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Morning market review - Thursday, July 2, 2026

Technical analyses of 12 instruments with options data

Kacper MrukJuly 2, 2026Updated: July 2, 20261 min read

Morning Market Overview

The morning market overview indicates an atmosphere of uncertainty, with the Fear & Greed index at 32, suggesting the dominance of fear among investors. In light of the current Fed interest rate, which stands at 3.50-3.75, the markets are awaiting today's key macroeconomic data, which includes average wage growth, the unemployment rate, and changes in non-farm employment. In our analysis, we will examine twelve analyzed instruments to understand how these factors may impact the market situation.

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Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

Error generating D1 analysis for Bitcoin

Bitcoin - 4H Chart

Bitcoin - 4H Chart

Error generating H4 analysis

Bitcoin - 1H Chart

Bitcoin - 1H Chart

Error generating H1 analysis

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

Error generating M15 analysis

Bitcoin - Summary

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Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart of Ethereum, there is a clear downward trend since the beginning of the year. Currently, the price is oscillating around the level of 1623 USD, which represents psychological support. However, the recent weeks suggest consolidation in the range of 1500-1650 USD. Technical indicators indicate a potential trend reversal, but there is a lack of a strong buy signal. Key resistance levels are 1700 USD and 1800 USD, which may determine the further direction of price movement.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, there is an attempt to bounce off the lowest levels. The price is approaching resistance at 1650 USD, which may be a key point to watch. Bullish momentum is visible, but it requires confirmation through a breakout above the aforementioned resistance. Support is located around 1600 USD, which may serve as a protective level for bulls in the short term.

Ethereum - 1H Chart

Ethereum - 1H Chart

In the hourly perspective, Ethereum shows signs of short-term consolidation in the range of 1610-1640 USD. We are observing increased volatility, which suggests the possibility of a breakout in the near future. Momentum indicators are neutral, and traders should pay attention to a potential breakout above 1640 USD as a signal for further growth. Support at the level of 1610 USD remains crucial.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart, short-term fluctuations are visible in the range of 1620-1630 USD. The price shows signs of stabilization, but there is a lack of a clear direction. Short-term traders may expect further consolidation, with key support levels at 1620 USD and resistance at 1630 USD. A breakout beyond this range may suggest a move towards 1640 USD.

Ethereum - Options data

Options data indicates a moderately bullish sentiment with a put/call ratio of 0.63. The largest open positions for call options are at levels of 12 USD (+4.2%) and 13 USD (+8.3%), suggesting an expectation of growth. On the put option side, key support levels are 12 USD (-4.2%) and 11 USD (-8.3%). Max pain at 12 USD suggests a possible consolidation in this area. Increasing volumes of call options may support further price increases.

Ethereum - Summary

Ethereum is showing signs of consolidation after a long-term downtrend. Short-term sentiment is positive, with a potential rise to 1650 USD as a key resistance. Key support is located at 1600 USD. Options data supports a moderately bullish sentiment, with clear interest in call options. Macroeconomic events may introduce additional volatility, so it's worth monitoring key price levels.

Gold - Daily Chart (D1)

Gold - Daily Chart (D1)

On the daily chart of gold, it can be seen that the instrument is in a long-term downtrend, but recent sessions show an attempt to rebound. The price oscillates around 4068 USD, which suggests technical support in this area. Key resistance is located around 4200 USD, and breaking it could open the way for further increases. Technical indicators suggest a possible rebound, but the overall trend remains bearish.

Gold - 4H Chart

Gold - 4H Chart

The 4-hour chart shows that the price of gold has bounced off the level of 4000 USD and is approaching local resistance in the area of 4100 USD. The current momentum is bullish, with a noticeable increase in volume, which may suggest further upward movements. A breakout above 4100 USD could confirm a short-term trend change to bullish.

Gold - 1H Chart

Gold - 1H Chart

On the hourly chart, consolidation is visible in the range of 4050-4100 USD. The last few hours have brought increases, suggesting that investors may be trying to break through the 4100 USD level. The RSI and MACD indicators are in neutral zones, leaving room for further increases or a correction. Key support is at the 4050 USD level.

Gold - 15-minute chart

Gold - 15-minute chart

On the 15-minute chart, the price of gold shows a short-term upward trend, with clear support at the level of 4060 USD. The current rebound suggests a possible test of the level of 4100 USD. If the volume remains at the current level, further strengthening is possible. The nearest support is at the level of 4060 USD.

Gold - Options data

Options data indicates a very bullish sentiment with a zero put/call ratio, which is extremely rare. High open positions at call levels suggest that investors expect an increase in the price of GLD, which could translate into a rise in XAUUSD. Key call levels around 370 USD and 390 USD indicate expected increases of 1.6% and 7.1% from the current price, respectively. The lack of open put positions confirms a lack of interest in declines.

Gold - Summary

Gold XAUUSD shows signs of a rebound, but the overall long-term trend remains bearish. Key support is at 4000 USD, and resistance is at 4100 USD. Options data indicates a bullish sentiment. A breakout above the 4100 USD resistance could confirm a short-term trend change. Macro events may influence the further direction of price movement.

Silver - Daily Chart (D1)

Silver - Daily Chart (D1)

On the daily chart of XAGUSD, we observe a downward trend, although there have been signs of stabilization in recent sessions. The price oscillates around the level of 59.84 USD, which may indicate the formation of short-term support. Key resistance levels are around 62 USD, while support is at 58 USD. Technical indicators, such as RSI, suggest the possibility of a bullish correction, but the overall sentiment remains bearish.

Silver - 4H Chart

Silver - 4H Chart

On the 4-hour chart, there is a consolidation in a narrow range between 58 and 60 USD. We are observing a slight rebound from the lower boundary of this range, which may indicate an attempt to re-test the resistance level. The volume remains at a moderate level, suggesting a lack of a decisive direction in movement. A breakout above 60 USD could open the way for further increases.

Silver - 1H Chart

Silver - 1H Chart

On the hourly chart, we see that the price bounced off the level of 59 USD and is trying to break through 60 USD. The current structure suggests the formation of a reversal pattern, which may support a short-term bounce. Trading volume is increasing during breakout attempts, which may indicate buyer interest.

Silver - 15min Chart

Silver - 15min Chart

On the 15-minute chart, the price is moving in a short-term uptrend, with clear support at the level of 59.50 USD. The increases are supported by rising volume, which may indicate further upward movements. Technical indicators, such as MACD, show positive momentum.

Silver - Options Data

Options data indicates a very bullish sentiment with a low put/call ratio of 0.06. Most open call positions are concentrated at higher strikes, such as 70 USD, suggesting bullish expectations. Key support levels, according to put options, are at 49 USD. The Max Pain level at 70 USD indicates possible moves towards this level, which aligns with the bullish sentiment.

Silver - Summary

Silver XAGUSD shows signs of stabilization with potential short-term rebound. Key resistance levels are 60 and 62 USD, with support at 58 USD. Options data supports a bullish scenario with max pain at 70 USD. Due to today's macroeconomic data, greater volatility is possible, which requires caution. The overall bias is slightly bullish.

S&P 500 - Daily chart (D1)

S&P 500 - Daily chart (D1)

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S&P 500 - 4H Chart

S&P 500 - 4H Chart

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S&P 500 - 1H Chart

S&P 500 - 1H Chart

Error generating H1 analysis

S&P 500 - 15-minute chart

S&P 500 - 15-minute chart

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S&P 500 - Summary

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Oil - Daily Chart (D1)

Oil - Daily Chart (D1)

On the daily chart of WTI, we observe a clear downward trend, with the price at 67.70 USD. WTI crude is below the key support level of 70 USD, which may suggest further weakening. Moving averages indicate a continuation of declines, and the lack of significant reversal signals confirms the selling pressure. The current support level can be identified around 65 USD, while resistance is in the area of 75 USD.

Oil - 4H Chart

Oil - 4H Chart

On the 4-hour chart, a deepening decline is visible, with the price approaching the level of 67 USD. The recent drop below 70 USD confirms the dominance of bears. Current support is at 66.50 USD, and resistance is at 69 USD. Technical indicators, such as RSI, are in the oversold zone, which may suggest a possible upward correction in the short term.

Oil - 1H Chart

Oil - 1H Chart

The hourly chart of WTI shows a continuation of the short-term downward trend. The price oscillates around 67.70 USD, with local support at 67.50 USD. Resistance is visible at 68.50 USD. Price movements are dynamic, which may indicate the possibility of short-term rebounds. RSI suggests a slightly oversold market, which could lead to a temporary upward correction.

Oil - 15min Chart

Oil - 15min Chart

On the 15-minute WTI chart, volatility is visible near the level of 67.70 USD. The price is testing support at 67.50 USD, with resistance at 68 USD. We are observing a slight rebound from the bottom, but selling pressure remains strong. Indicators suggest the possibility of short-term consolidation or a small rebound.

Oil - Options data

Options data for USO indicates a very bullish sentiment with a low put/call ratio of 0.04. Key call levels at $110, $115, and $120 suggest expectations for increases. Open interest for calls is significantly higher than for puts, confirming the dominance of bulls. Max pain at $120 indicates potential targets for increases. However, the current oil price is below these levels, which may limit immediate gains.

Oil - Summary

Analysis of WTI crude oil indicates a dominant bearish trend with current support around 66.50 USD and resistance at 69 USD. Despite a very bullish sentiment in the options data, the short-term trend is dominated by bears. Key levels to watch are 67.50 USD as support and 68.50 USD as resistance. The bias remains bearish, but short-term corrections are possible.

Euro/Dollar - Daily Chart (D1)

Euro/Dollar - Daily Chart (D1)

On the daily chart of EUR/USD, a downward trend is visible, with the latest move towards support at around 1.1350. Currently, the pair is bouncing off this level, suggesting the possibility of a short-term upward correction. However, there is strong resistance at the level of 1.1500, which may limit further gains. Technical indicators, such as RSI, suggest that the pair is approaching the oversold zone, which may support the rebound scenario.

Euro/Dollar - 4H Chart

Euro/Dollar - 4H Chart

On the 4-hour chart, consolidation is visible after a strong downward move. The price oscillates in a narrow range between 1.1350 and 1.1450. A breakout of one of these levels may determine the further direction. Technical indicators suggest a slight slowdown in declines, which may indicate an attempt to rebound in the short term.

Euro/Dollar - 1H Chart

Euro/Dollar - 1H Chart

In the hourly perspective, EUR/USD shows signs of stabilization after a recent rebound from the level of 1.1350. Currently, the price oscillates around 1.1400, and technical indicators such as MACD and RSI suggest a possible continuation of the upward movement, at least to the resistance level at 1.1450. We are observing an increasing volume, which may confirm the strength of the rebound.

Euro/Dollar - 15-minute chart

Euro/Dollar - 15-minute chart

On the 15-minute chart, there is a short-term upward pressure, with the price oscillating around 1.1400. The current support levels are at 1.1380, and resistance is at 1.1420. Short-term technical indicators suggest the possibility of further upward movement, but with limited potential.

Euro/Dollar - Options data

FXE options data indicates a very bullish sentiment with a low put/call ratio of 0.19. Key call levels are at $109 (+5.8% from ATM) and $108 (+4.9% from ATM), suggesting expectations for an increase in EUR/USD. The max pain level at $106 (+2.9% from ATM) may limit declines, and the dominance of open interest in puts suggests a possible rebound. Call volume is higher, confirming the bullish sentiment.

Euro/Dollar - Summary

EUR/USD is in a rebound phase after declines, with key support at 1.1350 and resistance at 1.1450. The sentiment in the options market is bullish, which may support further increases. Currently, the short-term bias is slightly bullish, with key levels to watch at 1.1450 and 1.1350. Macroeconomic data from the USA may introduce volatility later in the day.

Pound/Dollar - Daily Chart (D1)

Pound/Dollar - Daily Chart (D1)

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Pound/Dollar - 4H Chart

Pound/Dollar - 4H Chart

Error generating H4 analysis

Pound/Dollar - 1H Chart

Pound/Dollar - 1H Chart

Error generating H1 analysis

Pound/Dollar - 15-minute chart

Pound/Dollar - 15-minute chart

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Pound/Dollar - Summary

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Australian Dollar/Dollar - Daily Chart (D1)

Australian Dollar/Dollar - Daily Chart (D1)

On the daily chart of AUD/USD, a long-term downtrend is visible, with the price close to key support at 0.6850. Recent candles indicate a possible consolidation after a strong move down. Volume at the support level may suggest an attempt by buyers to defend this level. A break below this support could open the way for further declines towards 0.6800. On the other hand, a rebound may encounter resistance around 0.7000, which aligns with the current market sentiment.

Australian Dollar/Dollar - 4H Chart

Australian Dollar/Dollar - 4H Chart

On the 4-hour chart of AUD/USD, there is a consolidation in a narrow range of 0.6880 - 0.6920. Technical indicators suggest a lack of clear momentum, and the market is waiting for an impulse that could provide direction. A breakout above 0.6920 may create a short-term opportunity for an increase, while a drop below 0.6880 may signal a continuation of declines. It will be important to monitor the volume at these levels.

Australian Dollar/Dollar - 1H Chart

Australian Dollar/Dollar - 1H Chart

On the hourly chart of AUD/USD, short-term sideways movements dominate. The price oscillates around the level of 0.6900, and the lack of a clear direction suggests that investors are waiting for important macroeconomic data. The RSI and MACD indicators are neutral, confirming the absence of a clear trend. It is possible that the upcoming macroeconomic data from the USA will influence the direction of the price change.

Australian Dollar/Dollar - 15min Chart

Australian Dollar/Dollar - 15min Chart

On the 15-minute chart of AUD/USD, there is low volatility and sideways movement. The price is moving within a narrow range between 0.6890 and 0.6905. Short-term support is at 0.6885, and resistance is at 0.6910. A breakout of either of these levels could indicate a short-term direction, but currently, there is a lack of clear momentum.

Australian Dollar/Dollar - Options Data

Options data for the FXA ETF indicates a strongly bearish sentiment with a high Put/Call ratio of 3.54. High interest in put options and the Max Pain level at $70 suggest that investors are concerned about further declines in AUD/USD. The largest engagement in put options is at levels of $70 and $65, indicating expectations for further weakening of the Australian dollar. Call options are less popular, which confirms the current bearish market sentiment.

Australian Dollar/Dollar - Summary

The current sentiment for AUD/USD is bearish, as confirmed by both options data and technical analysis. Key support is located at 0.6850, and a breakout below this level could lead to further declines. Resistance at 0.7000 remains an important barrier for upward movements. Investors should monitor upcoming macroeconomic data from the USA that may influence the market direction. In the short term, the market remains neutral, awaiting impulses for a change in direction.

Dollar/Yen - Daily Chart (D1)

Dollar/Yen - Daily Chart (D1)

On the daily chart of USD/JPY, an uptrend is visible. The price reached a resistance level around 162.50, after which a correction occurred. Currently, support can be identified around 159.50. The candles show some selling pressure, which suggests a potential deeper correction in the coming days. Oscillators indicate overbought levels, which may suggest further weakening of the rate in the short term. It will be important whether the price holds above the mentioned support.

Dollar/Yen - 4H Chart

Dollar/Yen - 4H Chart

On the 4-hour chart, it is evident that the price of USD/JPY has encountered strong resistance around 162.50 and is currently correcting downward. A clearly increased volume during the declines may indicate further weakening. The area of 160.00 acts as key support. Breaking this level could open the way for further declines. MACD indicates the possibility of a continuation of the downward trend.

Dollar/Yen - 1H Chart

Dollar/Yen - 1H Chart

The hourly chart shows a dynamic downward movement from the level of 162.50 to 161.00. Currently, the price is in a short-term consolidation. Indicators suggest that the market may be temporarily oversold, but there are no strong reversal signals. Sellers may be interested in the level of 161.80 as a potential place to re-enter positions.

Dollar/Yen - 15-minute chart

Dollar/Yen - 15-minute chart

On the 15-minute chart, consolidation is visible after a sharp decline. The price is oscillating around the level of 161.70, suggesting a possible sideways movement. We also observe decreasing volume, which may indicate a temporary lack of interest from investors. The level of 161.50 is a key support in the short term.

Dollar/Yen - Options data

Options data indicates a very bullish sentiment with a low Put/Call Ratio of 0.21. The greatest interest in calls is at the levels of $58 and $57, which translates to potential increases in USD/JPY of 3.6% and 1.8%, respectively. The Max Pain level is $58, suggesting that investors may expect a move in the upward direction. Open interest in call options is significantly higher than in puts, which supports the bullish scenario.

Dollar/Yen - Summary

Based on the analysis, USD/JPY shows signs of a potential correction after recent gains. Key levels are 162.50 as resistance and 160.00 as support. Options data is bullish, which may suggest further increases in the long term. However, the current selling pressure and technical indicators indicate the possibility of short-term declines towards support. Important macroeconomic data is scheduled for today.

Dollar/Franc - Daily Chart (D1)

Dollar/Franc - Daily Chart (D1)

On the daily chart of USD/CHF, we observe consolidation near the level of 0.8080. The pair is in close proximity to local peaks, suggesting the possibility of a correction. Support is located around 0.8000, which is a key psychological level. Technical indicators show exhaustion of bullish strength, which may lead to a test of lower levels before further upward movement.

Dollar/Franc - 4H Chart

Dollar/Franc - 4H Chart

On the 4-hour chart, a double top formation is visible near 0.8100, which may indicate a potential downward trend. Currently, the price is oscillating around 0.8080, and support is located in the 0.8040-0.8050 zone. A break below this level could lead to further declines, while resistance remains at 0.8100.

Dollar/Franc - 1H Chart

Dollar/Franc - 1H Chart

The hourly chart shows a continuation of the downward correction with resistance at 0.8090 and support at 0.8070. Selling pressure has increased, and a break below 0.8070 could bring the price down to the next support at 0.8050. Momentum indicators suggest the possibility of further declines.

Dollar/Franc - 15min Chart

Dollar/Franc - 15min Chart

On the 15-minute chart, short-term sell signals are visible with resistance at the level of 0.8085. The price is testing the lower support at 0.8070, and with increased volume, a breakout is possible. Indicators suggest a dominance of sellers in the short term.

Dollar/Franc - Options data

Options data for FXF indicates a very bullish sentiment with a dominance of call options over puts. The Put/Call Ratio is 0.09, suggesting expectations for increases. Key levels for call options are 108 and 111, which correspond to increases of 0.9% and 3.7% from the current level. Max Pain is at the level of 108, which may be a target for the market. Volume and open positions also indicate a preference for call options.

Dollar/Franc - Summary

USD/CHF is showing signs of a short-term downward correction with key support at 0.8070 and resistance at 0.8100. The long-term trend remains bullish, supported by options data. Key levels to watch are 0.8050 as support and 0.8100 as resistance. Expected macro data may influence volatility, particularly in the context of the release of U.S. employment data.

Dollar/Canadian Dollar - Daily Chart (D1)

Dollar/Canadian Dollar - Daily Chart (D1)

On the daily chart of USD/CAD, a strong upward trend is visible, having reached new highs around 1.4250. Currently, we are observing consolidation, which may suggest a temporary slowdown in the increases. Support is at 1.4100, and key resistance is at 1.4250. Technical indicators indicate that the market is overbought, which may suggest a potential correction in the near future.

Dollar/Canadian Dollar - 4H Chart

Dollar/Canadian Dollar - 4H Chart

On the 4-hour chart, the price is moving within a narrow range of 1.4150-1.4250, indicating consolidation after a previous strong increase. There is potential for further increases; however, breaking the level of 1.4250 is crucial for the continuation of the upward trend. Support at the level of 1.4150 should be monitored in the context of potential declines.

Dollar/Canadian Dollar - 1H Chart

Dollar/Canadian Dollar - 1H Chart

The hourly chart shows reduced volatility with consolidation between 1.4170 and 1.4210. Current support is at 1.4170, and the nearest resistance is at 1.4210. A breakout of either of these levels could bring a larger move in that direction. Technical indicators are neutral, suggesting a lack of a clear direction in the short term.

Dollar/Canadian Dollar - 15-minute chart

Dollar/Canadian Dollar - 15-minute chart

On the 15-minute chart, consolidation is visible in the range of 1.4180-1.4200. Currently, the price is in the lower part of this range, which may indicate the possibility of short-term increases towards the upper boundary. Important support is at 1.4180, and resistance is at 1.4200. Volatility remains low, which may limit potential price movements.

Dollar/Canadian Dollar - Options Data

Current options data for FXC shows a very bullish sentiment, with a put/call ratio of 0.34. The largest open interest at call levels is at the strike of $81, which suggests expectations for an increase in USD/CAD. The max pain at $81 also supports this scenario. Low activity in puts indicates limited expectations for declines. High open positions in calls may suggest further demand for USD.

Dollar/Canadian Dollar - Summary

USD/CAD is in a strong uptrend, but in the short term, consolidation is visible. The key resistance is 1.4250, and support is 1.4150. Options data suggest a bullish advantage, with max pain at $81 for FXC. Important macro data today may influence volatility. Monitoring the levels of 1.4150 and 1.4250 is crucial for the direction of further movement.

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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