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8 07, 2026

WTI Crude Oil Price Forecast: US-Iran Situation Worsens, Oil Prices Expected to Rise to $80

By |2026-07-08T07:41:05+03:00July 8, 2026|Forex News, News|0 Comments


TradingKey – As of the Asian session on July 8, WTI ( USOIL) crude oil prices rose to around $72, rebounding significantly from previous trading sessions. From a technical perspective, oil prices had previously fallen below $70 due to expectations of US-Iran negotiations, the resumption of navigation through the Strait of Hormuz, and pressure from OPEC+ production increases. However, as the attacks on vessels in the Strait of Hormuz escalated and the US resumed military actions and sanctions against Iran, the market quickly priced back in the Middle East supply risk premium, driving a continuous rebound in WTI.

From a fundamental perspective, the core driver of today’s WTI crude oil rally stems from the re-escalation of tensions between the U.S. and Iran. Previously, the market was trading on a de-escalation logic—expecting progress in U.S.-Iran negotiations, the recovery of Gulf shipping, and the potential return of Iranian crude to Asian markets—which had put under pressure on oil prices. However, the latest developments indicate that this expectation of de-escalation is being shattered.

According to reports, several commercial vessels were attacked near the Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil tanker. Since the Strait of Hormuz is one of the world’s most critical transit chokepoints for crude oil and liquefied natural gas, the attacks on these vessels immediately altered the market’s assessment of supply security.

The U.S. subsequently took tougher action. The Trump administration launched retaliatory strikes against Iranian targets and revoked waivers that previously allowed Iran to sell a limited amount of crude oil. The impact of this shift on oil prices was highly direct: on one hand, the military action means the ceasefire and negotiation framework between the U.S. and Iran is at risk of collapse; on the other hand, the revocation of Iran’s crude export waivers weakened market expectations regarding the return of Iranian supply.

Iran, meanwhile, denied responsibility for the attacks on the vessels and accused the U.S. of violating previous agreements. Iranian officials stated that the renewed U.S. strikes on Iranian targets and the revocation of oil sale waivers disrupted existing understandings, and warned of potential countermeasures. For the market, Iran’s response means the risk of further escalation remains. If Iran takes retaliatory action or if the U.S. continues to expand its strikes, shipping risks in the Strait of Hormuz could rise further, leaving room for oil prices to push higher.

WTI crude oil daily chart, Source: TradingView

Looking at the daily chart of WTI crude oil, influenced by yesterday’s escalation of the US-Iran conflict, oil prices surged during the session, closing with a gain of 5.22% and successfully reclaiming the $70 mark. This reversed the recent sluggish state of bulls in the crude oil market and significantly bolstered the market’s buying momentum.

From the moving average perspective, oil prices successfully broke through the resistance of both the 5-day and 10-day moving averages yesterday. The market’s bullish momentum has been further strengthened, and oil prices are expected to continue their technical corrective rebound in the short term.

Currently, as oil prices reclaim the $70 level, upside potential has opened up. The primary target for the rally will be to test the $75 resistance level. If oil prices can breakout strongly and consolidate above $75, they are expected to test the $80 mark in the short term.

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





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7 07, 2026

Silver Price Forecast: XAG/USD Slips Below $61.00 As Markets Turn Cautious

By |2026-07-07T23:38:02+03:00July 7, 2026|Forex News, News|0 Comments







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7 07, 2026

Coffee price today July 7: Increased by 4,000 VND/kg

By |2026-07-07T19:37:00+03:00July 7, 2026|Forex News, News|0 Comments


Domestic coffee prices today

Coffee prices today in the domestic market simultaneously increased sharply in key production areas. The average price was recorded at 96,800 VND/kg, an increase of 4,000 VND/kg compared to the previous update.

In Dak Lak, coffee prices increased by 3,900 VND/kg, reaching 96,700 VND/kg. In Gia Lai, coffee prices increased by 4,000 VND/kg, reaching 96,800 VND/kg.

In Lam Dong, coffee prices today increased by 3,900 VND/kg, to 96,200 VND/kg. This is still the lowest level among the surveyed areas.

The old Dak Nong area continued to have the highest purchase price, reaching 97,000 VND/kg, an increase of 4,000 VND/kg.

Thus, domestic coffee prices currently fluctuate from 96. 200-97. 000 VND/kg. The gap between the region with the highest and lowest prices is 800 VND/kg.

After a strong increase, the domestic coffee price level has approached the 110,000 VND/kg mark. This is a notable increase after a period of strong market fluctuations at the end of June and the beginning of July.

The USD/VND exchange rate according to Vietcombank is recorded at 26,072 VND/USD.

World coffee prices

World coffee prices increased very strongly in the most recent trading session. Both Robusta on the London exchange and Arabica on the New York exchange simultaneously went up.

On the London exchange, the September 2026 Robusta futures contract increased by 328 USD/ton, equivalent to 8.83%, to 4,044 USD/ton.

During the session, this contract at one point increased to 4,110 USD/ton. Trading volume reached 15,802 lots.

Robusta for November 2026 delivery increased by 328 USD/ton, equivalent to 8.92%, to 4,007 USD/ton.

The January and March 2027 terms also increased by 328 USD/ton, to 3,974 USD/ton and 3,942 USD/ton respectively.

The July 2026 Robusta contract was recorded at 4,604 USD/ton, up 161 USD/ton. However, the trading volume only reached 21 lots because this term was close to maturity. Therefore, the September contract more clearly reflects the market trend.

On the New York exchange, Arabica coffee prices surged. The September 2026 Arabica futures contract increased by 48.75 US cents/lb, equivalent to 16.19%, to 349.95 US cents/lb.

During the session, this contract at one point touched 357.00 US cents/lb. Trading volume reached 47,909 lots.

Arabica December 2026 futures increased by 49.10 US cents/lb, equivalent to 17.15%, to 335.40 US cents/lb.

The March and May 2027 terms increased by 48.65 US cents/lb and 47.20 US cents/lb respectively, to 329.75 US cents/lb and 328.10 US cents/lb.

This development shows that world coffee prices are reacting very strongly to information about harvest progress in Brazil, low inventories and weather risks in the coming months.

Coffee price assessment

According to data from Barchart, coffee prices surged in the first session of the week, in which Arabica rose to a high of about 5 and a half months, and Robusta rose to a high of about 5 months.

The main supporting factor comes from the slow harvest progress in Brazil. Brazil’s consulting firm Safras & Mercado said that the 2026-2027 coffee crop harvest in this country has only completed 52% as of July 1.

This level is lower than 60% in the same period last year and also lower than the 5-year average of 55%. Slow harvest progress increases concerns that spot supply will be tightened in the short term.

The rise in coffee prices is also supported by unfavorable weather forecasts. Brazil’s Rural Climate Meteorological Company said that widespread rain may occur in Brazil in mid-July, adversely affecting some crops, including coffee.

Rain in harvest season can hinder harvesting, transportation and drying. If humidity persists, coffee bean quality is also at risk of being affected.

However, the Brazilian meteorological company Somar Meteorologia said that Minas Gerais state, the country’s largest coffee growing region, did not record rain in the week ending July 5. This shows that weather risks still need to be monitored for each production region.

Another factor supporting the price is the Brazilian real rising to a 2-week high against the USD. A strong real often causes Brazilian farmers to reduce export sales motivation, as revenue converted into domestic currency is less attractive.

Standard Arabica coffee inventories on the US Intercontinental Exchange continued to fall sharply, to 3,66,756 bags. This is the lowest level in more than 2 years, making the market more sensitive to unfavorable information about supply.

Meanwhile, Robusta inventories on the European Intercontinental Exchange increased to 4,109 lots last weekend, the highest level in about 3 months. This factor partly creates resistance for Robusta, but is not enough to stop the strong increase in the latest session.

El Niño risk continues to be monitored by businesses. The US National Oceanic and Atmospheric Administration (NOAA) assesses that there is a 63% chance that El Niño will reach very strong intensity in the period from November 2026 to January 2027.

El Niño may change rainfall in Brazil during the coffee tree flowering period in September and October, and also affect Robusta production conditions in some Asian countries. However, the specific impact depends on the intensity and timing of appearance in each region.

In terms of pressure, the Foreign Agricultural Services Agency of the US Department of Agriculture (USDA/FAS) still forecasts Brazil to have a large coffee crop in the 2026-2027 crop year. Rabobank of the Netherlands also raised its global Arabica surplus forecast for the 2026-2027 crop year from 7 million bags to 9.5 million bags.

Regarding Robusta, the Statistics Department (Ministry of Finance) said that Vietnam’s coffee exports in the first 6 months of 2026 reached about 1.05 million tons, an increase of 7.3% compared to the same period. Vietnam is the world’s largest Robusta producer, so increased supply is still a factor that can curb price increases in the medium term.





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7 07, 2026

Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (July 7, 2026)

By |2026-07-07T15:36:00+03:00July 7, 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.

The euro continues to keep its bearish bias.

The article covers the following subjects:

Major Takeaways

  • USCrude: Oil is attempting to rebound, but selling pressure still persists.

  • XAUUSD: Gold is approaching the support A of 4,091–4,080.

  • EURUSD: The euro is declining from the resistance B of 1.1482–1.1468.

Oil Price Forecast for Today: USCrude Analysis

Oil is correcting upward within the short-term downtrend, targeting the resistance level A of 73.23–72.67. Once this resistance is reached, consider short positions with targets of 70.15 and 67.06.

If the resistance A is pierced, the correction will likely continue toward the resistance B of 76.31–75.47. Short positions can also be considered near this key level.

USCrude Trading Ideas for Today:

Sell near resistance A at 73.23–72.67. TakeProfit: 70.15, 67.06. StopLoss: 74.65.


Gold Forecast for Today: XAUUSD Analysis

Gold is correcting downward in the short-term uptrend toward the support A of 4,091–4,080. Once this zone is reached, consider long positions with targets of 4,141 and 4,202. If the support A is broken through today, the price will likely reach the support B of 4,036–4,019. This level acts as a trend boundary, so buying opportunities may also appear near it.

XAUUSD Trading Ideas for Today:

Buy near support A of 4,091–4,080. TakeProfit: 4,141, 4,202. StopLoss: 4,052.


Euro/Dollar Forecast for Today: EURUSD Analysis

The euro keeps its bearish bias today. Last week, the price tested the resistance B of 1.1482–1.1468. Sellers defended the zone, and the price began to decline toward the first bearish target of 1.1403. Therefore, short positions can be kept open today until this target is reached. The second target is the June low near 1.1324.

If the euro exceeds the resistance B today, the short-term downtrend will reverse. In that case, consider buying the pair with a target in the upper Target Zone of 1.1641–1.1612.

EURUSD Trading Ideas for Today:

Hold short trades opened at resistance B of 1.1482 – 1.1468. TakeProfit: 1.1403, 1.1324. StopLoss: 1.1512.


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

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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7 07, 2026

Platinum price is waiting for the negative momentum– Forecast today – 7-7-2026

By |2026-07-07T11:35:16+03:00July 7, 2026|Forex News, News|0 Comments


 

 

Platinum price attempted to settle within the minor bearish channel’s levels by its fluctuation near $1605.00 level, taking advantage of the negative factors that are represented by forming main barrier at $1745.00 level, besides the attempt of providing negative momentum by the main indicators, especially by stochastic stability below 80 level.

 

Therefore, we will keep preferring the bearish trend in the near trading, to expect breaking $1600.00 level and holding below it to begin targeting negative stations, which might begin at $1570.00 and $1510.00.

 

The expected trading range for today is between $1570.00 and $1650.00

 

Trend forecast: Bearish 





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7 07, 2026

Silver Price Forecast: XAG/USD struggles below key SMAs despite easing Fed hike bets

By |2026-07-07T03:33:04+03:00July 7, 2026|Forex News, News|0 Comments


Silver (XAG/USD) pauses a four-day winning streak on Monday as buyers take a breather following last week’s 5.55% rally. A firmer US Dollar (USD) is also capping the precious metal’s upside. At the time of writing, XAG/USD is trading around $61.75, easing from its intraday high of $63.28, the highest level since June 23.

The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies is trading around 101.12, up 0.22% on the day.

Despite Monday’s modest pullback, Silver’s near-term outlook remains supported by easing expectations of a near-term Federal Reserve (Fed) interest rate hike following weaker-than-expected US Nonfarm Payrolls (NFP) data released on Thursday.

However, the technical picture tells a different story, as Silver remains capped below both its short- and long-term moving averages.

Technical analysis:

In the daily chart, XAG/USD remains in a bearish near-term bias as price holds below the 21-day Simple Moving Average (SMA) at $63.45 and the broader 200-day SMA at $70.06, underscoring a market that is still capped by medium- and long-term trend resistance.

The Relative Strength Index (RSI) has recovered from oversold levels but remains around 42, while the Moving Average Convergence Divergence (MACD) has turned slightly positive, suggesting the rebound may be temporary within the broader downtrend.

On the topside, initial resistance emerges at the 21-day SMA near $63.45, with a more meaningful barrier at the $70 horizontal level, reinforced by the 200-day SMA at $70.06 and the 50-day SMA at $71.05 clustering just above.

Further up, the 100-day SMA around $74.81 precedes additional caps at $80 and $90. On the downside, the next notable support is the horizontal floor near $55.00, where buyers could attempt to stabilize the decline if bearish pressure resumes.

In the weekly chart, XAG/USD holds a clear bullish structural bias as price remains well above the 100-week and 200-week Simple Moving Averages (SMAs) at roughly $48.34 and $36.24, respectively, underscoring a firmly supported medium-term uptrend.

Momentum, however, looks subdued: the RSI hovers near 43, while the Moving Average Convergence Divergence (MACD) remains negative, which together hint that upside traction is waning despite the broader bullish backdrop.

On the topside, initial resistance emerges at the 50-week SMA near $64.35, with a stronger barrier higher up at the 21-week SMA around $73.93, levels that would need to be reclaimed to revive a more aggressive bullish phase.

On the downside, immediate support is seen at the 100-week SMA at $48.34, ahead of the deeper structural floor at the 200-week SMA near $36.24, where the broader bullish trend would be expected to attract buyers on a more pronounced correction.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

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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6 07, 2026

WTI Crude Oil Price Forecast: OPEC Production Increase Combined With Hormuz Strait Navigation May Drag Prices Down to $60.

By |2026-07-06T23:32:02+03:00July 6, 2026|Forex News, News|0 Comments


TradingKey – As of the Asian session on July 6, WTI ( USOIL) crude oil prices extended last Friday’s rebound during intraday trading, peaking at $69.26 before consolidating around $68.60. From a technical perspective, oil prices have recovered after falling to a near four-month low, but the strength of the rebound remains limited. This is primarily due to the ongoing transit through the Strait of Hormuz and OPEC’s production increase measures.

From a fundamental perspective, WTI crude oil prices rebounded before paring gains today. The core reason is that while short-term prices rebounded due to previous oversold conditions and some Middle East uncertainties, the medium-term supply side is releasing more bearish signals.

First, the gradual recovery of transit through the Strait of Hormuz is a key factor suppressing the upward movement of oil prices. Previously, conflicts involving the U.S., Israel, and Iran briefly led to increased shipping risks in the Gulf, causing some tankers to reroute or delay transit through critical waterways, which drove up the oil price risk premium on fears of disrupted Middle East crude exports. However, the latest updates indicate that while some tankers still took unusual detours on Saturday, the main shipping lanes of the Strait of Hormuz had returned to near-normal by Sunday.

For WTI, the restoration of transit through the Strait of Hormuz directly eroded the geopolitical risk premium. Previously, oil prices were able to find some support at lower levels primarily due to market concerns over Middle East supply disruptions. Once the critical transport corridor recovered, traders shifted their focus back to actual supply and demand rather than continuing to bet on a war premium.

Second, the latest OPEC+ decision to increase output has further heightened oversupply concerns. OPEC+ has approved a production hike of 188,000 barrels per day for next month, driven mainly by Saudi Arabia and Russia.

In addition, the potential return of Iranian exports is putting further pressure on oil prices. The latest reports indicate that Iran has begun discussions with Japanese companies to resume crude oil sales under a temporary U.S. sanctions waiver framework. The waiver is valid for 60 days and will run until August 21. If Japanese buyers ultimately resume purchasing Iranian crude, it would mark a significant shift since 2019 and suggest that Iranian crude could reopen parts of the Asian market outside of China.

WTI crude oil daily chart, Source: TradingView

Looking at the daily chart of WTI crude oil, although today’s oil price continued last week’s rebound at the open and briefly surged above $69 during the session, it fell back to around $68 intraday. This indicates heavy upward pressure on market bulls, with market sentiment leaning more towards the bears. Meanwhile, the recent K-line movement of oil prices has remained below the 5-day Simple Moving Average (SMA5), further proving that market sentiment is tilted to the bearish side.

Currently, as oil prices have broken below the $70 psychological level and the Fibonacci 0.786 retracement level of $69.40, the downside space for oil prices has opened up further. The primary target will be to test the $60 psychological level on the downside. If oil prices fail to hold $60, they will fall further toward the Fibonacci 1.0 retracement level near $56.

On the upside, key resistance levels above to watch are $69.40-$70. Only if oil prices can establish a firm foothold above $70 will the upside space be opened, with the potential to test $73 on the upside, and further up, watch $78.

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





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6 07, 2026

Platinum price delays the decline– Forecast today – 6-7-2026

By |2026-07-06T19:30:19+03:00July 6, 2026|Forex News, News|0 Comments


 

 

(ETHUSD) declined slightly in its latest intraday trading, due to the stability of the resistance at $1,775, which was our last expected targets, with the beginning of negative overlapping signals’ emergence on the relative strength indicators after reaching overbought levels, and there is a possibility to form negative divergence.

 

On the other hand, the price is benefited from the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of the bullish corrective trend on the short-term basis, so we might witness some bearish corrective rebounds to look for a new rising low, that might provide bullish momentum to help the price breach this resistance.





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6 07, 2026

The EURJPY attempts to recover the bullish trend– Forecast today – 6-7-2026

By |2026-07-06T15:29:09+03:00July 6, 2026|Forex News, News|0 Comments


 

 

Platinum prices forced to delay the negative trading due to the continuation of providing positive momentum by stochastic, fluctuating above the minor bearish channel’s resistance, to settle near $1640.00.

 

The price might manage to record some gains by its rally towards $1695.00, however it will not change the main bearish scenario due to its stability below $1745.00 barrier, while the decline below $1600.00 will force it to provide sharp negative trading, to target $1570.00 level reaching the next negative target near $1510.00.

 

The expected trading range for today is between $1600.00 and $1690.00

 

Trend forecast: Fluctuating within the bearish trend

 

 





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6 07, 2026

Silver Price Forecast: XAG/USD Correction Deepens As Oil Rally Caps Downside

By |2026-07-06T11:28:08+03:00July 6, 2026|Forex News, News|0 Comments







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