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Morning market review - Wednesday, July 1, 2026

Technical analyses of 12 instruments with options data

Kacper MrukJuly 1, 2026Updated: July 1, 20261 min read

Morning Market Review

The morning market review indicates a prevailing cautious mood, with the Fear & Greed index at 31, suggesting fear among investors. 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 July 29, 2026. Today, important events will take place in the market, including speeches by Fed Chair Wesh and BOE Governor Bailey, as well as the publication of the ISM Manufacturing PMI index. In the analysis, we will examine 12 instruments to better understand the current market situation and potential directions of movements.

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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

Error generating summary

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

The daily chart of Ethereum shows a continuation of the downward trend since the beginning of the year, with a clear resistance around 1700 USD. Currently, the price is oscillating around 1573 USD, indicating a possible consolidation. The moving averages remain pointed downwards, suggesting continued selling pressure. Key support levels are at 1500 USD, while resistance is visible at 1700 USD. The trading volume is relatively low, which may indicate that the market is waiting for external catalysts.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart of Ethereum, a reverse head and shoulders formation can be seen, which may suggest a possible trend reversal. The price has bounced off the support level at 1550 USD and is testing the resistance at 1600 USD. A breakout of this level could open the way for further gains, while a failed test may result in a return to support. The oscillators indicate a neutral sentiment, suggesting caution.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart of Ethereum shows an attempt to break above 1580 USD, but the lack of decisive volume may hinder a sustainable breakout. The price appears to be trapped in the range of 1550-1600 USD, indicating consolidation. Fast technical indicators suggest that the market may be ready for a short-term breakout, but additional catalysts are needed. It will be crucial to observe the reaction at the level of 1580 USD.

Ethereum - 15-minute Chart

Ethereum - 15-minute Chart

On the 15-minute chart of Ethereum, quick movements in a narrow range are visible, indicating a lack of clear direction. The price is close to the lower boundary at 1570 USD, which may serve as support. Short-term technical indicators suggest a possible upward movement, however, the lack of significant trading volume may limit potential gains. It will be important to observe the reaction to key levels.

Ethereum - Options data

Option data indicates a very bullish sentiment with a low put/call ratio of 0.40. The largest open call positions are at levels of 12 USD and above, suggesting expectations for increases. Key support levels for puts are 6 USD and 12 USD, indicating hedges against significant declines. Max pain is at 12 USD, which may encourage position balancing. Call volume is significantly higher than put volume, confirming the bullish sentiment.

Ethereum - Summary

Ethereum is showing signs of consolidation in the range of 1550-1600 USD, with a dominant bullish sentiment in the options market. Daily charts indicate possible selling pressure; however, shorter time frames suggest a potential rebound. Key levels to watch are 1500 USD as support and 1700 USD as resistance. Current macro data may influence volatility, so it is important to monitor upcoming events and their impact on the market.

Gold - Daily Chart (D1)

Gold - Daily Chart (D1)

On the daily chart of XAUUSD, a clear downtrend is visible, with the price close to local lows. Gold has been experiencing systematic declines since the beginning of the year, which may suggest further selling pressure. The key resistance level is at 4100, while support is at 3900. Volume indicates increasing investor activity, which may suggest a potential rebound, but there are no clear reversal signals.

Gold - 4H Chart

Gold - 4H Chart

On the 4-hour chart, the downtrend continues, with the price of gold approaching the level of 3950. Lower highs and lows are forming, confirming the dominance of sellers. Support is at 3920, while resistance is at 4000. Oscillators indicate possible overselling, which may lead to a short-term rebound.

Gold - 1H Chart

Gold - 1H Chart

The hourly chart indicates consolidation around 3970, following a previous sharp decline. The price is moving within a narrow range between 3950 and 3980, which may suggest a temporary slowdown in selling pressure. A potential breakout above the 3980 level could lead to a test of resistance at 4000, but there are no clear signals of a trend reversal.

Gold - 15-minute chart

Gold - 15-minute chart

On the 15-minute chart, consolidation around the level of 3970 is visible. The price is moving within a narrow range, which may suggest market uncertainty ahead of upcoming macroeconomic events. Key levels are 3960 as support and 3980 as resistance, and breaking through these levels may determine the further direction of movement.

Gold - Options Data

The options data for GLD indicates a very bullish sentiment with a dominance of calls, signaling expectations for increases. Key call levels are $380 (+5%) and $404 (+11.6%) from ATM. There are no open put positions, which further emphasizes the optimism. Max pain at $380 suggests that investors expect price increases in the short term, despite the current fear sentiment in the market.

Gold - Summary

Gold XAUUSD is under bearish pressure on all analyzed timeframes. The long-term trend is bearish, with potential support at 3920 and resistance at 4000. Options data indicates optimism regarding future increases. Key levels to watch are 3960 and 3980. The bias remains bearish, but with the possibility of a short-term rebound.

Silver - Daily Chart (D1)

Silver - Daily Chart (D1)

On the daily chart of XAGUSD, there is a continuation of the downward trend that has been ongoing since the beginning of the year, with the current level around 57.56 USD. The price has broken through several key support levels, which may suggest further weakening. Moving averages indicate a sustained downward trend, and the current price dynamics suggest a lack of bullish strength to reverse the trend. Important resistance levels are around 60 USD, while support can be found near 55 USD.

Silver - 4H Chart

Silver - 4H Chart

On the 4-hour chart, XAGUSD is moving within a consolidation range with a slight downward slope. Prices are bouncing off support levels at 56.50 USD, but selling pressure is still evident. We are observing lower highs and lows, which confirms the downward trend. Key support at 56 USD may be tested in the near future, while resistance is at the 58 USD level.

Silver - 1H Chart

Silver - 1H Chart

On the hourly chart, silver shows an attempt to rebound from the level of 57.50 USD, but there is a lack of clear upward momentum. Short-term technical indicators suggest a possible upward correction, but the supply dominance may quickly restore downward pressure. Current resistance levels are at 58 USD, and support at 57 USD may be crucial for the further direction.

Silver - 15min Chart

Silver - 15min Chart

The 15-minute chart shows low volatility with a clear sideways trend. The price is testing the support level of 57.50 USD, but there are no strong buy signals. The technical indicators are neutral, which may suggest that the market is waiting for new impulses. The key resistance is at the level of 57.80 USD, and support is at 57.30 USD.

Silver - Options data

Options data for SLV indicates a moderately bullish sentiment with a Put/Call Ratio of 0.75. Key levels for call options are 53 USD and 55 USD, suggesting bullish expectations. The 50 USD strike is an important support level for put options. Meanwhile, the maximum pain point is at 61 USD, suggesting potential upside. Volumes and open positions in call options exceed those in puts, which may support the bullish scenario.

Silver - Summary

Analysis of XAGUSD indicates a dominance of the bearish trend, although options data suggests moderate optimism regarding a possible rebound. Key support levels are 56 and 57 USD, while resistances are at 58 and 60 USD. Macroeconomic events, such as speeches by central bankers, may influence volatility. Overall sentiment is dominated by fear, which may limit potential price increases for silver.

S&P 500 - Daily chart (D1)

S&P 500 - Daily chart (D1)

On the daily chart of the S&P 500, we observe a clear upward trend that has been ongoing for several months. Recent sessions indicate a continuation of this trend, with the price oscillating around the level of 7499. Strong support is located around 7300, and the nearest resistance is around 7500. Trading volume indicates increased activity, which may suggest investor interest in further growth of the index. Overall sentiment is positive, which may support further increases.

S&P 500 - 4H Chart

S&P 500 - 4H Chart

On the 4-hour chart, stabilization is visible after a previous dynamic increase. The price is moving in a narrow range between 7450 and 7500, which may suggest consolidation before the next move. Technical indicators do not indicate a clear signal of trend reversal. Maintaining support at the level of 7450 will be crucial for further increases.

S&P 500 - 1H Chart

S&P 500 - 1H Chart

The hourly chart shows slight fluctuations in the range of 7470-7500. We are observing a short-term sideways trend, which may indicate a temporary pause before further movement. Support at the level of 7470 seems to be strong, and a breakout above 7500 could open the way for further increases. Investors may be waiting for impulses from the macroeconomic market.

S&P 500 - 15-minute chart

S&P 500 - 15-minute chart

On the 15-minute chart, a slight correction is visible after the previous increase. The price is moving within a narrow range, which may suggest consolidation. Key support is at the level of 7480, while resistance is at 7500. Short-term investors may be waiting for a breakout from this range, which could indicate the further direction of the market.

S&P 500 - Options data

Options data for SPY indicates strong investor optimism, as evidenced by the zero put/call ratio and large open interest at call levels. The largest open interest is observed for the strike $740, suggesting expectations for increases above this level. The maximum pain at $740 may indicate possible price attraction in that direction. Overall, the options sentiment is very bullish, supporting positive expectations for further increases in the S&P 500.

S&P 500 - Summary

Analysis indicates a continuation of the upward trend for the S&P 500. Key resistance levels are 7500, while support is at 7470. Options data suggests strong investor optimism, which may support further increases. Macroeconomic events scheduled for today may affect short-term volatility. Overall market sentiment is positive, suggesting the current trend will be maintained.

Oil - Daily Chart (D1)

Oil - Daily Chart (D1)

On the daily chart, WTI crude oil is in a clear downtrend. The price oscillates around the level of 69.44 USD, close to the local support from March 2023. Further weakening may lead to a test of the 65 USD level, which constitutes key support. The RSI indicates oversold conditions, which may suggest a short-term technical rebound. In the case of increases, resistance is at the level of 75 USD.

Oil - 4H Chart

Oil - 4H Chart

On the 4-hour chart, a continuation of the downward trend is visible with local support at 69 USD. The moving averages are converging with the price, confirming the presence of selling pressure. In the event of a rebound, the nearest resistance is at 72 USD. The trading volume is moderately higher, suggesting increased market activity.

Oil - 1H Chart

Oil - 1H Chart

The hourly chart shows testing support at the level of 69.20 USD. The price is moving within a consolidation, but selling pressure still dominates. MACD indicates a possible upward correction; however, resistance at the level of 70 USD may pose a barrier for bulls. The current situation encourages caution in making investment decisions.

Oil - 15-minute chart

Oil - 15-minute chart

On the 15-minute chart, we observe an attempt to stabilize the price around the level of 69.40 USD. Short-term oscillators indicate neutrality, which may suggest a temporary slowdown in the downward momentum. It is crucial to monitor the price reaction at the level of 69.50 USD, which may indicate further movements in the short term.

Oil - Options data

Options data analysis indicates a neutral sentiment with a Put/Call ratio of 0.89. The highest interest in call options is at strikes of 110 USD and 109 USD, which may suggest expectations for increases. On the other hand, the Max Pain level at 110 USD indicates that many investors expect the price at expiration to be in these areas, which may exert upward pressure.

Oil - Summary

WTI crude is in a clear downtrend with key support at 69 USD. A corrective rally may encounter resistance at 70-72 USD. Options data suggests a neutral sentiment with potential upward pressure towards 110 USD. Important macroeconomic events today may influence market dynamics. The current bias is neutral with a slight indication of a possible short-term rebound.

Euro/Dollar - Daily Chart (D1)

Euro/Dollar - Daily Chart (D1)

On the daily chart of EUR/USD, we observe a strong downward trend that has been ongoing for several months. Currently, the price is oscillating around 1.1400, which is close to the lowest level in recent months. Support is at 1.1300, and resistance is at 1.1500. Moving averages indicate a continuation of the downward trend, suggesting further weakening of the euro against the dollar. Trading volume increases during declines, confirming the pressure from sellers.

Euro/Dollar - 4H Chart

Euro/Dollar - 4H Chart

On the 4-hour chart, there is a consolidation after a strong downward movement. The price is moving within a narrow range between 1.1380 and 1.1450. A breakout below 1.1380 could open the way for further declines, while a breakout of resistance at 1.1450 could indicate an attempt at a bullish correction. Technical indicators, such as RSI, indicate oversold conditions, which may suggest a temporary rebound.

Euro/Dollar - 1H Chart

Euro/Dollar - 1H Chart

On the hourly chart of EUR/USD, there is a slight bounce from the level of 1.1380, but there is still no clear reversal signal. The price is testing resistance at 1.1420, while support remains at 1.1380. The trading volume is low, which may suggest a lack of decisiveness among investors. The RSI and MACD indicators indicate a potential reversal, but there is no confirmation.

Euro/Dollar - 15-minute chart

Euro/Dollar - 15-minute chart

The 15-minute chart shows a short-term consolidation in the range of 1.1400 - 1.1420. Momentum indicators do not show a strong direction, suggesting a continuation of the narrow trading range. Key levels to watch are 1.1400 as support and 1.1420 as resistance.

Euro/Dollar - Options data

FXE options data indicates a very bullish sentiment with a low put/call ratio of 0.12. High interest in calls at $109 (+4.8% from ATM) suggests expectations for an increase in EUR/USD. The max pain level at $106 (+1.9% from ATM) may indicate a potential cap on gains at this level. Total open positions in calls exceed those in puts, reinforcing the bullish sentiment.

Euro/Dollar - Summary

EUR/USD is in a long-term downtrend, with key support at 1.1300 and resistance at 1.1500. Short-term charts show consolidation, but a potential rebound may be limited by the level of 1.1450. Options data suggests bullish sentiment, but the current market uncertainty may lead to further consolidation. A key level to watch will be 1.1380, and a break of this level could open the way for further declines.

Pound/Dollar - Daily Chart (D1)

Pound/Dollar - Daily Chart (D1)

On the daily chart of GBP/USD, a persistent bearish momentum is visible. The price oscillates around the level of 1.3240, suggesting that support at around 1.3200 may be tested in the near future. A break of this level could open the way for further declines towards 1.3100. On the other hand, gains may be limited by resistance around 1.3350.

Pound/Dollar - 4H Chart

Pound/Dollar - 4H Chart

On the 4-hour chart of GBP/USD, there is an attempt to bounce off the local support level at 1.3200. However, the resistance around 1.3300 remains strong, suggesting the possibility of consolidation in this range. A breakout above 1.3300 may indicate further upward correction, while a drop below 1.3200 will strengthen the selling pressure.

Pound/Dollar - 1H Chart

Pound/Dollar - 1H Chart

The hourly chart shows that GBP/USD is moving in a narrow range between 1.3220 and 1.3250. The current consolidation may be a test of strength before a more decisive move. A breakout above 1.3250 could suggest short-term gains, while a drop below 1.3220 may lead to testing lower support levels.

Pound/Dollar - 15-minute chart

Pound/Dollar - 15-minute chart

On the 15-minute chart, GBP/USD is testing local support at 1.3230. Low volatility is visible, which may indicate a temporary stabilization before the release of macroeconomic data. Short-term resistance is at 1.3250, and breaking it may activate short bullish positions.

Pound/Dollar - Options data

Options data for the FXB ETF indicates a bearish sentiment dominance with a high Put/Call Ratio of 3.50. Key support levels are $122 (-3.2% from ATM), which may suggest expectations of further declines. High open interest at put levels of $122 and $123 indicates selling pressure. The maximum pain at $122 suggests that the market may aim for this level in the short term.

Pound/Dollar - Summary

The overall sentiment for GBP/USD is bearish, with key support at 1.3200 and resistance at 1.3350. Options data confirms selling pressure, which may lead to further declines. Statements from BOE and FED representatives and macroeconomic data scheduled for today may introduce volatility. The short-term bias remains downward unless the data changes current market expectations.

Australian Dollar/Dollar - Daily Chart (D1)

Australian Dollar/Dollar - Daily Chart (D1)

On the daily chart of AUD/USD, there is a clear downward trend, with a strong resistance level around 0.7000. The price is approaching local support at 0.6850, which may trigger a short-term consolidation. Moving averages indicate a continuation of the current downward trend, suggesting further weakening of the Australian dollar against the US dollar. Technical indicators, such as RSI, are in the oversold zone, which may signal a possible upward correction before the downward trend resumes.

Australian Dollar/Dollar - 4H Chart

Australian Dollar/Dollar - 4H Chart

On the 4-hour chart of AUD/USD, consolidation is visible in the range of 0.6880-0.6920. Attempts to break above 0.6920 have failed, indicating bear dominance. Trading volume is decreasing, which may suggest a lack of conviction in the market. Key support is at the level of 0.6880, and a break below it could open the way for further declines towards 0.6850.

Australian Dollar/Dollar - 1H Chart

Australian Dollar/Dollar - 1H Chart

The hourly chart shows attempts to bounce off the level of 0.6880, but each attempt to rise encounters resistance around 0.6900. Momentum indicators indicate short-term weakness, which may suggest further declines. Monitoring the level of 0.6880 as the nearest support is crucial, as its breach could accelerate the downward movement.

Australian Dollar/Dollar - 15min Chart

Australian Dollar/Dollar - 15min Chart

On the 15-minute chart of AUD/USD, consolidation is visible around the level of 0.6890. Short-term support is seen at 0.6885, while resistance is at 0.6900. The current low volatility suggests waiting for macroeconomic impulses. A breakout of one of these levels may signal a short-term move in that direction.

Australian Dollar/Dollar - Options Data

Option data indicates a strong bearish sentiment with a clear advantage of put options over call options (Put/Call Ratio: 3.54). Key put option levels are $70 and $71, which may indicate expectations of further declines. Maximum pain (Max Pain) is $70, suggesting that the most options positions lose value at this price. The overall structure of the options market supports a bearish scenario for AUD/USD, which is consistent with the current trend on the chart.

Australian Dollar/Dollar - Summary

All time intervals suggest a continuation of the bearish trend for AUD/USD. Key support is at 0.6880, and resistance is at 0.6900. The options market sentiment is bearish, which reinforces predictions of further declines. Macroeconomic events, such as the appearance of the Fed Chair, may introduce additional volatility. Levels to watch are 0.6880 as support and 0.6920 as resistance.

Dollar/Yen - Daily Chart (D1)

Dollar/Yen - Daily Chart (D1)

Error generating D1 analysis for USD/JPY

Dollar/Yen - 4H Chart

Dollar/Yen - 4H Chart

Error generating H4 analysis

Dollar/Yen - 1H Chart

Dollar/Yen - 1H Chart

Error generating H1 analysis

Dollar/Yen - 15min Chart

Dollar/Yen - 15min Chart

Error generating M15 analysis

Dollar/Yen - Summary

Error generating summary

Dollar/Franc - Daily Chart (D1)

Dollar/Franc - Daily Chart (D1)

On the daily chart of USD/CHF, it can be seen that the price is holding at 0.8094, after a previous breakout to the upside. The trend is bullish, and the price is above key moving averages, suggesting a continuation of buying pressure. A significant resistance level is at 0.8200, which has acted as a strong barrier in the past. Support is around 0.8000, which could serve as a potential bounce point in case of a correction.

Dollar/Franc - 4H Chart

Dollar/Franc - 4H Chart

On the 4-hour chart of USD/CHF, we observe price consolidation around 0.8093. After a strong bullish impulse, the market seems to be stabilizing, which may be a preparation for the next move. The chart shows that resistance is around 0.8120, while support holds at 0.8060. Oscillatory indicators suggest a neutral sentiment, indicating a possible consolidation.

Dollar/Franc - 1H Chart

Dollar/Franc - 1H Chart

On the hourly chart of USD/CHF, the price oscillates around 0.8093, showing slight signs of upward pressure. A flag pattern is forming, which may suggest a continuation of the upward trend. Support is at 0.8075, and resistance is at 0.8105. Oscillators indicate a bullish advantage, which may suggest an attempt to attack higher levels.

Dollar/Franc - 15min Chart

Dollar/Franc - 15min Chart

The 15-minute chart shows that the currency pair USD/CHF is consolidating in a narrow range of 0.8085 - 0.8100. We are observing slight increases, but the lack of a decisive breakout suggests that the market may remain in consolidation for a while longer. Key levels are 0.8090 as support and 0.8100 as resistance.

Dollar/Franc - Options data

Options data indicates a very bullish sentiment, with a dominance of call volume. The key strike levels for calls are $108 and $109, suggesting expectations for an increase in USD/CHF. High Call OI combined with a low Put/Call Ratio underscores the bullish mood. Max Pain at $108 suggests that the market may aim for this level before the options expiration.

Dollar/Franc - Summary

USD/CHF remains in an uptrend with key resistance levels at 0.8120 and support at 0.8075. Options analysis supports a bullish outlook, and macro data may influence volatility, especially in the context of upcoming speeches and ISM data. The options market sentiment and technical indicators suggest the possibility of further increases, although a temporary consolidation is possible.

Dollar/Canadian Dollar - Daily Chart (D1)

Dollar/Canadian Dollar - Daily Chart (D1)

On the daily chart, USD/CAD shows a strong upward trend, reaching new highs. The increases are supported by clear bullish candles, and the latest price around 1.4217 suggests a continuation of the trend. Key support is at the level of 1.3900, while resistance is visible near 1.4300. The RSI indicates possible overbought conditions, which may signal a short-term correction, but the overall picture remains bullish.

Dollar/Canadian Dollar - 4H Chart

Dollar/Canadian Dollar - 4H Chart

On the 4-hour chart, USD/CAD is in a consolidation phase after reaching recent highs. The price oscillates in a narrow range of 1.4150 - 1.4220, indicating a possible break in the upward trend. Technical indicators, such as MACD, suggest weakening momentum, which may lead to a correction or continuation of consolidation in the short term.

Dollar/Canadian Dollar - 1H Chart

Dollar/Canadian Dollar - 1H Chart

On the hourly chart of USD/CAD, there is slight downward pressure after reaching local peaks. The price is testing support levels around 1.4200, while increases are limited by resistance at 1.4230. Technical indicators, such as the stochastic, are showing sell signals, which may suggest further correction in the coming hours.

Dollar/Canadian Dollar - 15-minute chart

Dollar/Canadian Dollar - 15-minute chart

The 15-minute chart shows that USD/CAD is undergoing a short-term correction phase. The price has fallen below 1.4210, and support is visible at 1.4190. Short-term indicators, such as RSI, indicate possible oversold conditions, which may signal a rebound in the short term.

Dollar/Canadian Dollar - Options Data

The options analysis for the FXC ETF indicates a very bullish sentiment with a put/call ratio of 0.34. The dominance of call options at levels such as $81 suggests bullish expectations for USD/CAD. The open interest in calls at $69 and $70 indicates nearby support. The max pain at $81 may signal a target for increases if the trend continues. High volumes of call options confirm the bullish sentiment.

Dollar/Canadian Dollar - Summary

USD/CAD is in a strong uptrend on the daily chart with key support at 1.3900. Shorter time frame charts suggest possible consolidation or correction, especially at levels 1.4200 - 1.4230. The options sentiment is bullish, which supports further increases. Key levels to watch are support at 1.4190 and resistance at 1.4300. The overall bias remains bullish, but short-term corrections are possible.

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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