved.

Domestic coffee prices

The coffee market this morning, April 8th, recorded a simultaneous decrease of 4,000 VND in all key purchasing areas in the Central Highlands region.

The average price across the region is currently only anchored at the threshold of 85. 200 VND/kg after the sell-off wave on international exchanges spread widely.

Specifically, in Dak Nong province (old), the purchase price retreated to 85,300 VND/kg, while in Dak Lak and Gia Lai it stood at the same mark of 85,200 VND/kg.

Lam Dong province currently has the lowest price in the region when trading around the threshold of 84,700 VND/kg.

World coffee prices

On international exchanges, coffee prices also simultaneously decreased sharply due to the impact of the latest supply and demand forecasts.

The London exchange witnessed the price of Robusta for May 2026 delivery fall 133 USD, closing at 3,315 USD/ton, this is the lowest level for near futures in the past 8 months.

On the New York exchange, Arabica prices also fell 11.95 cents to 286.10 cents/lb. Investors are stepping up position liquidation as they face information that the global coffee surplus in 2026 could reach 10 million bags according to StoneX’s forecast. This is considered the largest surplus in the last 6 years, putting heavy pressure on market sentiment.

Market outlook

The main reason for this price reduction comes from the prospect of abundant supply from major producing countries. Marex Group forecasts Brazil’s output in the next crop year to reach a record 75.9 million bags, an increase of more than 15% compared to the previous year. At the same time, Vietnam’s Q1 export figures increased by 14% to 585,000 tons, showing that goods are circulating quite strongly in the international market. Although factors such as the closure of the Strait of Hormuz or low rainfall in Brazil are still supporting transportation costs and crop risks, that is not enough to stop the decline as record surplus reports continuously appear.

It is forecasted that in the coming time, domestic coffee prices will continue to face a major challenge around the threshold of 84,000 – 85,000 VND/kg.

The EURJPY pair renewed the positive attempts since yesterday, due to the continuation of providing positive momentum by the main indicators by its rally above the initial resistance at 184.80, to test the barrier at 185.45 to bounce directly to settle near 184.90.

The price might be forced to provide mixed trading by its stability below 184.45, and there is a chance for forming bearish waves to target 184.20 and 183.70 level, while its success to surpass the barrier at 185.45 will open the way for forming strong bullish waves, to expect reaching 186.00 initially, reaching 186.65.

The expected trading range for today is between 184.40 and 185.45

Trend forecast: Fluctuated

Platinum price succeeded to surpass the moving average 55 by forming new bullish wave, achieving $2045.00 level this morning, which requires providing a new positive close above $1950.00 level, to confirm its readiness to form new bullish waves by reaching $2070.00, and surpassing this barrier might extend the trading towards $2130.00 reaching the next resistance at $2205.00 level.

While the return of fluctuation below $1950.00 will force it to activate the bearish corrective track again, forcing it to suffer some losses by reaching $1865.00 and $1800.00 before any new attempt to achieve any of the suggested positive targets.

The expected trading range for today is between $1950.00 and $2130.00

Trend forecast: Bullish