Goldman Sachs has lowered its average Brent crude oil price forecast for 2027 to $80 per barrel, citing stronger global supply growth and continued weakness in demand, particularly in China. According to a research note from the investment bank via Reuters, rising oil production from the United States, Brazil, Guyana, Venezuela, and the United Arab Emirates, combined with structural shifts in energy consumption, is expected to weigh on prices over the longer term. Goldman said it expects more than 10% of the current weakness in demand to persist as China’s transition toward alternative energy sources, including electric vehicles, accelerates.

Despite lowering its 2027 outlook, Goldman maintained its expectation that Brent crude will average $90 per barrel during the fourth quarter of 2026. The bank noted that the effects of a prolonged disruption in the Strait of Hormuz have been moderated by a smaller-than-anticipated supply shortfall and weaker global demand.

Goldman estimated that disruptions to Middle Eastern production initially reduced regional liquids output significantly, but the resulting global deficit during the second quarter amounted to approximately 5 million to 6 million barrels per day. Existing oversupply and lower demand helped cushion the impact. The bank now expects oil exports from Gulf producers to normalize by late August, compared with its previous expectation of late June.

The bank outlined several scenarios for oil prices. Under an adverse scenario involving prolonged export disruptions, Brent could average slightly above $110 per barrel in late 2026. A more severe scenario, in which disruptions in the Strait of Hormuz continue through 2027, could send prices as high as $140 per barrel.

On the other hand, Goldman said that a quicker recovery in supply and weaker-than-expected demand could push Brent prices down to around $70 per barrel by the end of 2026 and approximately $60 per barrel in 2027.

The revised forecast reflects the growing influence of both supply growth and changing consumption patterns on global energy markets, even as geopolitical developments continue to create the potential for significant price volatility.

Domestic coffee prices today

Coffee prices today in the domestic market simultaneously increased sharply compared to the previous session. The average coffee price currently reaches 89,600 VND/kg, an increase of 2,000 VND/kg.

In Dak Lak, coffee prices were recorded at 89,500 VND/kg, an increase of 2,000 VND/kg. Gia Lai also had the same price of 89,500 VND/kg, an increase of 2,000 VND/kg compared to the previous session.

In Lam Dong, today’s coffee price reached 89,000 VND/kg, the lowest among the surveyed localities but still increased by 2,000 VND/kg. Meanwhile, Dak Nong (old) continues to be the area with the highest price, reaching 89,000 VND/kg, an increase of 2,000 VND/kg.

This development brings domestic coffee prices back close to the threshold of 9,000 VND/kg, after a period of market pressure from the prospect of increased supply.

World coffee prices

On the London exchange, Robusta coffee futures for July 2026 closed at 3,594 USD/ton, up 131 USD/ton, equivalent to 3.78%. September 2026 futures reached 3,525 USD/ton, up 130 USD/ton, equivalent to 3.83%.

Further terms also simultaneously increased. Robusta November 2026 term reached 3,452 USD/ton, up 124 USD/ton; January 2027 term reached 3,390 USD/ton, up 121 USD/ton; March 2027 term reached 3,354 USD/ton, up 117 USD/ton.

On the New York exchange, Arabica coffee for July 2026 delivery reached 257.20 US cents/lb, up 3.25 cents/lb, equivalent to 1.28%. September 2026 delivery reached 253.40 US cents/lb, up 3.15 cents/lb; December 2026 delivery reached 246.45 US cents/lb, up 3.25 cents/lb.

The USD/VND exchange rate according to Vietcombank was recorded at 26,092 VND/USD, down 10 VND.

Coffee price assessment

According to Barchart, world coffee prices continued to rise in the last session of the week due to concerns that prolonged rain in Brazil’s coffee growing areas could slow harvest progress. Weather forecasts show moderate to heavy rain will also appear in some coffee production areas of Brazil this week and may extend to next week.

Besides weather factors, reduced coffee inventories on the ICE exchange also supported prices. Arabica inventories monitored on the ICE fell to the lowest level in many months, while Robusta inventories remained low compared to the same period.

The El Niño factor is also receiving more attention from the market. The US National Oceanic and Atmospheric Administration said that El Niño has appeared and is likely to strengthen in the Northern Hemisphere winter of 2026-2027. If this phenomenon changes rainfall in Brazil during the coffee flowering period, risks for the next crop supply may increase.

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 a record level of 71.9 million bags, an increase of more than 14% compared to the previous crop year. Rabobank also raised its forecast for a global Arabica surplus, showing that the market has not escaped supply pressure in the medium term.

On the Robusta side, the increase in our country’s coffee exports is a factor that can curb price increases. International organizations still assess Vietnam as the world’s largest Robusta producer, and production in the 2025/26 crop year is forecast to improve compared to the previous year.

In general, coffee prices today increased sharply thanks to the short-term impact of Brazil’s weather and low inventories. However, the upcoming trend still largely depends on the harvest progress in Brazil, El Niño developments and the rate of coffee exports from within the country.

Channel Structure vs Moving Average Resistance

A bounce from the midline of the channel would, by itself, suggest an eventual rally to test the top falling channel line as resistance. But since the 50-day moving average is nearby around $4,596, it represents a more significant dynamic resistance level. Until that average is reclaimed, the bearish structure that has formed takes precedence since it marks the top trend resistance indicator.

Bearish Risk if Support Fails Again

Despite the strong bullish reaction on Friday, further testing of support near the uptrend line may still occur. Also, if the trendline is broken, the next lower target zone is indicated from around $3,915 to $3,873, consisting of support near a swing low from October and the 127.2% projection for the falling ABCD pattern.

Muted Follow-Through, Short-Term Bias Upward

Bullish follow-through on Friday was muted, with a very narrow range day and a slightly higher daily high of $4,246 and higher low at $4,170. It provided little additional useful information other than that the bias remained to the upside in the short-term.

Long-Term Resistance at the 200-Day Moving Average

The 200-day moving average is a long-term trend indicator that was confirmed as support following the sharp decline in March, and it failed recently on a second test. If the counter-trend rally extends, the 200-day average is the key resistance zone to watch for sellers to get more aggressive. It is now at $4,452 and rising slightly. It takes on added significance given its confluence with other overhead resistance indicators.

Inflection Point Between Reversal and Breakdown

The interaction between the recent failed breakdown and strong support zone suggests gold remains at a pivotal inflection point, where either a sustained reversal higher or another leg lower from this confluence area will define the next directional phase.

If you’d like to know more about how to trade gold and silver, please visit our educational area.

The price of copper recently tested the additional support level at $6.1000, which has formed a strong barrier against attempts to resume the corrective decline. As a result, we are currently seeing some positive waves forming, with the price stabilizing near $6.3600.

We expect the price to be influenced by sideways movement dominance due to its repeated confinement between the previously mentioned support level, while the $6.6600 level continues to act as a strong barrier at the moment. However, the stochastic indicator attempting to provide negative momentum increases the chances of renewed corrective moves, which may pressure the support again and create an opportunity to resume the corrective downtrend in the short to medium term.

Expected trading range for today: between $5.1000 and $6.4200

Today’s forecast: Bearish, as long as the resistance holds

The price of copper recently tested the additional support level at $6.1000, which has formed a strong barrier against attempts to resume the corrective decline. As a result, we are currently seeing some positive waves forming, with the price stabilizing near $6.3600.

We expect the price to be influenced by sideways movement dominance due to its repeated confinement between the previously mentioned support level, while the $6.6600 level continues to act as a strong barrier at the moment. However, the stochastic indicator attempting to provide negative momentum increases the chances of renewed corrective moves, which may pressure the support again and create an opportunity to resume the corrective downtrend in the short to medium term.

Expected trading range for today: between $5.1000 and $6.4200

Today’s forecast: Bearish, as long as the resistance holds

• The silver market initially fell a bit during the trading session on Thursday, as the silver market continues to see a lot of pressure.

• That being said, we have seen a nice bounce here with the 60-dollar level underneath, offering a bit of a floor.

• If the market were to continue to see a little bit of a bounce, then we could make a move towards the 200-day EMA. That being said, I’m a little bit leery of buying a ton of silver.

It is worth noting, though, that the silver market typically has a negative correlation to interest rates, as the higher interest rates really crush these non-yielding assets. The $60 level is a large, round, psychologically significant figure that, of course, a lot of people will be watching. If we were to break down below there, then the market could go looking to the $50 level underneath.

Key Technical Levels and Global Influences

If we rally from here, then we could see this market challenge the 200-day EMA. The 200-day EMA, of course, will cause technical traders to pay close attention to it. The headlines in the Middle East continue to be very volatile, and they, of course, have a major influence on the bond markets, so keep in mind that could be what we need to watch more than anything else.

The $60 level could be the bottom of a larger consolidation area all the way to the $90 level. Longer term, there is most certainly a massive amount of demand for silver, and the supply is nowhere near enough to keep up, at least not comfortably. So, I like silver longer term, but short term, I think we have to recognize that traders are paying more attention to the bond market than anything else. You do have to be very careful, and you do have to have the proper position size.

Ready to trade our daily forex analysis and predictions? Here are the best Silver trading brokers to choose from.

Christopher Lewis is a technical analyst and market commentator at DailyForex with more than two decades of trading experience in Forex and other leveraged markets. Based in Columbus, Ohio, he specializes in chart-based analysis of major currency pairs, stock indices, commodities, and energy markets, focusing on clear support and resistance levels, trend structure, and risk management. Christopher produces daily written and video analysis for traders who rely on technical setups to navigate volatile market conditions

As seen on: Pairs Of Aces Podcast,The Trader Guy, FXEmpire

Domestic coffee prices today

The domestic coffee market in the morning trading session of June 12, 2026 recorded a strong breakthrough after a series of days of struggling. According to data from key growing areas of the Central Highlands, the bulk bulk buying price simultaneously increased sharply from 2,200 to 2,300 VND per kg compared to the previous session, bringing the average price level of the whole region to the threshold of 87,600 VND/kg.

Specifically, in Dak Lak and Gia Lai, the price both increased by 2,200 VND, currently trading at 87,500 VND/kg. In Dak Nong (old), the purchase price increased impressively by 2,300 VND, reaching the threshold of 87,700 VND/kg.

In Lam Dong, the price of raw coffee beans increased by 2,200 VND, to 87,000 VND/kg. Along with the increase in coffee prices, pepper prices remained stable at 140,500 VND/kg, while the USD/VND exchange rate at Vietcombank was recorded at 26,102 VND/USD.

World coffee prices

In the world market, green color completely covered both futures exchanges in the nearest closing session.

On the London exchange, Robusta futures for July 2026 delivery exploded with an increase of 109 USD (equivalent to 3.25%), closing the session at 3,463 USD/ton.

On the New York exchange, Arabica futures for July 2026 delivery also increased sharply by 5.55 cents (equivalent to 2.23%), reaching 253.95 cents/lb.

Market outlook, coffee prices

The core reason for this increase is concerns about unfavorable weather in Brazil. Forecasts show that heavy and prolonged rains in key growing areas will hinder coffee harvest progress this week and may extend to next week, causing a risk of supply disruption.

Combined with warnings about the El Niño phenomenon and the high probability of “Super El Niño” this year, threatening global coffee production, has triggered a wave of subsidy buying from hedge funds.

Although long-term prospects are still under pressure from record crop forecasts, but with inventory on the ICE exchange at a low level for many months, the market is currently prioritizing response to short-term supply risks.

Will oil prices go up?

It’s impossible to forecast oil prices with detailed precision. Many different elements affect the market, but ultimately it boils down to supply and demand. When worries about economic recession, war, and other large-scale disruptions increase, oil’s path can shift fast.

How oil prices translate to gas pump prices

Gas prices at the pump don’t only track crude oil. They also include what it takes to refine and move that fuel, the taxes layered on top, and the extra markup your local station adds to stay in business.

Since crude oil generally makes up a majority of the per-gallon cost, changes in its price have an outsized impact. When oil surges, gas prices typically rise in tandem. But when oil retreats, gas prices often lag on the way down, a trend sometimes described as “rockets and feathers.”

The role of the U.S. Strategic Petroleum Reserve

In case of emergency, the U.S. has a store of crude oil known as the Strategic Petroleum Reserve. Its primary purpose is energy security in case of disaster (think sanctions, severe storm damage, even war). But it can also go a long way toward softening crippling price hikes during supply shocks.

It’s not a long-term answer and is more meant to provide temporary relief, assisting consumers and keeping critical parts of the economy running, like key industries, emergency services, public transportation, etc.

How oil and natural gas prices are linked

Both oil and natural gas are key sources of the energy we use every day. Because of this, a big change in oil prices can affect natural gas. For example, if oil prices increase, some industries may swap natural gas for some segments of their operations where possible, which increases demand for natural gas.

Historical performance of oil

To gauge oil’s performance, we often turn to two benchmarks:

• Brent crude oil, the main global oil benchmark.
• West Texas Intermediate (WTI), the main benchmark of North America

Between these two, Brent better represents global oil performance because it prices much of the world’s traded crude. And, it’s often the best way to track historical oil performance. In fact, even the U.S. Energy Information Administration now uses Brent as its primary reference in its Annual Energy Outlook.

Looking at the Brent benchmark across several decades, oil has been anything but steady. It’s seen spikes due to factors such as wars and supply cuts, and it’s also seen crashes from global recessions and an oversupply (called a “glut”). For example:

• The early 1970s brought the first big oil shock when the Middle East cut exports and imposed an embargo on the U.S. and others during the Yom Kippur War.
• Prices dropped in the mid-1980s for reasons such as lower demand and more non-OPEC oil producers entering the industry.
• Prices spiked again in 2008 with increased global demand, but it soon plummeted alongside the global financial crisis.
• During the 2020 COVID lockdown, oil demand collapsed like never before—bringing prices below $20 per barrel.

All to say, oil’s historical performance has been anything but smooth. Again, it’s hugely affected by wars, recessions, OPEC whims, evolving energy initiatives and policies, and much more.

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Frequently asked questions

2026.06.12 2026.06.12
WTI Crude Oil: Elliott Wave Analysis and Forecast for 12.06.26–19.06.26

Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/

Major Takeaways

• Main scenario: Consider short positions from corrections below the level of 92.06 with a target of 78.00–65.00. A sell signal: the price holds below 92.06. Stop Loss: above 93.00, Take Profit: 78.00–65.00.
• Alternative scenario: Breakout and consolidation above the level of 92.06 will allow the asset to continue rising to the levels of 105.17–115.45. A buy signal: the level of 92.06 is broken to the upside. Stop Loss: below 91.00, Take Profit: 105.17–115.45.

Main Scenario

Consider short positions from corrections below the level of 92.06 with a target of 78.00–65.00.

Alternative Scenario

Breakout and consolidation above the level of 92.06 will allow the asset to continue rising to the levels of 105.17–115.45.

Analysis

A descending correction appears to have formed as the second wave of larger degree (2) on the weekly chart, with wave C of (2) completed as its part. On the daily time frame, an ascending third wave (3) appears to have started developing. Within it, the first wave of smaller degree 1 of (3) has formed, and a downward correction is unfolding as the second wave 2 of (3). Wave c of 2 is presumably developing on the H4 chart; within it, wave (v) of c is unfolding. If the presumption is correct, WTI will continue to decline to the levels of 78.00–65.00. The level of 92.06 is critical in this scenario as a breakout above it will enable the asset to continue rising to the levels of 105.17–115.45.

This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.

Price chart of USCRUDE in real time mode

• The gold market has chopped back and forth during the trading session here on Thursday as we are hovering just above the crucial $4,000 level.

• The $4,000 level is an area that I think traders continue to look at very closely, mainly due to the idea that a large, round, psychologically significant figure probably attracts a lot of attention from options traders.

That being said, it’s interesting that the XAU/USD pair continues to look kind of sluggish despite the fact that interest rates are starting to drop. So that is a little bit of a move from the negative correlation between interest rates and gold that we saw. Regardless, the $4,000 level for me is crucial. If we give that up, we will probably drop another $500.

I’m not a big fan of shorting gold, although it clearly doesn’t do well buying it over the last couple of weeks. But if we do bounce from here, I can see a short-term opportunity might present itself for both buyers and sellers. I would anticipate that the 200-day EMA offers a bit of a barrier.

Ultimately, this is a market that I would fade signs of exhaustion until we see some type of change in attitude, and it’s probably worth noting that the US dollar is extraordinarily strong despite the fact that we have the overall attitude of the markets changing, and I think you have a market that I think remains noisy.

Long-Term Trend and Trading Strategy

Longer term, I do like gold, but I think if we do pull back from here, and when you look at the longer-term charts, it does make a certain amount of sense, we could drop down to the $3,500 level, and it would just be a nice pullback in a huge uptrend.

So, with that being said, I like the idea of buying gold eventually, just not right now. If you’re a day trader, you might be able to trade the pop, but you have to be very nimble and get out at the first sign of trouble.

Ready to trade today’s Gold prediction? Here’s a list of some of the best XAU/USD brokers to check out.

Christopher Lewis is a technical analyst and market commentator at DailyForex with more than two decades of trading experience in Forex and other leveraged markets. Based in Columbus, Ohio, he specializes in chart-based analysis of major currency pairs, stock indices, commodities, and energy markets, focusing on clear support and resistance levels, trend structure, and risk management. Christopher produces daily written and video analysis for traders who rely on technical setups to navigate volatile market conditions

As seen on: Pairs Of Aces Podcast,The Trader Guy, FXEmpire