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5 08, 2026

Silver Price Forecast: XAG/USD Hits One-Month High, Technical Breakout Eyes $62.00

By |2026-08-05T14:51:35+03:00August 5, 2026|Forex News, News|0 Comments







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5 08, 2026

Coffee price today 5.8 anchors around 96,500 VND/kg

By |2026-08-05T10:50:28+03:00August 5, 2026|Forex News, News|0 Comments


Domestic coffee prices today

Coffee prices today in the domestic market have not recorded a newer update table on giacaphe. com. According to the latest data being displayed, the average coffee price is at 96,500 VND/kg; the highest level in key regions of the Central Highlands is also 96,500 VND/kg.

In Lam Dong, coffee prices were recorded at 96,000 VND/kg, unchanged compared to the previous table. This is a low level among regions with detailed data.

In Gia Lai, coffee prices are at 96,500 VND/kg, unchanged compared to the previous day.

The old Dak Nong area recorded a level of 96,500 VND/kg. In the latest updated table, this region decreased by 200 VND/kg compared to the previous session.

The domestic coffee price level is still lower than the area close to 99,000 VND/kg recorded at the end of July. However, the price has not fallen deeper but is temporarily holding around 96,000-96,500 VND/kg.

World coffee prices

In the world market, coffee prices recovered in the most recent session.

According to Barchart, the September 2026 Arabica futures contract closed at 324.10 US cents/lb. This session, Arabica increased by 4.60 US cents/lb, equivalent to 1.44%.

Robusta London futures for September 2026 also increased. According to Barchart, this contract closed at $3,854/ton, up $68/ton, equivalent to 1.80%.

This development shows that world coffee prices have recovered after the previous decline. Robusta increased more strongly than Arabica in percentage, which could create psychological support for the domestic market if domestic prices are updated.

Coffee price assessment

Domestic coffee prices are currently still hovering around 96,500 VND/kg, while world prices have increased again. This deviation is mainly due to the fact that the domestic price list has not been updated further, so it is not possible to confirm that domestic prices have reacted to the recovery of the international exchange.

According to Barchart, coffee prices increased as buying and selling pressure appeared after the forecast of rain in Minas Gerais, Brazil’s largest coffee growing region, a factor that could continue to slow down harvest progress. Barchart also noted that Brazil’s harvest progress is slower than the same period, creating price support.

For the Vietnamese market, Robusta London is still a variable that needs to be closely monitored due to its direct impact on domestic purchasing prices. If Robusta maintains the above 3,800 USD/ton range, domestic coffee prices may be supported in the coming sessions.

Regarding the weather, the National Center for Hydro-Meteorological Forecasting said that on the day and night of August 5, the Central Highlands area will have showers and thunderstorms in some places; especially in the afternoon and evening, there will be scattered showers and thunderstorms, locally heavy rain. Lowest temperature 20-23 degrees C, highest 27-30 degrees C, in some places above 30 degrees C.

This season’s thunderstorms need to be monitored in terms of garden care, pest and disease prevention, and goods preservation.





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5 08, 2026

WTI Crude Oil Market Volatility: Investment Strategies for August 2026

By |2026-08-05T06:49:17+03:00August 5, 2026|Forex News, News|0 Comments


Key Takeaway

WTI crude oil experienced a dramatic 4% decline on August 4, 2026, falling to $77.11 per barrel as markets reacted to news of potential US-Iran diplomatic progress. This significant price movement reflects the ongoing geopolitical tensions surrounding the Strait of Hormuz, through which approximately 20% of global oil shipments pass daily. For investors, this volatility presents both challenges and opportunities across the energy sector, from major oil producers to renewable energy alternatives.

The current market dynamics are shaped by competing forces: supply constraints caused by Middle East conflicts and the potential relief from diplomatic solutions. According to portfolio manager Greg Sharenow at Pimco, the oil market remains in an “absolute supply shortage state,” with traders now dealing with unprecedented volatility in Hormuz Strait flows. This environment demands careful portfolio positioning and strategic thinking about energy exposure.

Understanding the Current Oil Market Dynamics

The Hormuz Strait Crisis and Supply Constraints

The Strait of Hormuz has emerged as the focal point of global oil market anxiety. As one of the world’s most critical maritime chokepoints, any disruption to this passage has immediate and severe implications for global energy supply. The ongoing Middle East conflicts have created genuine supply bottlenecks, with Pimco’s analysis confirming that the market is experiencing structural shortages beyond typical cyclical fluctuations.

Traders and analysts have shifted their focus from monitoring daily production changes of several hundred thousand barrels to managing the risk of complete flow disruptions through Hormuz. This paradigm shift has introduced extreme volatility into oil pricing mechanisms, with geopolitical headlines now capable of moving prices by several percentage points within hours. The current environment represents one of the most unpredictable periods for energy markets in recent years.

US-Iran Diplomatic Developments

The announcement by US Treasury Secretary Scott Bessent regarding potential US-Iran agreement discussions has injected significant uncertainty into oil markets. The prospect of reopening the Strait of Hormuz to unrestricted traffic would represent a dramatic supply shock, potentially adding millions of barrels per day back to global markets. This possibility has triggered immediate selling pressure on crude futures as traders price in improved supply conditions.

However, investors should remain cautious about overinterpreting preliminary diplomatic signals. Historical precedents suggest that negotiations between the US and Iran often involve extended timelines and multiple reversals. The current price decline may reflect optimism that exceeds near-term realistic outcomes, creating potential for volatility if diplomatic progress stalls.

Investment Strategies for Energy Sector Exposure

Evaluating Major Oil Producers

ExxonMobil (XOM) remains a bellwether for large-cap energy exposure, with its integrated operations providing some insulation from pure commodity price volatility. The company’s downstream refining and chemical operations can benefit from lower input costs when crude prices decline, partially offsetting upstream production revenue reductions.

Chevron (CVX) offers similar integrated exposure with a strong balance sheet that enables continued dividend growth even during commodity downturns. Both companies have used recent years of higher prices to reduce debt and improve operational efficiency, positioning them well for various price environments.

Opportunities in Oilfield Services

The oilfield services sector presents a leveraged play on oil price stability and production activity. Companies like Schlumberger and Halliburton benefit from increased drilling and completion activity when oil prices support new project economics. Current volatility may actually benefit these companies in the medium term, as producers rush to secure equipment and services during price uncertainty.

For investors seeking broader exposure, the Energy Select Sector SPDR Fund (XLE) provides diversified access to the entire sector, reducing single-company risk while maintaining correlation with oil price movements.

Impact on Related Markets and Assets

Airlines and Transportation Stocks

Lower oil prices provide immediate relief to airline operators, where fuel represents 20-30% of operating costs. Major carriers like Delta Air Lines and United Airlines typically see margin expansion during crude price declines, with the benefits often appearing in quarterly results within one to two quarters.

The transportation sector more broadly benefits from reduced diesel costs, improving profitability for trucking companies and logistics operators. Investors should monitor inventory builds at transportation companies, as lower fuel costs sometimes coincide with broader economic slowing that could reduce shipping volumes.

Consumer Discretionary Benefits

Lower gasoline prices effectively provide a tax cut to consumers, freeing up discretionary income for spending on retail, dining, and entertainment. Historical correlations suggest that periods of declining oil prices typically support outperformance in consumer discretionary sectors, particularly among companies serving middle-income demographics.

Renewable Energy Considerations

Headwinds from Lower Fossil Fuel Prices

The decline in oil prices creates competitive pressure on renewable energy adoption, particularly in transportation and heating applications where direct fuel switching occurs. Solar and wind power, primarily competing with natural gas and coal in electricity generation, face less direct impact but still benefit from general energy price stability rather than volatility.

Long-term renewable energy investors should view current oil price weakness as a potential buying opportunity rather than a structural threat. The energy transition continues to be driven by policy support, technological improvement, and climate considerations rather than short-term commodity price movements. Companies like NextEra Energy maintain strong growth trajectories regardless of oil price fluctuations.

Technical Analysis and Price Outlook

Support and Resistance Levels

The sharp decline to $77 places WTI crude near key technical support levels established during previous consolidation phases. The psychological $75 level represents the next major support zone, with a break below potentially triggering algorithmic selling and accelerating downside momentum toward $70.

On the upside, resistance now forms at the previous support level around $80, with a sustained move back above this threshold requiring either reversal of diplomatic optimism or new supply disruption catalysts. The 50-day and 200-day moving averages, currently around $82 and $78 respectively, provide additional reference points for technical traders.

Options Market Sentiment

Options markets are pricing elevated implied volatility, reflecting genuine uncertainty about near-term price direction. The skew toward put options suggests institutional hedging against further downside, while elevated call open interest at higher strikes indicates expectations for potential snapback rallies on any negative diplomatic developments.

Conclusion

The current oil market volatility driven by US-Iran diplomatic developments presents a classic risk-reward scenario for energy investors. While the potential for supply normalization offers relief to global markets, the uncertainty surrounding actual implementation creates trading opportunities for prepared investors.

For long-term portfolio construction, maintaining diversified energy exposure through integrated majors and quality oilfield services companies offers the most balanced approach. Short-term traders may find opportunities in volatility strategies or tactical sector rotation plays benefiting from lower oil prices.

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5 08, 2026

Copper Price Shows No Change – Forecast today – 31-7-2026

By |2026-08-05T02:47:38+03:00August 5, 2026|Forex News, News|0 Comments


 

Copper price continues to move sideways in the intraday session, as it remains confined between the stable resistance barrier near $6.5100, while the $6.1000 level continues to form important support against attempts to resume the corrective decline. The price has remained stable since yesterday’s trading near the $6.4500 level.

 

Continued price fluctuation below the resistance barrier supports the possibility of renewed corrective attempts, with the price expected to move initially toward $6.2800, before retesting the previously mentioned support level. However, a breakout above this barrier and sustained trading above it would open the way for further positive targets, initially toward $6.5950, followed by $6.7310.

 

The expected trading range for today is between $6.3000 and $6.5100

 

Trend forecast: Bearish





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4 08, 2026

Technical analysis of US Crude, XAUUSD and EURUSD for Today (August 4, 2026)

By |2026-08-04T14:42:48+03:00August 4, 2026|Forex News, News|0 Comments


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.

Crude remains under selling pressure.

The article covers the following subjects:

Major Takeaways

  • USCrude: Oil remains under selling pressure, with the downside target at 77.14.

  • XAUUSD: Gold continues to trade in a short-term downtrend.

  • EURUSD: The euro is undergoing a correction.

Oil Price Forecast for Today: USCrude Analysis

Oil remains under selling pressure, with the next downside target at 77.14. If the price slides below this level, the Gold Zone of 76.63–76.24 will likely be tested. If sellers push the price below that area, the next downside target becomes the 72.07–71.26 Target Zone.

On the upside, if the price violates the resistance B of 83.57–82.99, it would signal a shift in the short-term trend from bearish to bullish.

USCrude Trading Ideas for Today:

Watch the market.


Gold Forecast for Today: XAUUSD Analysis

Gold remains in a short-term downtrend, with the primary downside target at 3,959. Today, short positions opened at the resistance B of 4,113–4,128 can be maintained.

If gold breaks through the resistance B, a bullish short-term trend may start. In that case, buying opportunities could be considered tomorrow, with the 4,267–4,298 Target Zone as the upside objective.

XAUUSD Trading Ideas for Today:

Hold short trades opened at resistance B 4,113–4,128. TakeProfit: 3,959. StopLoss: at breakeven.


Euro/Dollar Forecast for Today: EURUSD Analysis

The euro is correcting lower and approaching the support A of 1.1466–1.1474. If this zone holds, long positions can be considered, with initial targets at 1.1512 and 1.1558. Should the price break through 1.1558, it may climb further to the Target Zone of 1.1576–1.1601.

If the support A is pierced, the correction could extend to the support B of 1.1420–1.1432, which marks the boundary of the current trend. This zone may also offer opportunities to open long positions.

EURUSD Trading Ideas for Today:

Buy near support A 1.1466–1.1474. TakeProfit: 1.1512, 1.1558. StopLoss: 1.1445.


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 USCRUDE in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.


According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.

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4 08, 2026

Coffee prices today 4. 8: World Arabica prices plummet

By |2026-08-04T10:42:13+03:00August 4, 2026|Forex News, News|0 Comments


Domestic coffee prices today

Coffee prices today in the domestic market decreased slightly compared to the previous day. According to giacaphe. com, coffee prices on August 4th averaged 96,500 VND/kg, down 100 VND/kg. The highest price in key Central Highlands regions was recorded at 96,500 VND/kg.

In Lam Dong, coffee prices today reached 96,000 VND/kg, unchanged from the previous day. This is the lowest level in the regions.

In Gia Lai and Dak Lak, coffee prices were also recorded at 96,500 VND/kg, unchanged compared to the previous day.

The old Dak Nong area recorded a level of 96,500 VND/kg, down 200 VND/kg compared to the previous session. This is one of the regions with high prices in the survey table.

World coffee prices

In the world market, coffee prices fluctuated in opposite directions in the most recent session.

According to Barchart, the September 2026 Arabica futures contract closed down 12.60 US cents/lb, equivalent to 3.79%, to 319.50 US cents/lb.

Conversely, the September 2026 Robusta futures contract increased by 4 USD/ton, equivalent to 0.11%, to 3,786 USD/ton. The increase range is very narrow, showing that Robusta was almost sideways in the session.

This development shows that downward pressure is concentrated in Arabica, while Robusta still maintains a slight green color. For the Vietnamese market, the 0.11% increase in Robusta is not enough to create a clear pull for domestic purchasing prices.

Coffee price assessment

Domestic coffee prices slightly decreased in the context of the world market disagreement. Arabica fell sharply, while Robusta only slightly increased, causing the domestic price level to have no clear recovery momentum.

Arabica is under pressure as drier weather in Brazilian coffee growing areas may help increase harvest progress.

In the opposite direction, Brazil’s slower harvest progress than the same period is still a price support factor. According to information from Barchart, harvests of Cooxupe cooperative members reached 58.3% as of July 24, lower than 67% in the same period last year; Safras & Mercado also recorded Brazil’s harvest reaching 64% as of July 15, lower than 77% in the same period and the 5-year average of 70%.

Regarding domestic weather, the National Center for Hydro-Meteorological Forecasting said that on the day and night of August 4, the Central Highlands area will have showers and thunderstorms in some places; especially in the late afternoon and evening, there will be showers and scattered thunderstorms. Lowest temperature 20-23 degrees C, highest 28-31 degrees C, in some places above 31 degrees C.

This season’s thunderstorms need to be monitored in terms of garden care, pest and disease prevention, and goods preservation.

In the coming sessions, the diễn biến of Robusta London, USD/VND exchange rate, inventory and demand for export purchases will continue to dominate domestic coffee prices.





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4 08, 2026

Delta Airlines price gathers positive momentum – Forecast today

By |2026-08-04T02:39:42+03:00August 4, 2026|Forex News, News|0 Comments


Delta Air Lines, Inc. (DAL) edged lower in recent intraday trading after the stock once again held below the current resistance level at $89.60. This pullback appears to be allowing the stock to rebuild positive momentum that could support a breakout above that resistance. At the same time, the stock is working off part of its overbought conditions on the momentum indicators, although fresh bearish signals have started to emerge. Despite this, the broader technical outlook remains constructive, with the stock continuing to trade above its 50-day Simple Moving Average (SMA), which is acting as dynamic support and reinforcing the primary short-term uptrend. Price action also continues to follow an ascending trendline that supports the prevailing bullish trend.

 

Therefore, our outlook remains bullish for the stock’s upcoming trading sessions, particularly if it breaks above the key resistance level at $89.60. Under this scenario, the stock is expected to target the next major resistance level at $95.50.

 

Today’s price forecast: Bullish.





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3 08, 2026

Silver Price Forecast: XAG/USD rises above $58.00 on renewed US-Iran peace talks

By |2026-08-03T22:39:05+03:00August 3, 2026|Forex News, News|0 Comments


Silver price (XAG/USD) rises after registering modest gains in the previous day, trading around $58.20 per troy ounce during the Asian hours on Monday. Silver prices climb as market sentiment shifted following statements from US President Donald Trump, who announced that peace talks with Iran are set to resume on Monday. The prospect of diplomacy helped send oil prices lower, offering relief to investors concerned about rising inflation and the broader outlook for interest rates.

President Trump noted that key Middle Eastern allies, including Saudi Arabia, had urged him to halt planned military strikes in favor of a diplomatic solution, while he reiterated his call for the immediate reopening of the Strait of Hormuz.

Beyond geopolitical developments, investors are turning their attention to a busy week of US labor market data, anchored by Friday’s closely watched monthly jobs report. This economic focus comes on the heels of the Federal Reserve’s recent decision to hold interest rates steady.

However, that decision was not unanimous; three Fed officials dissented, cautioning that delaying action could force the central bank into more aggressive policy tightening down the road. In response to these mixed signals, financial markets are currently pricing in roughly a 68% chance of a 25 basis point rate hike at the Fed’s upcoming September meeting.

According to analysts at Commerzbank, the outlook for the other bullion, gold, remains constrained by the policy path in the US. They argue that “the persistent expectation of Fed interest rate rises should counteract any rise in the gold price,” with ongoing tightening expectations limiting the scope for a sustained move higher even after the recent post-meeting spike.

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.



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3 08, 2026

Coffee price today August 3: Slight decrease, highest 96,700 VND/kg

By |2026-08-03T18:38:27+03:00August 3, 2026|Forex News, News|0 Comments


Domestic coffee prices today

Coffee prices today in the domestic market decreased slightly compared to the previous session. According to giacaphe. com, coffee prices on August 3rd averaged 96,600 VND/kg, down 200 VND/kg. The highest price in key Central Highlands regions was recorded at 96,700 VND/kg.

In Lam Dong, coffee prices today reached 96,000 VND/kg, down 200 VND/kg compared to the previous session. This is the region with the lowest price in the detailed update table.

In Gia Lai, coffee prices were recorded at 96,500 VND/kg, down 200 VND/kg compared to the previous day.

The old Dak Nong area recorded a level of 96,700 VND/kg, belonging to the highest group among the surveyed areas.

After the rebound in early August, domestic coffee prices have turned down slightly. The decrease of 200 VND/kg is not large, but it shows that the domestic market still does not have a clear breakthrough to return to the area close to 99,000 VND/kg as at the end of July.

World coffee prices

In the world market, coffee prices increased in the most recent trading session, but Robusta’s increase range is very narrow.

According to Barchart, the September 2026 Arabica futures contract closed up 9.05 US cents/lb, equivalent to 2.80%. This is a much stronger increase than Robusta.

In the same session, the September 2026 Robusta futures contract increased by 2 USD/ton, equivalent to 0.05%, to 3.782 USD/ton. This increase shows that Robusta is almost sideways, although still maintaining green color.

Coffee price assessment

Domestic coffee prices slightly decreased even though the world market just had an increase session. The deviation is in Robusta: Arabica increased sharply, but Robusta London only increased by 0.05%, not enough to create a clear pulling force for domestic purchase prices.

Arabica increased due to short-term supply constraints, in the context of Arabica stocks certified on ICE continuously decreasing for about 4.5 months and falling to a 2.5-year low.

Meanwhile, heavy rain was recorded in the Minas Gerais region of Brazil and slower harvest progress than the same period were factors supporting coffee prices in the recent session. However, this factor is more clearly reflected in Arabica, while Robusta fluctuates narrowly.

Regarding domestic weather, the National Center for Hydro-Meteorological Forecasting said that on the day and night of August 3rd, the Central Highlands area will have showers and thunderstorms in some places; especially in the late afternoon and evening, there will be scattered showers and thunderstorms in some places. The lowest temperature is 20-23 degrees Celsius, the highest is 28-31 degrees Celsius, in some places above 31 degrees Celsius. This season’s thunderstorms need to be monitored in the garden care, pest and disease prevention and goods preservation stages.

In the coming sessions, the diễn biến of Robusta London, USD/VND exchange rate, inventory and demand for export purchases will continue to dominate the domestic price level.





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3 08, 2026

WTI Crude Oil Price Forecast: Oil Falls Below $80 as Trump Halts Iran Strikes; Will Prices Rise?

By |2026-08-03T14:37:33+03:00August 3, 2026|Forex News, News|0 Comments


TradingKey – As of the Asian session on August 3, WTI crude oil ( USOIL) prices fell sharply, breaking below the $80 mark during intraday trading, with an intraday decline of over 9%, while Brent crude ( UKOIL) also plunged by over 8%. Last week, the crude oil market was supported by the risk of Middle East crude oil supply disruptions, but last Saturday Trump said he would suspend a new round of military strikes on Iran. Coupled with OPEC+ announcing a continuation of production increases, crude oil prices opened under pressure this week and fell back.

The direct cause of today’s decline in WTI crude oil was US President Donald Trump signaling a fresh de-escalation in the US-Iran situation. Trump stated that after Iran and some Middle Eastern countries requested more time to reach an agreement, the US decided to temporarily hold off on launching new military strikes against Iran and plans to push for negotiations to achieve a full restoration of navigation in the Strait of Hormuz, while also resolving the Iranian nuclear issue. Trump also noted that US-Iran talks would begin on Monday, but did not announce the location of the talks, the participants, or a clear deadline for reaching an agreement.

This statement significantly eased market concerns over a further escalation of the conflict. Previously, the conflict between the US and Iran had repeatedly escalated, with multiple oil tankers attacked near Oman and the Strait of Hormuz, prompting some shipping companies to reduce entry into the Persian Gulf, which led to cumulative gains of over 20% for both WTI and Brent crude in July. Now that the US has put military action on hold, the market has begun betting that shipping conditions in the strait could improve, driving oil prices to quickly give back some of their war risk premium.

The latest statement from the Iranian side also signaled some willingness to negotiate. Iran’s Ministry of Foreign Affairs stated that Iran is close to reaching an agreement with Oman on a new shipping route for the Strait of Hormuz, which will take into account the sovereignty, security, and navigation needs of both sides. However, Iran also emphasized that this does not mean the strait will return to the fully open state it was in before the conflict broke out.

In addition, OPEC+’s latest decision to increase production has also added downward pressure on oil prices. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman have decided to raise their crude oil production targets by 188,000 barrels per day starting in September. This means OPEC+ is further unwinding the voluntary production cuts implemented in 2023 and signaling increased supply to the market.

WTI crude oil price daily chart, Source: TradingView

Looking at the daily chart of WTI crude oil, oil prices gap-opened sharply lower today and broke below the key $80 psychological level, indicating that the previous upward trend driven by geopolitical risks has clearly cooled down. As $80 is an important psychological support for the market, breaking below it now may turn it into short-term resistance, and market sentiment has temporarily shifted from bull-dominated to bear-dominated.

On the downside, the primary support for WTI crude oil is in the $79-$78 range. If oil prices can find support in this area, a short-term technical rebound may occur to retest the $80 level. If $78 is decisively broken, oil prices may head further down to test $76.

On the upside, $80 to $81 has become the first line of resistance. If there is a lack of progress in US-Iran negotiations, or if another tanker attack occurs in the Strait of Hormuz, WTI may reclaim $81 and rebound toward the $83-$85 range.

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





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