AnalysisOIL

Morning market review - Friday, May 29, 2026

Technical analyses of 12 instruments with options data

Kacper MrukMay 29, 2026Updated: May 29, 20261 min read

This morning in the markets is characterized by moderate optimism, as reflected by the Fear & Greed index, which indicates a state of "Greed" at a level of 60. In the context of monetary policy, the Fed's interest rate currently stands at 3.50-3.75, and the next FOMC meeting is scheduled for June 17, 2026. Among today's key events, notable mentions include the speech by BOE Governor Andrew Bailey at 8:20 (Warsaw time) and the publication of Canada's GDP data at 12:30 (Warsaw time). In the analysis, we will take a look at 12 selected instruments, considering their reactions to this important information.

Related Instrument

More analysis about Crude Oil:

➜ Crude Oil - Analizy i prognozy


Related Topics


Related Analysis


Further Reading

Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin shows a downward trend, with a clear resistance at 76,000 USD. Current support is around 72,000 USD. Moving averages suggest a continuation of the downward trend, with the 50-day average below the 200-day average. The RSI is in the neutral zone, which may indicate a possible rebound, but there are no clear buy signals. The increase in volume in recent days may suggest increased volatility.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, Bitcoin shows an attempt to stabilize after recent declines. The price has bounced off the support level of 73,000 USD, and the nearest resistance is at 74,500 USD. The RSI indicates a slight improvement in sentiment, approaching neutral levels. The MACD shows potential signs of a trend reversal, but this requires confirmation through further price increases.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

On the hourly chart, Bitcoin shows signs of a short-term recovery. The price has broken above 73,500 USD, which may open the way to test resistance at 74,000 USD. The RSI is approaching the overbought zone, which may suggest the possibility of a correction. Volume remains moderate, indicating a cautious approach from investors.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

The 15-minute chart shows a short-term rebound, with the price oscillating around 73,600 USD. There is an increase in trading activity, which may suggest greater volatility in the coming hours. The nearest resistance is at 73,800 USD, and support is at 73,300 USD. The short-term RSI is in the neutral zone.

Bitcoin - Options data

Option data suggests a bearish sentiment with a put/call ratio of 1.26. Key support levels are 40 USD and 41 USD, with significant open interest at these strikes. The max pain level is 45 USD, indicating the possibility of continued selling pressure. The volume of put options exceeds that of calls, further emphasizing the negative market sentiment in the short term.

Bitcoin - Summary

Bitcoin is under downward pressure with key support at 72,000 USD and resistance at 76,000 USD. A short-term rebound is visible on lower timeframes, but the overall sentiment remains negative. Key levels to watch are 73,800 USD as short-term resistance and 73,000 USD as support. The options sentiment is bearish, which may suggest further declines.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart of Ethereum, we observe a long-term downtrend. The price oscillates around the level of 2011.8 USD, indicating a possible consolidation. Key support is at the level of 1900 USD, while resistance is at 2200 USD. The volume is relatively low, which may suggest a lack of decisiveness among investors. Technical indicators, such as RSI, indicate neutral market conditions, which may lead to further consolidation in the short term.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, Ethereum is in a consolidation phase after recent declines. The price has bounced off the support level of 1950 USD and is testing the resistance area around 2050 USD. Volume is increasing as it approaches resistance, which may suggest a potential breakout upwards. However, the current trend still remains bearish from a medium-term perspective.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart shows a slight rebound from the 2000 USD level, with the price testing resistance at 2020 USD. Short-term technical indicators, such as MACD, are beginning to show signs of bullish divergence; however, the volume does not yet confirm a significant upward movement. Observing the price reaction at key resistance and support levels will be crucial.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart, there is a slight upward momentum, with the price rising to the level of 2011 USD. The short-term RSI indicator is in the neutral zone, suggesting a lack of a strong trend. Short-term support is located at 2000 USD, and resistance at 2020 USD, indicating the possibility of short-term consolidation.

Ethereum - Options data

Options data indicates a dominance of put options, suggesting a bearish sentiment in the market. The Put/Call Ratio at 3.27 confirms the prevalence of bearish moods. Key resistance levels on call options indicate possible upward targets at 16 USD and above. However, with the current sentiment, testing lower support levels seems more likely.

Ethereum - Summary

Ethereum shows bearish sentiment with a dominance of put options and a Put/Call Ratio of 3.27. Key support is at 1900 USD, while resistance is at 2200 USD. In the short term, further consolidation between 2000 and 2020 USD is possible. Given the current sentiment, further testing of support levels is likely. It is important to monitor reactions at key levels to assess potential breakouts.

Gold - Daily Chart (D1)

Gold - Daily Chart (D1)

On the daily chart, gold is bouncing off recent lows and gaining in value, approaching the resistance level around 4600 USD. The bullish candle indicates a potential continuation of the upward movement. The key support is the area of 4400 USD, and breaking the resistance at 4600 USD may open the way to higher price levels. The current trend is moderately bullish, but further momentum will depend on the reaction to the resistance levels.

Gold - 4H Chart

Gold - 4H Chart

The 4-hour chart shows a clear rebound from around 4300 USD, with the price approaching the 4550-4600 USD area, where it may encounter resistance. The bullish momentum suggests the possibility of further increases, as long as the price does not face strong resistance. Currently, we observe clear support at the 4400 USD level, which should hold in the short term if the bullish trend is to continue.

Gold - 1H Chart

Gold - 1H Chart

On the hourly chart, gold shows a stable increase after a dynamic rebound from the level of 4400 USD. Current resistance levels are around 4550-4600 USD, where the price may consolidate before further movement. Support at 4400 USD is crucial, and its maintenance will be a signal for potential growth. The bullish sentiment is supported by increasing volume.

Gold - 15min Chart

Gold - 15min Chart

The 15-minute chart indicates consolidation around 4520 USD after a sharp increase. This may suggest preparation for another move, likely upward, provided that support at 4500 USD is maintained. We are observing increased trading activity, which may support further gains in the short term.

Gold - Options Data

Options data for the GLD ETF shows a very bullish sentiment, with a zero put/call ratio. Open interest in call options indicates significant target levels in the range of $415-$430, which translates to potential increases in gold XAUUSD to levels 2.5%-6.2% above the current price. The maximum pain level at $425 suggests that investors may be aiming for higher price levels, supporting the bullish trend.

Gold - Summary

Gold XAUUSD is in a moderate uptrend with key resistance at 4600 USD and support at 4400 USD. Options data and bullish sentiment support further increases. In the short term, testing the resistance is possible, and breaking the 4600 USD level will open the way for further increases. Support at 4400 USD remains crucial for the continuation of the uptrend.

Silver - Daily Chart (D1)

Silver - Daily Chart (D1)

On the daily chart of XAGUSD, we observe consolidation in the range between 72 and 80 USD. The price is below the 50-day moving average, indicating a possible further downward movement. Technical indicators suggest a neutral sentiment, but recent candles signal selling pressure. Key support is at the level of 72 USD, while resistance is around 80 USD.

Silver - 4H Chart

Silver - 4H Chart

On the 4-hour chart, we see a sideways trend with a slight downward tendency. Price movements are limited between 74 and 78 USD. The RSI indicator is close to the 50 level, indicating a lack of a clear direction. We are observing lower highs, which may suggest further declines in the near future.

Silver - 1H Chart

Silver - 1H Chart

The hourly chart shows a slight bounce from the level of 75 USD, but there is a lack of clear buying strength. The price is moving within the range of 75-76 USD. Technical indicators, such as MACD, are beginning to suggest a potential upward correction, but the overall trend remains sideways.

Silver - 15-minute chart

Silver - 15-minute chart

The 15-minute chart indicates a slight increase in volume at the level of 75.60 USD, which may suggest a potential short-term rebound. The price is oscillating in a narrow range and there is no clear direction. Key levels are 75.50 USD as support and 76 USD as resistance.

Silver - Options data

Option data indicates a very bullish sentiment with a low put/call ratio of 0.45. High interest in call options at levels of 70 USD and above suggests bullish expectations. The most open call positions are at the level of 70 USD, which may set a key target for the market. The maximum pain at the level of 70 USD indicates a potential price increase in that direction.

Silver - Summary

Silver XAGUSD shows a neutral-bearish sentiment across multiple time frames. Key support is at 72 USD, and resistance is at 80 USD. Options data is bullish, which may suggest a potential rebound. Market sentiment is greedy, which could support increases. Investors should monitor the level of 75 USD as a short-term directional indicator.

S&P 500 - Daily chart (D1)

S&P 500 - Daily chart (D1)

The daily chart of the S&P 500 shows a strong upward trend, with a series of higher highs and lows. Recent candles indicate a continuation of this rise with a clear close above the 7500 level. Trading volume is moderate, suggesting stable interest from buyers. A key support level can be observed around 7200, while resistance is located in the 7700 zone. Technical indicators, such as RSI, may signal the possibility of short-term consolidation before further increases.

S&P 500 - 4H Chart

S&P 500 - 4H Chart

On the 4-hour chart, the S&P 500 maintains a strong upward trend. The index has reached new local highs, with minor corrections during the last sessions. Key support is located at 7400, with resistance around 7600. Trading volume suggests sustained interest from buyers. Indicators such as MACD may signal a potential continuation of the upward trend.

S&P 500 - 1H Chart

S&P 500 - 1H Chart

The hourly chart shows that the S&P 500 continues to rise, but short-term corrections are noticeable. The price oscillates near 7560, and support is visible at 7500. The volume is stable, which supports the current upward movement. Further increases are possible, but investors should watch the level of 7600 as a potential resistance.

S&P 500 - 15-minute chart

S&P 500 - 15-minute chart

On the 15-minute chart, the S&P 500 shows signs of consolidation around the level of 7560. The volume is moderate, suggesting a wait for further market impulses. Short-term support is at 7540, while the nearest resistance is near 7570. Currently, there is no clear direction, which may suggest sideways movement in the short term.

S&P 500 - Options data

Options data indicates a very bullish sentiment with a zero Put/Call Ratio and a dominant Call volume. Key Call levels, such as the strike $600 (-20.5% from ATM), have little practical significance in the short term but indicate an overall belief in further increases. The lack of open Put options further supports the bullish sentiment. The max pain at $600 is far below the current price, suggesting minimal risk of declines in the near future.

S&P 500 - Summary

The S&P 500 remains in a strong upward trend, with key support at 7400 and resistance around 7600-7700. Options data confirm bullish sentiment, suggesting further increases. In the short term, consolidation is possible before the next upward impulse. Investors should monitor reactions at levels 7540 and 7600 to identify the market's further direction.

Oil - Daily Chart (D1)

Oil - Daily Chart (D1)

On the daily WTI chart, there is a clear downtrend, with the price currently at 87.57 USD. Oil has been recording a series of lower highs and lower lows since April, indicating a continuation of the declines. The nearest support is around 85.00 USD, and resistance is at 92.00 USD. The RSI is approaching the oversold level, but has not yet exceeded key values, suggesting the possibility of further declines.

Oil - 4H Chart

Oil - 4H Chart

On the 4-hour chart, the WTI downtrend continues with visible lower highs and lows. The current price is 87.53 USD, and the nearest support is around 86.00 USD. The MACD indicates further selling pressure, and the moving averages remain in a downward arrangement, which supports the bearish sentiment.

Oil - 1H Chart

Oil - 1H Chart

The hourly chart shows continued selling pressure with the price oscillating around 87.56 USD. Technical indicators such as MACD and RSI confirm the dominance of supply. There is a potential for a short-term rebound, but the main trend remains bearish, with resistance around 89.00 USD.

Oil - 15min Chart

Oil - 15min Chart

On the 15-minute chart, consolidation is visible around the level of 87.56 USD, with slight selling pressure. The price is balancing at the boundary of local support at 87.30 USD. The RSI and MACD indicators suggest a neutral sentiment, which may lead to short-term volatility, but without a clear direction.

Oil - Options data

Options data indicates a very bullish sentiment with a Put/Call ratio at 0.00. The greatest interest in Call options is focused on strikes of 150 and 155 USD, which suggests expectations of significant increases. Conversely, the lack of open Put positions suggests no concerns about large declines. The Max Pain level is at 150 USD, which may act like a magnet for prices during the options expiration period.

Oil - Summary

WTI crude oil is in a strong downtrend, with key support at 85.00 USD and resistance at 92.00 USD. Options data indicates a bullish sentiment, which may suggest a potential rebound in the longer term. However, the short-term bias remains bearish with selling pressure persisting across various time frames.

Euro/Dollar - Daily Chart (D1)

Euro/Dollar - Daily Chart (D1)

Error generating D1 analysis for EUR/USD

Euro/Dollar - 4H Chart

Euro/Dollar - 4H Chart

Error generating H4 analysis

Euro/Dollar - 1H Chart

Euro/Dollar - 1H Chart

Error generating H1 analysis

Euro/Dollar - 15-minute chart

Euro/Dollar - 15-minute chart

Error generating M15 analysis

Euro/Dollar - Summary

Error generating summary

Pound/Dollar - Daily Chart (D1)

Pound/Dollar - Daily Chart (D1)

On the daily chart of GBP/USD, consolidation is visible after a previous decline. The currency pair oscillates in the range of 1.3400 - 1.3500. The support area is near 1.3400, while resistance is at 1.3500. Moving averages indicate a continuation of the sideways trend. The lack of a clear direction suggests that investors are waiting for new impulses that may arise from upcoming macroeconomic data or statements from central bank representatives.

Pound/Dollar - 4H Chart

Pound/Dollar - 4H Chart

On the 4-hour chart of GBP/USD, there is an attempt to bounce off the level of 1.3430 after a previous decline. Currently, the price is near 1.3440. The RSI indicates potential bullish momentum, but the pair still remains in a narrow channel. The nearest resistance is at 1.3470. Breaking this level may open the way for further gains. On the other hand, support is at 1.3400.

Pound/Dollar - 1H Chart

Pound/Dollar - 1H Chart

On the hourly chart, the GBP/USD pair shows slight signs of strength, trying to break above 1.3440. The RSI indicator is neutral, which may suggest consolidation in the short term. Support is visible at 1.3430, and resistance at 1.3455. A breakout of either of these levels may indicate the further direction of the price movement.

Pound/Dollar - 15-minute chart

Pound/Dollar - 15-minute chart

On the 15-minute chart of GBP/USD, there is stabilization around the level of 1.3440. The short-term sideways trend suggests a lack of decisiveness among investors. Support is at the level of 1.3435, and resistance is at 1.3450. A breakout of one of these levels may provide a signal for a short-term trade.

Pound/Dollar - Options data

Analysis of options on the ETF FXB indicates a clear bearish sentiment, with a high PUT/CALL ratio of 3.92. Key put levels at $128 and $125 suggest support in the event of further declines. The maximum pain at $128 indicates a potential point where many options investors may incur losses, which could impact the GBP/USD rate. The current options market structure suggests a higher likelihood of further declines.

Pound/Dollar - Summary

The current market sentiment for GBP/USD is mixed, with options indicating a bearish trend. Key levels are 1.3400 as support and 1.3500 as resistance. Upcoming events, such as the speech by the BOE governor, may bring volatility. In the short term, the lack of a clear direction and consolidation suggest waiting for new macroeconomic data.

Australian Dollar/Dollar - Daily Chart (D1)

Australian Dollar/Dollar - Daily Chart (D1)

On the daily chart of AUD/USD, consolidation is visible in the range of 0.7150-0.7200 after a previous increase. The current price is close to the 50-day moving average, indicating a possible movement in both directions. Key support is around 0.7100, while resistance is at 0.7250. The RSI is at a neutral level, suggesting a lack of clear direction. Investors should pay attention to upcoming macroeconomic data that may affect volatility.

Australian Dollar/Dollar - 4H Chart

Australian Dollar/Dollar - 4H Chart

The 4-hour chart shows that the pair is moving in a narrow price range between 0.7140 and 0.7180. Currently, the price is testing the resistance level of 0.7180, which may indicate a potential breakout to the upside. Technical indicators, such as MACD, suggest the possibility of a continuation of the upward movement, but there is a lack of clear momentum. A breakout above 0.7180 will open the way to the level of 0.7220.

Australian Dollar/Dollar - 1H Chart

Australian Dollar/Dollar - 1H Chart

On the hourly chart of AUD/USD, we observe consolidation with a slight upward trend, oscillating around the level of 0.7160. The price remains above the 20-hour moving average, suggesting moderate buying pressure. The key support level is at 0.7140, and resistance is at 0.7180. The RSI is close to the level of 60, which may indicate potential further increases in the short term.

Australian Dollar/Dollar - 15min Chart

Australian Dollar/Dollar - 15min Chart

On the 15-minute chart, an upward trend is visible, with local support at 0.7150 and resistance at 0.7170. The price is moving above short-term moving averages, suggesting the possibility of further increases in the near future. Volume remains stable, and the RSI oscillates around the level of 70, which may indicate short-term overbought conditions.

Australian Dollar/Dollar - Options Data

Options data indicates a very bullish sentiment with a PUT/CALL ratio of 0.42. The highest interest among Call options concerns strikes at $70 and $72, suggesting expectations for an increase in AUD/USD. The maximum pain for options is at $69, which may act as support. High open interest at Call levels indicates potential increases in the medium term.

Australian Dollar/Dollar - Summary

The current situation on AUD/USD indicates a bullish sentiment, supported by options and technical data. Key levels are support at 0.7140 and resistance at 0.7180. A breakout above 0.7180 could open the way for further gains, while a drop below 0.7140 may suggest a correction. Investors should monitor upcoming macroeconomic data and movements in the options markets.

Dollar/Yen - Daily Chart (D1)

Dollar/Yen - Daily Chart (D1)

On the daily chart of USD/JPY, there is a continuation of the upward trend, although the recent candles indicate some consolidation around 159.25. Key resistance is located around 160.00, while support is at 158.00. Technical indicators suggest that momentum is still on the side of buyers, but the RSI is approaching the overbought zone, which may signal a potential weakening of the upward momentum.

Dollar/Yen - 4H Chart

Dollar/Yen - 4H Chart

On the 4-hour chart of USD/JPY, a slight correction is noticeable after reaching local peaks near 159.50. The price is moving in a narrow range between 159.00 and 159.50. Current support levels are at 158.75, and resistance is around 159.50. Technical indicators are beginning to suggest the possibility of continued consolidation.

Dollar/Yen - 1H Chart

Dollar/Yen - 1H Chart

The hourly chart shows that USD/JPY is struggling with resistance at the level of 159.30. The RSI indicator is neutral, while the MACD suggests the possibility of further consolidation. Key support levels are at 159.00, and resistance at 159.50. The situation on this timeframe indicates potential further volatility in the short term.

Dollar/Yen - 15-minute chart

Dollar/Yen - 15-minute chart

On the 15-minute chart, it can be seen that USD/JPY is in a consolidation phase with a slight downward trend. The price is moving between 159.20 and 159.30. Current support is at 159.20, and resistance is at 159.30. Indicators suggest a lack of clear direction and possible further consolidation in the short term.

Dollar/Yen - Options data

Options data indicates a very bullish sentiment with a low put/call ratio of 0.07. High open interest in call positions at $58 and $60 suggests expected increases in USD/JPY. The max pain level at $58 indicates that the greatest interest is in this area, which may attract the price in that direction. The current market sentiment supports the emerging trend, which could mean further increases if the demand pressure persists.

Dollar/Yen - Summary

USD/JPY is in an uptrend but is facing resistance around 159.50, which may cause consolidation. Options data suggests a bullish sentiment, and key levels to watch are support at 158.00 and resistance at 160.00. Overall market sentiment is bullish, indicating the possibility of further increases, although caution is advised regarding potential corrections.

Dollar/Franc - Daily Chart (D1)

Dollar/Franc - Daily Chart (D1)

Error generating D1 analysis for USD/CHF

Dollar/Franc - 4H Chart

Dollar/Franc - 4H Chart

Error generating H4 analysis

Dollar/Franc - 1H Chart

Dollar/Franc - 1H Chart

Error generating H1 analysis

Dollar/Franc - 15min Chart

Dollar/Franc - 15min Chart

Error generating M15 analysis

Dollar/Franc - Summary

Error generating summary

Dollar/Canadian Dollar - Daily Chart (D1)

Dollar/Canadian Dollar - Daily Chart (D1)

On the daily chart of USD/CAD, a rebound from the support level around 1.3650 is visible. The long-term trend is bullish, however, the recent candles indicate possible consolidation. The resistance area is around 1.3860, and breaking this level could open the way for further increases. The RSI is approaching the neutral level, suggesting a possible continuation of sideways movement before any breakout.

Dollar/Canadian Dollar - 4H Chart

Dollar/Canadian Dollar - 4H Chart

The 4-hour chart shows a correction after the recent drop from the level of 1.3850. The price is currently bouncing off support near 1.3730 and heading towards local resistance at 1.3800. The RSI indicates the possibility of further increases, but with limited potential. It is worth observing the price reaction in the zone of 1.3800-1.3850, which may define the short-term trend.

Dollar/Canadian Dollar - 1H Chart

Dollar/Canadian Dollar - 1H Chart

On the hourly chart, there is a clear bounce from the level of 1.3730, and the price is heading towards resistance at 1.3800. Technical indicators such as MACD show the beginning of bullish momentum. However, current volumes suggest that the increase may be limited. Monitoring the 1.3800 zone will be crucial for further movement.

Dollar/Canadian Dollar - 15-minute chart

Dollar/Canadian Dollar - 15-minute chart

The 15-minute chart shows a dynamic rebound from the level of 1.3730, with resistance being tested at 1.3780. The short-term trend is bullish, and technical indicators support the possibility of further increases. A breakout above 1.3780 could lead the price to 1.3800. Support is located at 1.3750, which is a key level for maintaining the bullish scenario.

Dollar/Canadian Dollar - Options Data

Options data for the FXC ETF indicates a very bullish sentiment with a low put/call ratio of 0.09. Key call levels are $72 and $75, which translates to a potential increase in USD/CAD. A large open interest at the $70 level (puts) suggests that this is an important support level. The current max pain at $70 supports the thesis of further increases. High call volume indicates bullish expectations among investors.

Dollar/Canadian Dollar - Summary

Sentiment for USD/CAD is moderately bullish, supported by options data and technical indicators. Key resistance levels are 1.3800 and 1.3850, while support is around 1.3730. Macro events, including Canadian GDP data, may affect volatility. Overall, an upward trend is possible, provided there are no negative macroeconomic surprises.

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.

Related Articles