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Morning market review - Friday, May 15, 2026

Technical analyses of 12 instruments with options data

Kacper MrukMay 15, 2026Updated: May 15, 20261 min read

Morning market review shows strong bullish sentiment, with the Fear & Greed index indicating a level of 66, which signifies dominant greed among investors. In the context of stable monetary policy, the current Fed interest rate of 3.50-3.75% remains unchanged, which may encourage further investments. In the near future, attention will focus on the upcoming FOMC meeting scheduled for June 17. In today's analysis, we will look at twelve key instruments that may gain significance in light of current market trends.

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Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin continues its upward trend, although it is currently in a correction phase. The price oscillates around the level of 80,600 USD, indicating a possible consolidation. Support is at the level of 76,000 USD, and resistance is around 84,000 USD. Technical indicators, such as RSI, signal potential exhaustion of buying strength, which may suggest further correction before the continuation of the upward movement. Volume remains relatively stable, which may indicate a cautious approach from investors.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, Bitcoin shows signs of consolidation after a recent drop from around 82,000 USD. The price is testing support at the 80,000 USD level, which could be crucial for the short-term direction. A break of this level could lead to further declines towards 78,000 USD. On the other hand, if buyers manage to defend this level, upward bounces towards 82,000 USD are possible.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

On the hourly chart, Bitcoin is trying to bounce back after the drop from the level of 81,000 USD. Currently, the price is hovering around 80,600 USD, and short-term resistance is at the level of 81,200 USD. Support lies around 80,000 USD. The volume indicates moderate activity, suggesting that investors are waiting for a clearer directional signal before making a decision.

Bitcoin - 15min Chart

Bitcoin - 15min Chart

The 15-minute chart shows that Bitcoin is in a short-term rebound phase. Key support is forming at the level of 80,400 USD, and resistance at 80,800 USD. We are observing an increase in volume at the current price level, which may suggest potential upward moves if support is maintained.

Bitcoin - Options data

Options data for the IBIT ETF indicates a strong bullish sentiment with a low put/call ratio of 0.31. High open interest around the strike prices of $45 and $46 suggests key support and resistance levels. The maximum pain point is at $45, which may suggest that investors expect stabilization around this level. A large call volume relative to puts may support further increases, provided that current market conditions are maintained.

Bitcoin - Summary

Analysis indicates a moderate upward trend with a possible correction in the short term. Key levels are support at 80,000 USD and resistance at 82,000 USD. Market sentiment is optimistic, supported by options data, but investors should be cautious, watching for potential moves influenced by macroeconomic indicators.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

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Ethereum - 4H Chart

Ethereum - 4H Chart

Error generating H4 analysis

Ethereum - 1H Chart

Ethereum - 1H Chart

Error generating H1 analysis

Ethereum - 15-minute chart

Ethereum - 15-minute chart

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Ethereum - Summary

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Gold - Daily Chart (D1)

Gold - Daily Chart (D1)

On the daily chart of XAUUSD, a downward trend is visible, continuing after reaching a peak around 4800. Currently, the price is around 4570, indicating a decrease of 1.75% during the day. Technical indicators signal possible further weakening, and key support can be observed near 4500. Resistance is at the level of 4700, which previously acted as support. An increase in volume during declines suggests that selling pressure may persist.

Gold - 4H Chart

Gold - 4H Chart

On the 4-hour chart of XAUUSD, the price is characterized by a clear downward channel. The last hours brought a sharp decline below 4600, which may be a continuation of the correction after the recent rally. Key support can be observed around 4550, while resistance is building at 4650. Oscillators indicate possible overselling, which may lead to a short-term rebound.

Gold - 1H Chart

Gold - 1H Chart

The hourly chart of XAUUSD shows dynamic price movements with a strong drop below 4600. The short-term trend is definitely bearish, with the possibility of further testing lower support levels. Local support is around 4550, and the nearest resistance is at 4620. Current levels suggest possible overselling, but there are no reversal signals.

Gold - 15-minute chart

Gold - 15-minute chart

On the 15-minute chart of XAUUSD, there is intense selling activity, which has led to a drop below 4600. The price is testing support at 4570, while resistance is at 4600. Dynamic fluctuations and an increase in volume may suggest an attempt to bounce back, however, the short-term trend remains bearish.

Gold - Options Data

Options data for GLD indicates a very bullish sentiment with a zero put/call ratio. Open interest for call options is significantly higher than for put options, suggesting optimism among investors. Key call levels, such as the $400 strike, are noticeably below the current price, which may suggest limited room for further declines. Max pain at $400 may act as psychological support.

Gold - Summary

Technical analysis of XAUUSD indicates a continuation of the downward trend with key support at 4550 and resistance at 4700. Options data suggests a bullish sentiment, which may limit further declines. The short-term bias remains bearish, but local rebounds are possible due to overselling. It is recommended to monitor the level of 4550 as key support.

Silver - Daily Chart (D1)

Silver - Daily Chart (D1)

On the daily chart of XAGUSD, a strong price drop is visible, currently at around 78.53 USD. After an earlier rise to the level of 83.88 USD, the price has sharply fallen, showing a clear trend reversal. The current support level can be identified around 76 USD, where the price may find a temporary halt. Technical indicators may suggest the possibility of further declines, especially as trading volume has increased during the recent downward sessions.

Silver - 4H Chart

Silver - 4H Chart

On the 4-hour chart, there is a continuation of the downward trend that started after reaching a peak at 88 USD. The price has broken through the support at 80 USD and is currently testing lower levels. The trading volume remains high, which may suggest continued interest from sellers. Key support is at 76 USD, which may be a target for short-term sellers.

Silver - 1H Chart

Silver - 1H Chart

The hourly chart shows dynamic downward movements with several attempts at corrective rebounds. The price is stuck below 80 USD, which may act as resistance in the short term. We are observing increased volume during declines, which confirms selling pressure. In the event of further declines, investors may target short-term support at 77 USD.

Silver - 15min Chart

Silver - 15min Chart

On the 15-minute chart, consolidation is visible after sharp declines. The price oscillates in a narrow range between 78.50 and 78.75 USD. Increased volume in the recent candles may suggest an attempt at stabilization; however, the lack of a clear direction may lead to further volatility in the short term. Key support is located at 78.25 USD.

Silver - Options data

Options data for SLV indicates a very optimistic market sentiment with a dominant number of call options. The Put/Call ratio is 0.00, suggesting a lack of interest in protection against declines. The greatest interest in calls is at the strikes of 70 USD and 75 USD. The sentiment is very bullish, and the maximum pain level is at 70 USD, suggesting potential support at this level.

Silver - Summary

Technical analysis of XAGUSD indicates a strong downward trend with key support at the level of 76 USD. Market sentiment is very bullish according to options data, however, the current price dynamics suggest selling pressure. Key resistance levels are at 80 USD, and support is at 77 USD. Further economic events may impact volatility, and investors should monitor price reactions at support and resistance levels.

S&P 500 - Daily chart (D1)

S&P 500 - Daily chart (D1)

On the daily chart, the S&P 500 continues its strong upward trend, reaching new highs. Momentum is positive, as confirmed by a large green candle and increasing volume. The index has broken through the key level of 7500 points, suggesting further upside potential. Technical indicators, such as RSI, may be approaching overbought levels, which could suggest a possible correction in the short term. However, the current sentiment remains bullish, supported by positive macroeconomic data.

S&P 500 - 4H Chart

S&P 500 - 4H Chart

On the 4-hour chart, the S&P 500 maintains a strong bullish momentum. Recent candles indicate consolidation around 7500 points, which may be a preparation for further increases. Volume is stable, suggesting that the market is not yet overbought. Potential support can be found at the level of 7400 points. A breakout above 7510 points may open the way for further increases.

S&P 500 - 1H Chart

S&P 500 - 1H Chart

On the hourly chart, the S&P 500 is showing slight consolidation after reaching a peak at 7500 points. Short-term support is at 7480 points. The volume on hourly candles is variable, indicating possible short-term directional changes. A breakout above the current levels may confirm further upward movement, while a drop below 7480 may indicate a short-term correction.

S&P 500 - 15-minute chart

S&P 500 - 15-minute chart

On the 15-minute chart, stabilization is visible around the level of 7500 points. Short-term support is at the level of 7490 points. Volume suggests that investors are cautious before a potential continuation of the movement. Technical indicators are neutral, which may suggest a temporary consolidation before the next move. Maintaining above 7490 points is crucial for further increases.

S&P 500 - Options data

Options data indicates a very bullish sentiment with a Put/Call Ratio of 0.00, which means there is no interest in put positions. The greatest interest in calls is below the current price, with maximum pain at 650, suggesting that the market does not expect significant declines. The volume and open call positions are significantly higher than puts, further supporting a bullish scenario for the S&P 500 in the short term.

S&P 500 - Summary

The S&P 500 is in a strong upward trend, confirmed by chart data and a very bullish options sentiment. Key support is located at the level of 7480-7490, and resistance at 7510 points. Breaking through these levels may determine the further direction of movement. The overall bias remains bullish, supported by positive macroeconomic data and a stable monetary policy environment.

Oil - Daily Chart (D1)

Oil - Daily Chart (D1)

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Oil - 4H Chart

Oil - 4H Chart

Error generating H4 analysis

Oil - 1H Chart

Oil - 1H Chart

Error generating H1 analysis

Oil - 15min Chart

Oil - 15min Chart

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Oil - Summary

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Euro/Dollar - Daily Chart (D1)

Euro/Dollar - Daily Chart (D1)

On the daily chart of EUR/USD, a strong downward trend is visible, which has been ongoing for several weeks. Recent candles indicate a continuation of selling pressure, with a breach of support at 1.1650. Oscillators, such as RSI, are approaching the oversold zone, which may suggest the possibility of a short-term rebound. Key support is at 1.1600, and resistance is at 1.1750. Volume indicates increased activity from sellers, confirming the bearish sentiment.

Euro/Dollar - 4H Chart

Euro/Dollar - 4H Chart

On the 4-hour chart of EUR/USD, a strong decline below the level of 1.1650 is visible, confirming the downward trend. The price continues to move downwards, with possible support at the level of 1.1600. Technical indicators indicate oversold conditions, which may suggest the possibility of a short-term rebound. The nearest resistance is at the level of 1.1700. An increase in volume during declines suggests the strength of the supply side.

Euro/Dollar - 1H Chart

Euro/Dollar - 1H Chart

The hourly chart of EUR/USD shows a dynamic decline, with current support at 1.1620. The price remains under pressure, and the lack of significant bounces suggests that the downward trend may continue. Oscillators, such as RSI, are in the oversold zone, which may indicate the possibility of a short correction upward. Resistance can be identified at 1.1660.

Euro/Dollar - 15-minute chart

Euro/Dollar - 15-minute chart

On the 15-minute chart of EUR/USD, consolidation is noticeable after a dynamic decline. The level of 1.1620 acts as short-term support, with resistance at 1.1640. Technical indicators suggest the possibility of a short rebound, however, the overall sentiment remains bearish. Volume is moderate, indicating a temporary stabilization before the next move.

Euro/Dollar - Options data

Option data indicates a very bullish sentiment with a low put/call ratio of 0.21. The highest number of open call positions is at the $106 level, which corresponds to the current ATM price. The maximum pain is at the $109 level, suggesting that investors may expect an increase in EUR/USD in the short term. The low volume of puts compared to calls highlights expectations for increases. Despite downward pressure in the spot market, options suggest a possible rebound.

Euro/Dollar - Summary

EUR/USD is under bearish pressure, with key support at 1.1600 and resistance at 1.1750. Options data indicates a potential rebound, which may be supported by a low put/call ratio. In the short term, a rebound is possible, but the overall trend remains bearish. Key levels to watch are 1.1620 as support and 1.1700 as resistance.

Pound/Dollar - Daily Chart (D1)

Pound/Dollar - Daily Chart (D1)

On the daily chart of GBP/USD, a clear downward trend is visible, with the last close at 1.3354, which means a decrease of 0.35%. Currently, the price is approaching key support around 1.3300, which has been tested in the past. Technical indicators, such as RSI, indicate the possibility of continued declines, being close to the oversold level. The downward trend is also confirmed by moving average crossovers. In the event of further declines, the next support may be at 1.3200.

Pound/Dollar - 4H Chart

Pound/Dollar - 4H Chart

On the 4-hour chart of GBP/USD, a downward movement is visible, which started after a bounce from the level of 1.3700. Currently, the price is below all major moving averages, confirming the negative sentiment. Support is forming at the level of 1.3300, and resistance at 1.3400. Oscillators indicate the possibility of a short-term bounce, however, the trend remains bearish.

Pound/Dollar - 1H Chart

Pound/Dollar - 1H Chart

The hourly chart shows a dynamic downward movement with short upward corrections. The price is currently below 1.3360, indicating further selling pressure. The MACD indicator is negative, and the RSI suggests a possibility of a slight rebound from oversold levels. Key support is at 1.3300, and resistance is at 1.3380.

Pound/Dollar - 15-minute chart

Pound/Dollar - 15-minute chart

On the 15-minute chart of GBP/USD, intense selling pressure is noticeable, with the price oscillating around 1.3350. Short-term support is at 1.3330, and resistance is at 1.3360. Gains are limited, and the dominant trend is bearish. Oscillators indicate the possibility of short-term consolidation.

Pound/Dollar - Options data

The current price of the FXB ETF is 127.00 USD with a put/call ratio of 1.11, indicating a dominance of put options and a bearish market sentiment. Key support levels for put options are $130 and $126, corresponding to a rise of 2.4% and a drop of 0.8% from the ATM price. The maximum pain point is $130, suggesting that many investors may be caught off guard if the price rises above this level. Overall option sentiment supports further declines on GBP/USD.

Pound/Dollar - Summary

GBP/USD is in a strong downtrend across all analyzed time frames. Key support is at 1.3300, and resistance is at 1.3400. Market sentiment and options data indicate further selling pressure, with possible short-term rebounds. Investors should prepare for potential testing of support at 1.3300, and in the case of a rebound, for resistance levels around 1.3400.

Australian Dollar/Dollar - Daily Chart (D1)

Australian Dollar/Dollar - Daily Chart (D1)

On the daily chart of AUD/USD, it can be seen that the currency pair has lost its upward momentum and is currently correcting after reaching local peaks around 0.7220. The current level of 0.7161 acts as support, but its breakdown could lead to further declines towards 0.7100. Moving averages indicate the possibility of further correction, and the RSI is starting to decline, suggesting a weakening of bullish strength.

Australian Dollar/Dollar - 4H Chart

Australian Dollar/Dollar - 4H Chart

On the 4-hour chart of AUD/USD, there is a clear downtrend, with a series of lower highs and lows. The current support level is around 0.7150, and its break could open the way for further declines towards 0.7120. The oscillators are in the oversold zone, which may suggest a short-term upward correction.

Australian Dollar/Dollar - 1H Chart

Australian Dollar/Dollar - 1H Chart

The hourly chart shows that AUD/USD continues to decline, with resistance at 0.7180. Technical indicators are in the oversold zone, which may indicate a potential rebound. However, as long as the price remains below 0.7180, the selling pressure is likely to persist.

Australian Dollar/Dollar - 15min Chart

Australian Dollar/Dollar - 15min Chart

On the 15-minute chart, AUD/USD is consolidating in the range of 0.7150–0.7165. Short-term indicators suggest a possible rebound, but the direction remains uncertain. A break of the 0.7165 level could lead to a short-term upward move.

Australian Dollar/Dollar - Options Data

Options data for FXA indicates a moderately bullish sentiment with a put/call ratio of 0.59. Key call levels are at $72 with the largest open interest. Max pain at $72 suggests that this is a key level for investors, with the current price being below this level. Supports are at $68 and $70, which may suggest that investors are hedging against declines.

Australian Dollar/Dollar - Summary

AUD/USD is currently showing a downward trend with key support at 0.7150. If this level is broken, further declines towards 0.7100 may occur. The options sentiment is moderately bullish, with max pain at $72, indicating possible resistance around 0.7220. Caution is advised due to market volatility and macroeconomic data.

Dollar/Yen - Daily Chart (D1)

Dollar/Yen - Daily Chart (D1)

On the daily chart of USD/JPY, we see a continuation of the upward trend. The recent candles show bullish momentum, with the price oscillating around 158.48. The resistance level is located around 160.00, while support is found at 157.00. The Relative Strength Index (RSI) is approaching the overbought zone, which may suggest a potential correction before further increases. The rises may be supported by fundamentals such as inflation data from the USA.

Dollar/Yen - 4H Chart

Dollar/Yen - 4H Chart

The 4-hour chart shows a strong upward trend, with the price consolidating near local highs. The current price of 158.48 is above key moving averages, suggesting the continuation of the upward trend. The nearest support is at 157.50, and the nearest resistance is around 159.50. Momentum is still positive, but short-term corrections are possible.

Dollar/Yen - 1H Chart

Dollar/Yen - 1H Chart

On the hourly chart, we observe a slight correction after the recent increase, with the price maintaining itself in a narrow range. The nearest support is at 158.20, while resistance is around 158.80. The RSI indicates slight overbought conditions, which may suggest further corrections in the near future. However, the overall trend remains upward.

Dollar/Yen - 15min Chart

Dollar/Yen - 15min Chart

The 15-minute chart indicates consolidation after previous gains. The current price is oscillating around 158.48, and local support is at 158.30. Short-term resistance is around 158.60. Technical indicators suggest the possibility of short-term sideways movements before a potential breakout.

Dollar/Yen - Options data

Options data for the FXY ETF shows a very bullish sentiment with a low put/call ratio of 0.08. The highest interest in calls is at the $59 strike, which suggests expectations for further increases in USD/JPY. High open interest at the $58 and $59 levels supports this scenario. Max pain at $58 suggests that the market may aim for this level by the options expiration.

Dollar/Yen - Summary

USD/JPY shows a bullish attitude across all analyzed time frames, with the possibility of short-term corrections. Key levels are support at 157.00 and resistance around 160.00. FXY options data supports the bullish scenario, with significant interest at call levels. Overall market sentiment remains positive, with strong support from macroeconomic fundamentals.

Dollar/Franc - Daily Chart (D1)

Dollar/Franc - Daily Chart (D1)

On the daily chart of USD/CHF, a clear upward trend is visible after bouncing off the support level around 0.7550. Currently, the price is oscillating around 0.7850, testing previous resistances. Technical indicators suggest further upward potential, but we are approaching earlier resistance levels around 0.7900. A breakout of this level could open the way for further increases towards 0.8000.

Dollar/Franc - 4H Chart

Dollar/Franc - 4H Chart

The 4-hour chart shows a dynamic rebound from the support level of 0.7700. The price is quickly approaching the key resistance at 0.7880. If this level is surpassed, we expect further growth towards 0.7920. Technical indicators are in the overbought zone, which may suggest a potential correction before further increases.

Dollar/Franc - 1H Chart

Dollar/Franc - 1H Chart

On the hourly chart, there is a continuation of the short-term upward trend. The key resistance is at the level of 0.7880, which will be significant for the further development of the situation. The RSI and MACD indicators suggest a possible exhaustion of buying strength, which may result in a short-term correction towards 0.7830, where the nearest support is located.

Dollar/Franc - 15min Chart

Dollar/Franc - 15min Chart

In the 15-minute perspective, the price is moving in a narrow range of 0.7840-0.7860, with visible attempts to break the upper limit. The current consolidation may indicate a temporary pause before further movement. Technical support is at 0.7830, and resistance is at 0.7880, which defines the range for short-term traders.

Dollar/Franc - Options Data

Options data for FXF indicates a dominance of put options with a put/call ratio of 1.12, suggesting a bearish sentiment. Key resistance levels are at strikes of $114 and $115, which translates to corresponding increases in USD/CHF above current levels. Max pain at $114 suggests a possible return to this level, which may affect current valuations.

Dollar/Franc - Summary

USD/CHF shows signs of a continuation of the upward trend with key resistance at 0.7880. A break of this level could lead to further increases towards 0.7920. Short-term support is at 0.7830. The options sentiment is bearish, which suggests caution when making decisions about new long positions.

Dollar/Canadian Dollar - Daily Chart (D1)

Dollar/Canadian Dollar - Daily Chart (D1)

On the daily chart of USD/CAD, we observe an upward trend, where the price is currently at 1.3749. After the recent bounce from the level of 1.3400, the currency pair is approaching potential resistance at 1.3800. Moving averages indicate a continuation of the upward movement, but RSI suggests that the market may soon enter the overbought zone. It is worth watching whether the level of 1.3800 will be broken, which would open the way for further increases towards 1.4000.

Dollar/Canadian Dollar - 4H Chart

Dollar/Canadian Dollar - 4H Chart

On the 4-hour chart, USD/CAD continues to move upward, creating higher lows and highs. Local resistance is around 1.3760, and support is at 1.3680. Volume has increased, which may suggest further buying interest. If the price breaks above 1.3760, it is possible to reach the next resistance at 1.3800.

Dollar/Canadian Dollar - 1H Chart

Dollar/Canadian Dollar - 1H Chart

The hourly chart shows a dynamic increase, with the price remaining above the level of 1.3740. The nearest support is at 1.3700, and resistance is at 1.3765. The RSI on this timeframe indicates overbought conditions, which may lead to a short-term correction. Watch for price reactions at the levels of 1.3765 and 1.3700.

Dollar/Canadian Dollar - 15min Chart

Dollar/Canadian Dollar - 15min Chart

On the 15-minute chart, there is consolidation in the range of 1.3740-1.3755. Short-term buying pressure may lead to testing the resistance at 1.3755. If broken, a quick move towards 1.3765 is possible. Short-term support is at 1.3730.

Dollar/Canadian Dollar - Options Data

Options data indicates a very bullish sentiment with a Put/Call ratio of 0.26. The high level of open interest in Call positions at the $81 strike suggests the possibility of further increases in USD/CAD. Key support levels are at the $70 and $61 strikes. Max Pain at $81 indicates that market participants expect an increase in the value of the ETF linked to USD/CAD.

Dollar/Canadian Dollar - Summary

USD/CAD shows an upward bias with key resistance at 1.3800 and support at 1.3700. Market sentiment is bullish, which is also confirmed by options data. If the price breaks above 1.3760, further increases towards 1.4000 are possible. It is worth monitoring market reactions at resistance and support levels in the context of increasing volume and high bullish sentiment.

Frequently Asked Questions

How to analyze trading instruments effectively?
Effective analysis combines technical analysis (charts, patterns, indicators) with fundamental analysis (economic data, news events). Understanding both short-term price action and long-term trends is essential.
How do Fed decisions impact markets?
Fed rate decisions affect all asset classes. Higher rates strengthen USD, pressure gold prices, and often weigh on stocks. The tone of Fed communication is often more important than the decision itself.

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