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Morning market review - Thursday, April 2, 2026

Technical analyses of 12 instruments with options data

Kacper MrukApril 2, 2026Updated: April 2, 20261 min read
Morning market review - Thursday, April 2, 2026

Morning market review indicates a prevailing mood of extreme fear, with the Fear & Greed Index at a level of 16. Market participants are anxiously awaiting today's data on unemployment claims, which may influence further Fed decisions regarding the current interest rate of 3.50-3.75. In the analysis, we will look at ten instruments that may react to this information, and we will discuss the potential effects of the upcoming FOMC meeting scheduled for April 29.

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Further Reading

Bitcoin - Daily chart (D1)

Bitcoin - Daily chart (D1)

On the daily chart, Bitcoin continues its downward trend, with key support at the level of 65,000 USD. Current quotes are near 66,500 USD, indicating the possibility of further selling pressure. Technical indicators, such as RSI, suggest that the market is close to the oversold zone, which could trigger a short-term rebound. However, the overall sentiment remains bearish, and a break below 65,000 USD could open the way for further declines.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, Bitcoin oscillates in a narrow range between 66,000 and 67,000 USD. Recent candles indicate an attempt to bounce back, however, the volume remains low, which may suggest weakness among buyers. The key resistance level is 68,000 USD, which must be broken to confirm a change in the short-term trend. The current setup suggests consolidation with a slight advantage for sellers.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart of Bitcoin shows an attempt to rebound from around 66,200 USD after a previous decline. However, the dynamic rebound encountered resistance at the level of 67,000 USD. In the short term, breaking this level may indicate further increases towards 68,000 USD. Currently, the key support is at 66,000 USD, and maintaining it will be crucial for the continuation of any rebound attempt.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, Bitcoin shows signs of stabilization after a recent decline. The current price hovers around 66,500 USD, with key support at 66,200 USD. Short-term resistance is at 66,800 USD. The current setup indicates the possibility of short-term consolidation before the market decides on the further direction.

Bitcoin - Options data

Options data indicates a neutral sentiment with a Put/Call ratio of 0.85, suggesting a slight advantage for call options. The highest interest in call options is at strike levels of 40 USD and 49 USD, corresponding to increases of around 5.3% and 28.9% in the BTCUSD market. The strongest support in put options is at the level of 35 USD, which corresponds to a decline of 7.9%. The maximum pain at 39 USD suggests a balance between call and put options near this level.

Bitcoin - Summary

Bitcoin is showing signs of weakness in the context of the overall downtrend. Key support is at 65,000 USD, and resistance is at 68,000 USD. Market sentiment remains moderately bearish due to extreme fear. Options data indicates a neutral sentiment with a potential rise to 39 USD, which may suggest an attempt at stabilization. It is worth monitoring today's macroeconomic data, which may impact market volatility.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart, Ethereum is in a downtrend with key support around 1900 USD. Recent declines seem to be a continuation of earlier downward movements, and the 2200 USD level acted as resistance. The current volume indicates an increase in selling pressure, which may suggest further declines in the short term. Reduced volatility may indicate a possible consolidation before the next major move.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, a recent attempt to bounce is visible, which encountered resistance around 2100 USD, leading to a subsequent decline. The price is currently oscillating around 2000-2050 USD. The volume in this area suggests a lack of decisive direction, which may lead to further consolidation in the short term. Key support is located at 1950 USD.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart shows clear selling pressure from the last few hours, resulting in the breaking of several supports. The current consolidation around 2040 USD may present an opportunity for a short-term rebound, however, the key resistance at 2070 USD may limit any gains. Lower highs are also being observed, which may suggest a continuation of the downward trend.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

The 15-minute chart indicates a short-term consolidation. After the recent strong downward movement, the price seems to stabilize in the range of 2040-2050 USD. The volume is moderate, suggesting a lack of clear direction in the near future. Key support is at 2030 USD, while resistance is at 2060 USD.

Ethereum - Options data

Options data indicates a very bullish sentiment with a low put/call ratio of 0.43. Open interest on call options shows significant interest at 16 USD and 17 USD, which may suggest bullish expectations. However, the max pain level at 16 USD may limit potential gains. Support on put options is visible at 14 USD and 15 USD, which may act as support zones in the event of further declines.

Ethereum - Summary

Ethereum is in a downward trend with key support at 1900 USD and resistance at 2200 USD. Options data indicates bullish sentiment, but the max pain level at 16 USD may limit gains. In the near future, consolidation is possible, with key resistance levels at 2070 USD and support at 1950 USD. Market sentiment shows extreme fear, which may lead to increased volatility.

Gold - Daily Chart (D1)

Gold - Daily Chart (D1)

On the daily chart of XAUUSD, a clear correction is visible after a previous strong increase. The current price levels are around 4595, which may indicate consolidation after a sharp decline. The area of 4500 serves as key support, while resistance is around 4800. Technical indicators suggest that further downward pressure is possible; however, the level of 4500 may be a turning point for a potential rebound.

Gold - 4H Chart

Gold - 4H Chart

The 4-hour chart shows a dynamic downward movement that is currently trying to stabilize. The price is bouncing off the level of 4550, which may indicate an attempt to reverse the trend. In the event of continued increases, the levels of 4700 and 4800 represent key resistances. Support at the level of 4500 remains significant. The current sentiment is mixed, with the possibility of further consolidation.

Gold - 1H Chart

Gold - 1H Chart

On the hourly chart, there is an attempt to bounce off the level of 4550. The current price is oscillating around 4595, which suggests a possible consolidation before further movement. Key resistance levels are 4650 and 4700, while support is at 4550. Price movements indicate uncertainty regarding the further direction, with a potential short-term bounce.

Gold - 15min Chart

Gold - 15min Chart

The 15-minute chart indicates a temporary halt in declines and an attempt to rebound. The price finds support at 4575, and resistance around 4600. The observed volume suggests possible interest from buyers, which may lead to a short-term increase. Maintaining the level of 4575 will be crucial for the further development of the situation.

Gold - Options Data

Options data for GLD indicates a very bullish sentiment with a zero put/call ratio. Key call levels include strikes from $410 to $425, suggesting expectations for increases in the medium term. High open interest at these levels confirms this thesis. Max Pain at $425 indicates potential stabilization around this level, which may affect XAUUSD.

Gold - Summary

Analysis indicates a mixed sentiment with the possibility of a short-term rebound from support levels. Key levels are 4500 as support and 4800 as resistance. Options data suggests a bullish sentiment, which may support increases. It will be important to observe the reaction at levels 4550 and 4650 in the short term. The current bias is neutral with the possibility of increases.

Silver - Daily Chart (D1)

Silver - Daily Chart (D1)

On the daily chart of silver XAGUSD, a clear downward trend is visible after reaching a peak of around 126 USD. Currently, the price oscillates around 70 USD, indicating strong selling pressure. Key support is located around 66 USD, while resistance is at 76 USD. Moving averages suggest a continuation of the downward trend, which may indicate further weakening in the coming days.

Silver - 4H Chart

Silver - 4H Chart

On the 4-hour chart, consolidation is visible in the range of 68-74 USD. Recent candles suggest an attempt to bounce back, but selling pressure is still evident. If the price breaks below the level of 68 USD, further decline is possible. On the other hand, breaking above 74 USD may open the way to test resistance at 76 USD.

Silver - 1H Chart

Silver - 1H Chart

The hourly chart shows an attempt to bounce off the level of 70 USD, however, there are no strong buy signals. The current consolidation suggests market uncertainty ahead of upcoming macroeconomic data. Key for the short-term movement will be breaking through the levels of 68 USD (support) or 72 USD (resistance).

Silver - 15min Chart

Silver - 15min Chart

On the 15-minute chart, we see a slight rebound after previous declines. The price is moving in a narrow range of 70.5-71 USD. An increase in volume with a potential breakout beyond this range may indicate the short-term direction of movement.

Silver - Options Data

Options data for SLV indicates a very bullish sentiment, which is evident in the low put/call ratio of 0.03. Call positions dominate, especially at the 70 USD strike, suggesting expectations for a price increase. Max Pain at 70 USD may act as a price magnet. Support levels for puts are significantly below the current price, which may suggest limited risk of large declines in the short term.

Silver - Summary

Analysis indicates a continuation of the downward trend with support at 68 USD and resistance at 76 USD. Options data suggest that the market expects increases, which may limit further declines. Key macro events may influence the short-term direction. The bias remains slightly bearish, with the possibility of a rebound.

S&P 500 - Daily chart (D1)

S&P 500 - Daily chart (D1)

On the daily chart of the S&P 500, there is an attempt to rebound after a period of decline. The last candles indicate bullish momentum, but the volume remains moderate, which may suggest investor uncertainty. The main resistance levels are located around 6700, while support is found close to 6500. Moving averages still suggest a bearish trend, but momentum indicates the possibility of a continuation of the upward movement.

S&P 500 - 4H Chart

S&P 500 - 4H Chart

On the 4-hour chart, we see consolidation after the recent bounce. Support has been found around 6550, and resistance around 6600. The candles indicate an attempt to break upwards from the current range, which may be supported by positive market sentiment. However, the volume is not high enough to confirm a strong breakout.

S&P 500 - 1H Chart

S&P 500 - 1H Chart

The hourly chart shows a slight pullback after previous gains. Significant support is observed at the level of 6570, and resistance around 6620. The moving averages on this timeframe are close to each other, which may suggest potential consolidation or correction. Momentum is neutral, indicating a lack of a decisive direction in the short term.

S&P 500 - 15-minute chart

S&P 500 - 15-minute chart

On the 15-minute chart, we observe consolidation within a narrow range. Key short-term levels are 6560 as support and 6580 as resistance. The lack of a clear direction in this time frame indicates that the market is waiting for further macroeconomic cues or investor decisions.

S&P 500 - Options data

Options data indicates a very bullish sentiment with dominant call positions. The Put/Call ratio is 0.00, which means there is no interest in put options. The highest interest is at strike levels $645 and $640, indicating expectations of further increases. The volume of call options is significant, suggesting possible further increases in the near future, despite the overall fear in the market.

S&P 500 - Summary

The S&P 500 shows signs of a rebound after a period of declines, but volume and market sentiment suggest caution. Key levels are 6700 as resistance and 6500 as support. Options data indicates bullish sentiment, which may support further gains. Macroeconomic events, such as unemployment data, may influence short-term market movements.

Oil - Daily Chart (D1)

Oil - Daily Chart (D1)

On the daily chart of WTI, a strong upward trend is visible, with the price currently at 106.57 USD, which represents an increase of 7.76%. The current candles indicate a continuation of the increases after previous consolidations. Key resistance is around 110 USD, while support is at 95 USD. Volume remains stable, suggesting a balance of supply and demand forces, but with a bullish advantage.

Oil - 4H Chart

Oil - 4H Chart

On the 4-hour chart, the WTI price breaks through previous highs, indicating a continuation of the upward trend. Recent candles show strong bullish momentum with clear support at the level of 102 USD. The upward movement is supported by increased volume, which may indicate further increases in the short term.

Oil - 1H Chart

Oil - 1H Chart

The hourly chart shows a dynamic upward movement, with the price currently at 106.50 USD. The recent candles are strong and bullish, with local support at 104 USD. The volume is high, suggesting that the upward momentum is supported by significant demand. Key resistance may be around 108 USD.

Oil - 15-minute chart

Oil - 15-minute chart

On the 15-minute chart, a strong upward impulse is visible with local support at the level of 105 USD. The price is rising quickly, suggesting a continuation of the short-term upward trend. The current movement is supported by increased volume, which may indicate further short-term gains.

Oil - Options data

Options data for the USO ETF indicates a very bullish sentiment with a Put/Call Ratio of 0.00. Key Call levels are 130 USD (+6.6%), 135 USD (+10.7%), and 140 USD (+14.8%), suggesting expectations for further increases. The lack of volume and open interest for Put options underscores investor optimism. The maximum pain at 130 USD supports the bullish scenario.

Oil - Summary

WTI crude oil shows a strong upward trend across all time frames with key support at 95 USD and resistance at 110 USD. Market sentiment is very bullish, as confirmed by options data. Key levels for further growth are 108 USD on short-term charts. Further increases are expected, especially given the current positive sentiment.

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, it can be observed that the currency pair is in a downward trend, with the last close at 1.3218. We see clear lower highs and lows, which suggests a continuation of selling pressure. A key support level may be the area around 1.3100, while resistance is located around 1.3400. Trading volume is relatively high, which may indicate strong market interest at the current price levels.

Pound/Dollar - 4H Chart

Pound/Dollar - 4H Chart

On the 4-hour chart, a continuation of the downward trend is visible, with the current price oscillating around 1.3218. Technical indicators suggest possible overselling, which may lead to a short-term rebound to the resistance level at 1.3300. Support is located around 1.3150. We are observing increased volatility, which may suggest further dynamic movements in the near future.

Pound/Dollar - 1H Chart

Pound/Dollar - 1H Chart

The hourly chart shows a strong downward movement with an attempt to stabilize around 1.3210. It is evident that the level 1.3200 acts as short-term support. If the price manages to break through this level, we can expect further declines to 1.3150. Resistance, on the other hand, is located in the area of 1.3250. Investors should monitor reactions to key support and resistance levels.

Pound/Dollar - 15-minute chart

Pound/Dollar - 15-minute chart

On the 15-minute chart of GBP/USD, consolidation is visible after a previous decline, with the price oscillating around 1.3210. The area of 1.3200 acts as local support, while resistance is located near 1.3230. The short-term trend is neutral, and investors may expect further sideways movement unless an external impulse occurs.

Pound/Dollar - Options data

The options analysis on the ETF FXB indicates a strong bearish sentiment with a high put/call ratio of 3.09. Key support levels for put options are $130 (+3.2% from ATM) and $128 (+1.6% from ATM) with significant open interest, suggesting that investors expect further declines. The maximum pain point is at $130, which may act as a psychological resistance.

Pound/Dollar - Summary

GBP/USD is in a short-term downtrend with key support at 1.3200 and resistance at 1.3300. Market sentiment is bearish, supported by options data and the Fear & Greed Index at an extreme fear level. Investors should monitor reactions to upcoming macroeconomic data, particularly regarding unemployment in the USA, which may influence further market movements.

Australian Dollar/Dollar - Daily Chart (D1)

Australian Dollar/Dollar - Daily Chart (D1)

Error generating D1 analysis for AUD/USD

Australian Dollar/Dollar - 4H Chart

Australian Dollar/Dollar - 4H Chart

Error generating H4 analysis

Australian Dollar/Dollar - 1H Chart

Australian Dollar/Dollar - 1H Chart

Error generating H1 analysis

Australian Dollar/Dollar - 15min Chart

Australian Dollar/Dollar - 15min Chart

Error generating M15 analysis

Australian Dollar/Dollar - Summary

Error generating summary

Dollar/Yen - Daily Chart (D1)

Dollar/Yen - Daily Chart (D1)

On the daily chart of USD/JPY, we see a continuation of the uptrend with clear higher highs and lows. The price oscillates around the level of 159.40, which represents local resistance. There is a possibility of further increases; however, the RSI is approaching overbought levels, which may suggest a potential correction in the short term. Key support is located around 158.00, while resistance at 160.00 may represent the next target for bulls.

Dollar/Yen - 4H Chart

Dollar/Yen - 4H Chart

On the 4-hour chart of USD/JPY, a rebound from the level of 158.50 is visible, suggesting the strength of buyers. The current consolidation around 159.40 may lead to a breakout upwards, especially if the volume increases. We are observing increased interest from buyers, which may drive further upward movement. The nearest resistance is at 159.80, and support is at 158.80.

Dollar/Yen - 1H Chart

Dollar/Yen - 1H Chart

The hourly chart shows stabilization after a previous increase. The price remains above 159.30, which may indicate sustained buying pressure. However, the forming divergence on the MACD may suggest potential weakening of momentum. Support is at 159.00, and the nearest resistance is at 159.60.

Dollar/Yen - 15-minute chart

Dollar/Yen - 15-minute chart

On the 15-minute chart of USD/JPY, a slight consolidation is visible in the range of 159.30-159.50. The price is moving within a narrow range, which may suggest an accumulation phase before a larger move. We are observing a slight decrease in volume, indicating a lack of market conviction. Local support is at 159.20, and resistance is at 159.50.

Dollar/Yen - Options data

The FXY options data shows a very bullish sentiment with a put/call ratio of 0.39, suggesting a dominance of buyers. Key call levels at $59 and $61 indicate further increases for USD/JPY. The maximum pain at $59 suggests that the price may aim for this level, which would correspond to further increases in the USD/JPY pair. Low volume and OI at put levels indicate limited support for declines.

Dollar/Yen - Summary

Analysis shows a bullish sentiment for USD/JPY with key resistance at 160.00. Options and technical data support further increases, however, RSI and possible divergences may suggest short-term corrections. Key support levels are 158.00 and 159.00, while resistances are 159.60 and 160.00. The overall bias remains bullish, with attention to potential corrections.

Dollar/Franc - Daily Chart (D1)

Dollar/Franc - Daily Chart (D1)

On the daily chart of USD/CHF, there is a clear upward trend. The price has bounced off the support around 0.7600 and is rising dynamically, currently testing the level of 0.8000. The moving averages are in a bullish arrangement, which supports the continuation of the upward movement. The RSI is close to the overbought level, which may suggest the possibility of a short-term correction. Key resistances are at 0.8050 and 0.8100, while supports are at 0.7900 and 0.7800.

Dollar/Franc - 4H Chart

Dollar/Franc - 4H Chart

On the 4-hour chart, the strength of the bulls is visible, with the price maintaining above 0.7950, indicating potential further increases. Current support levels are 0.7950 and 0.7900. Technical indicators, such as MACD, suggest a possible continuation of the current upward trend. Important resistances are at 0.8000 and 0.8050.

Dollar/Franc - 1H Chart

Dollar/Franc - 1H Chart

In the hourly perspective, the price of USD/CHF is in a consolidation phase near the level of 0.8000. Momentum indicators are neutral, and the RSI indicates a possible short-term correction. Support is at the level of 0.7970, and resistance is at 0.8000. A breakout of either of these levels could determine the further direction of movement.

Dollar/Franc - 15min Chart

Dollar/Franc - 15min Chart

On the 15-minute chart, we see consolidation in the range of 0.7980-0.8000. The current sideways movement may suggest the market is waiting for key macroeconomic data. Technical indicators are mixed, indicating uncertainty about the further direction. A break above the level of 0.8000 may open the way for further increases, while a break below 0.7970 would indicate a possible correction.

Dollar/Franc - Options data

Options data for the FXF ETF indicates a moderately bullish sentiment, with a put/call ratio of 0.53. Key call levels suggest potential increases to 115 USD, with max pain at 115 USD, indicating that the market may aim for this level. Open interest is significantly higher for call options, suggesting greater interest in increases. However, current values of the Fear & Greed index indicate extreme fear, which may limit aggressive upward moves.

Dollar/Franc - Summary

USD/CHF shows a bullish bias, with the price oscillating around the key level of 0.8000. Options and technical data indicate potential further increases, however, extreme fear in the market may hinder dynamic movements. Key resistance levels are 0.8050 and 0.8100, while support levels are 0.7950 and 0.7900. The results of upcoming macroeconomic data may have a significant impact on the further direction of the market.

Dollar/Canadian Dollar - Daily Chart (D1)

Dollar/Canadian Dollar - Daily Chart (D1)

On the daily chart of USD/CAD, we observe a continuation of the upward trend with a clear breakout of resistance at the level of 1.3900. The increases are supported by rising volume, suggesting further upside potential. The nearest resistance is around 1.4000, which could be a target for bulls. Support is at the level of 1.3800, and a breakout below this level could signal a correction. The fear and greed index indicates extreme fear, which may limit further increases.

Dollar/Canadian Dollar - 4H Chart

Dollar/Canadian Dollar - 4H Chart

On the 4-hour chart of USD/CAD, a correction is visible after the recent strong upward movement. The price has bounced off the support level at 1.3860 and is currently testing levels above 1.3900. If the price remains above this level, further increases towards 1.3950 are possible. Support around 1.3860 remains crucial for maintaining the upward trend.

Dollar/Canadian Dollar - 1H Chart

Dollar/Canadian Dollar - 1H Chart

The hourly chart shows that USD/CAD has bounced off the support level at 1.3880, suggesting short-term market strength. The price is currently heading towards the resistance at 1.3930. A breakout of this level could open the way for further gains towards 1.3950. Support is at 1.3880, and its loss could initiate further correction.

Dollar/Canadian Dollar - 15min Chart

Dollar/Canadian Dollar - 15min Chart

On the 15-minute chart, consolidation is visible above the level of 1.3900. Short-term resistance is at 1.3930, and support is at 1.3910. A breakout of either of these levels could trigger a quick move in the respective direction. Currently, momentum indicates a possible breakout to the upside.

Dollar/Canadian Dollar - Options Data

Options data for the FXC ETF indicates a very bullish market sentiment with a PUT/CALL ratio of 0.45. The highest interest among call options is at $80, suggesting expectations for further increases in USD/CAD. The maximum pain at $80 suggests that the options may act as support for further increases, limiting the risk of declines below key call levels.

Dollar/Canadian Dollar - Summary

The overall sentiment for USD/CAD is bullish, supported by both options and technical data. Key resistance levels are 1.3930 and 1.4000, while support lies at 1.3880 and 1.3800. Extreme fear in the market may, however, limit further gains. Macroeconomic events, such as unemployment data, may impact volatility in the short term.

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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