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Morning market review - Wednesday, June 10, 2026

Technical analyses of 12 instruments with options data

Kacper MrukJune 10, 2026Updated: June 10, 20261 min read

Morning market review indicates a prevailing mood of fear, as reflected by the Fear & Greed Index at 34. Today, key macroeconomic data, such as the CPI and Core CPI in the USA, will be released at 12:30 (Warsaw time), which may influence investor decisions. Additionally, at 13:45 (Warsaw time), we will learn the Bank of Canada's stance on interest rates. In today's analysis, we will examine 12 instruments to assess their reactions to the upcoming events.

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Further Reading

Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin continues its downward movement, as evidenced by a series of lower highs and lows. The price oscillates around the level of 61,400 USD, which may act as a short-term support level. Technical indicators, such as RSI, indicate market overreaction, which may suggest a potential rebound. However, the lack of clear trend reversal signals suggests that selling pressure remains. The key resistance is at 65,000 USD, and support is at 60,000 USD.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, there is consolidation near 61,400 USD after recent declines. Volume indicates increased interest at lower price levels, which may suggest a potential rebound. However, the lack of a clear breakout above 62,500 USD means that the risk of a continuation of the downward trend remains. Oscillators are in the neutral zone, which may indicate a lack of a decisive direction.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart shows short-term stabilization with a slight rebound from the level of 61,200 USD. The current consolidation may be a preparation for further movement, and a breakout above 62,000 USD could open the way to 63,000 USD. Conversely, a drop below 61,000 USD may strengthen the downward trend. The RSI on the hourly chart is starting to rise, which may suggest an interest in buying.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, Bitcoin shows low volatility, oscillating around the level of 61,400 USD. We observe small candles with low volume, which may indicate a lack of decisiveness among investors. Support is visible at 61,200 USD, and resistance at 61,600 USD. The short-term trend remains neutral, and a breakout from this range may give further direction to the price.

Bitcoin - Options data

Options data indicates a predominance of put options, which confirms the current bearish sentiment. The Put/Call ratio is 1.17, suggesting greater interest in hedging against further declines. Key levels of maximum pain are at 36 USD, indicating potential price attraction towards this level in the short term. Open interest for put options is significant, which may indicate expectations of further declines.

Bitcoin - Summary

The current market sentiment for Bitcoin is bearish, as confirmed by options data and the Fear & Greed index. Key support is at 61,000 USD, while resistance is at 62,500 USD. Upcoming macroeconomic data may influence price volatility. Overall, selling pressure prevails, but short-term rebounds are possible in the context of an oversold market.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart, Ethereum is in a clear downtrend. The price is currently around 1631 USD, testing lower levels. It is evident that support levels at 1600 and 1500 USD could be crucial if selling pressure persists. The RSI indicates oversold conditions, which may suggest a potential rebound, but there are no strong reversal signals. Trading volume remains relatively stable, which may indicate a lack of decisiveness among investors.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, Ethereum continues to consolidate in the range of 1600-1650 USD. The recent bounce from the 1600 USD level suggests a possible attempt to return to higher levels, but the overall trend remains bearish. Technical indicators, such as MACD, indicate the possibility of a short-term bounce, but there are no strong buy signals. Monitoring key resistance levels at 1650 and 1700 USD will be important.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart shows a short-term attempt to rebound after a recent decline. The price is moving within a narrow range, with the nearest resistance at 1640 USD. Technical indicators, such as RSI, suggest the possibility of a continuation of the rebound, but there are no clear entry signals. An increase in volume around 1630 USD may indicate investor interest, but more activity is needed to change sentiment.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart, a temporary bounce from the level of 1620 USD is visible. The price is consolidating around 1630 USD, with slight buying pressure. Monitoring the level of 1640 USD as a short-term resistance is crucial. Indicators such as Stochastic suggest a possible further bounce, but there are no strong signals. Further observation of volume is recommended to identify potential continuations of movement.

Ethereum - Options data

Options data indicates a dominance of put options, with a put/call ratio of 1.78, suggesting bearish sentiment. Key strike levels, such as $13 and $12, may act as potential support and resistance. High open interest at levels above the current price suggests that investors may be expecting further declines. Max pain at $13 indicates the possibility of consolidation around this level, which could affect short-term volatility.

Ethereum - Summary

Ethereum is in a downtrend with possible consolidation in the range of 1600-1650 USD. Key support levels are 1600 USD, and resistance is at 1650 USD. Market sentiment and options data indicate a bearish advantage, which may suggest further declines. Monitoring reactions to macroeconomic data, such as CPI, could be crucial for short-term price changes.

Gold - Daily Chart (D1)

Gold - Daily Chart (D1)

On the daily chart of XAUUSD, a clear downtrend has been visible for several months. The price is currently oscillating around the level of 4206, which suggests the possibility of further declines towards the key support level of 4100. The volume is high, indicating significant selling activity. The nearest resistance is around 4300, and breaking this level could suggest a potential upward correction.

Gold - 4H Chart

Gold - 4H Chart

The 4-hour chart also shows a downward trend, with the last move down from the level of 4300 to the current level of 4206. The price has been bouncing off the lower support, which may suggest a short-term rebound to the level of 4250. However, as long as the price remains below 4300, the outlook remains negative.

Gold - 1H Chart

Gold - 1H Chart

On the hourly chart, a short-term consolidation is visible after a sharp decline. The price bounced off 4160 and is moving towards 4220, which could be a short-term target for buyers. A breakout above the 4220 level could open the way to test 4250. The volume indicates a possible increase in investor interest.

Gold - 15min Chart

Gold - 15min Chart

The 15-minute chart shows dynamic price movements with a local minimum at 4160. The price is currently rising, with a possible target at 4210. Rapid changes in volume indicate volatility, which may lead to sudden fluctuations in the short term. Key support is at 4160, and resistance is in the 4210-4220 zone.

Gold - Options data

Analysis of options on GLD indicates a neutral sentiment with a Put/Call Ratio of 0.97. Key levels for Calls are 400 and 405, suggesting potential upside targets. On the Put side, the highest interest is at 385, which aligns with the current Max Pain level. The options volume is balanced, indicating a lack of clear direction among investors.

Gold - Summary

Gold XAUUSD is in a downtrend, with key support at 4100. A short-term rebound may encounter resistance around 4250-4300. Options data shows a neutral sentiment, and macroeconomic events, including inflation data, may influence the further direction. Key levels are support at 4160 and resistance at 4220.

Silver - Daily Chart (D1)

Silver - Daily Chart (D1)

On the daily chart of XAGUSD, a clear downward trend is visible, with the price oscillating around 65 USD. The current level is close to the lower boundary of the downward channel, which may suggest a possibility of a rebound. Technical indicators, such as RSI, indicate that the market is oversold, which may support a corrective move upward. Key resistances are at 68 USD and 70 USD, while support is around 62 USD.

Silver - 4H Chart

Silver - 4H Chart

On the 4-hour chart, consolidation is visible after a significant decline, with the price testing support at 64 USD. Moving averages indicate a continuation of the downward trend, but a short-term pullback to 66 USD is possible. A break below 64 USD could open the way for further declines.

Silver - 1H Chart

Silver - 1H Chart

The hourly chart shows attempts to bounce off the level of 64 USD. Indicators suggest short-term oversold conditions, which may lead to a local increase towards 65 USD. It will be crucial to maintain this level to continue the upward movement. However, a break of support at 64 USD may initiate further declines.

Silver - 15min Chart

Silver - 15min Chart

The 15-minute chart indicates increased volatility around the level of 64 USD. There is an attempt to form local support, which may suggest a short-term rebound to 64.5 USD. However, the selling pressure remains strong, which could lead to further declines if the level of 64 USD is breached.

Silver - Options Data

Option data for SLV indicates a dominance of puts over calls, reflecting a bearish sentiment. With the highest open interest at 57 USD, this level serves as key support. Strikes at 64 USD and above are less active, which may suggest limited upside potential in the near term. The put/call ratio of 1.18 confirms the negative market sentiment.

Silver - Summary

Analysis indicates a bearish sentiment with a dominance of downward pressure. Key support is at 62 USD, and resistance is at 68 USD. The market remains sensitive to macro data, especially CPI, which may influence the direction of movement. The bias remains bearish, with possible technical corrections. Observing the reaction at the level of 64 USD will be crucial for short-term investment decisions.

S&P 500 - Daily chart (D1)

S&P 500 - Daily chart (D1)

On the daily chart of the S&P 500, a recent strong upward movement is visible, which gained strength in March 2026. Since then, the index has undergone a correction from the level of 7600 to around 7386, showing signs of short-term weakness. Currently, the price is below 7500, which may suggest a continuation of the correction. Key support is located around 7300, and breaking this level may lead to further declines. Moving averages are starting to flatten, indicating a possible consolidation.

S&P 500 - 4H Chart

S&P 500 - 4H Chart

On the 4-hour chart of the S&P 500, a clear bounce from the level of around 7300 is visible, which may suggest a short-term attempt to return to growth. However, the current resistance levels are close to 7500, which may pose a significant barrier for the bulls. Trading volume indicates increasing buying activity around the support, which may support the attempt to bounce.

S&P 500 - 1H Chart

S&P 500 - 1H Chart

The hourly chart shows that the S&P 500 has bounced off the level of 7300 and is heading towards 7400. This move is supported by increased volume, suggesting buyer engagement. However, the range of the upward movement is limited by resistance at 7450, where an interruption of the gains may occur. A shift in sentiment to a more positive outlook could support further increases.

S&P 500 - 15-minute chart

S&P 500 - 15-minute chart

On the 15-minute chart, stabilization is visible after the previous upward movement. The price is moving in a narrow range between 7380 and 7400. Technical indicators suggest the possibility of further upward movement, but there is a lack of confirmation in the form of higher volume. A breakout above the 7400 level could open the way for further short-term gains.

S&P 500 - Options data

Option data for SPY shows a clear advantage for calls, which is consistent with a very bullish sentiment. With a put/call ratio of 0.00, the market is unequivocally dominated by bullish expectations. Key resistance levels for calls are located between 743 and 755, with the largest open interest at 750. Support is at the max pain level of 750, which may act as a magnet for prices in the event of increased volatility.

S&P 500 - Summary

The S&P 500 is in a short-term correction, but strong support at 7300 may serve as a base for a rebound. Sentiment is mixed, with a bullish bias in the options perspective. Key levels are 7450 as resistance and 7300 as support. Expected CPI data may influence market volatility and direction. The bias remains neutral to slightly bullish, especially in the context of options.

Oil - Daily Chart (D1)

Oil - Daily Chart (D1)

On the daily chart of WTI, a continuation of the downward trend since April 2026 is visible, with current support around 87 USD. The price oscillates around 88 USD, suggesting possible further weakening. Key support is at the level of 85 USD, and resistance is in the area of 92 USD. RSI is in the neutral zone, which may suggest further consolidation or an attempt to rebound.

Oil - 4H Chart

Oil - 4H Chart

On the 4-hour chart, the price of WTI is approaching local support around 87 USD. Recent sessions have been characterized by lower highs, confirming the supply pressure. If the level of 87 USD is broken, a further decline towards 85 USD is possible. The nearest resistance is located around 90 USD.

Oil - 1H Chart

Oil - 1H Chart

The hourly chart shows that WTI is in a short-term downtrend with resistance around 89 USD. The price oscillates around 88 USD, and a break below 87.5 USD could lead to further declines. Technical indicators suggest a possible short-term rebound, but the overall sentiment remains bearish.

Oil - 15min Chart

Oil - 15min Chart

On the 15-minute chart, we observe consolidation around the level of 88 USD after a previous decline. Indicators show the exhaustion of selling strength, which may suggest a short-term rebound. Key support is at 87.8 USD, and resistance is at 88.5 USD.

Oil - Options data

Options data shows a very bullish sentiment with a lower put/call ratio of 0.26. High open interest at call levels, particularly at $145, suggests expectations for increases. Max Pain at $145 indicates a possible upward move, although the current price is significantly below this level. The options market suggests a potential rebound, but current market conditions indicate caution.

Oil - Summary

The overall sentiment for WTI remains bearish, with key support at 87 USD and resistance at 92 USD. Options data indicates a bullish sentiment, but current supply pressure dominates. Macroeconomic events, such as the upcoming CPI data, may influence the further direction of movement. In the near term, it will be important to observe the price reaction at the 87 USD level.

Euro/Dollar - Daily Chart (D1)

Euro/Dollar - Daily Chart (D1)

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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

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Euro/Dollar - Summary

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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)

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Australian Dollar/Dollar - 4H Chart

Australian Dollar/Dollar - 4H Chart

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Australian Dollar/Dollar - 1H Chart

Australian Dollar/Dollar - 1H Chart

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Australian Dollar/Dollar - 15min Chart

Australian Dollar/Dollar - 15min Chart

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Australian Dollar/Dollar - Summary

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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 with clear momentum. The current quotes are around 160.37, suggesting the possibility of further growth. Support can be identified near 158.00, while resistance is close to 162.00. The bullish candlestick pattern indicates the dominance of bulls, however, the RSI is approaching the overbought zone, which may signal a potential correction.

Dollar/Yen - 4H Chart

Dollar/Yen - 4H Chart

On the 4-hour chart, USD/JPY remains in an upward trend with slight corrections. The price stabilizes above 160.00, which is a positive signal. Short-term support is around 159.50, and resistance is at 161.00. Oscillators indicate the possibility of further increases, although the RSI is beginning to show signs of overbought conditions.

Dollar/Yen - 1H Chart

Dollar/Yen - 1H Chart

The hourly chart shows consolidation after the recent rise with a slight decrease in volume. The current support is 160.00, and resistance is 160.80. The price is oscillating in a narrow range, which may suggest preparation for a larger move. The short-term uptrend remains intact; however, investors should be aware of potential volatility due to upcoming macro data.

Dollar/Yen - 15min Chart

Dollar/Yen - 15min Chart

On the 15-minute chart of USD/JPY, there is consolidation around the level of 160.35. We observe low volatility with strong support at 160.20 and resistance at 160.50. The short-term outlook is neutral, with a possible attempt to break out in one direction, especially in the context of upcoming macroeconomic data.

Dollar/Yen - Options data

Options data related to the FXY ETF shows a put/call ratio of 1.28, indicating an advantage for put options and suggesting bearish sentiment. The largest open interests are at call levels of $58 and put levels of $57. The Max Pain at $58 suggests that before the options expire, the price may trend towards this level. Overall, the options indicate the possibility of further downward pressure in the short term.

Dollar/Yen - Summary

Analysis indicates a moderate bullish bias for USD/JPY on higher time frames, but with potential short-term correction. Key levels to watch are support at 160.00 and resistance at 161.00. Options data and upcoming macro events may increase volatility, suggesting caution in short-term trading. Investors should be prepared for the possibility of increased volatility due to the release of CPI data.

Dollar/Franc - Daily Chart (D1)

Dollar/Franc - Daily Chart (D1)

On the daily chart of USD/CHF, an upward trend is noticeable, with the price oscillating around 0.7980. The last few days have shown increased volatility and rises, which may suggest a continuation of the upward trend. Key support is located around 0.7850, and the nearest resistances are at 0.8050. Technical indicators, such as RSI, are approaching overbought levels, which may suggest a potential correction in the short term.

Dollar/Franc - 4H Chart

Dollar/Franc - 4H Chart

On the 4-hour chart of USD/CHF, consolidation is visible after recent increases. Support levels are clear around 0.7920, with local resistance at 0.8000. We are observing a slight slowdown in the momentum of the increases, which may lead to short-term consolidation before further directional movement. Technical indicators suggest a neutral stance.

Dollar/Franc - 1H Chart

Dollar/Franc - 1H Chart

The hourly chart shows a slight pullback after recent gains, with key support at 0.7960. Clear resistance is at 0.8000, which may pose a barrier to further increases. Oscillators indicate a decrease in buying strength, which may suggest a potential pullback in the short term. Price movements are currently limited, which may indicate upcoming volatility.

Dollar/Franc - 15min Chart

Dollar/Franc - 15min Chart

On the 15-minute chart, a local correction is visible within a broader uptrend. Support at 0.7975 appears stable, and the nearest resistance is at 0.7985. Short-term oscillators indicate the possibility of a rebound, but the lack of clear directional signals suggests caution in decision-making.

Dollar/Franc - Options data

Options data for FXF indicates a neutral sentiment with a put/call ratio of 0.85. Key levels for call options are 115 and 113, suggesting expectations of moderate growth. The max pain level at 140 suggests that investors may be more interested in protection against larger increases. The volume and open interest in puts is lower, which may indicate limited selling pressure in the short term.

Dollar/Franc - Summary

USD/CHF shows signs of a continuation of the upward trend, although short-term indicators suggest the possibility of a correction. Key levels are support at 0.7960 and resistance at 0.8000. Options data indicates a neutral sentiment with a slight bullish bias. Volatility is expected due to upcoming macroeconomic data, particularly CPI, which may influence the further direction of the pair.

Dollar/Canadian Dollar - Daily Chart (D1)

Dollar/Canadian Dollar - Daily Chart (D1)

The daily chart shows a strong upward trend, with the price oscillating around 1.3940. The current price level is close to the resistance from the previous local peak in February 2026. Technical indicators may suggest the possibility of a correction, however, the momentum remains bullish. Key support is at 1.3850, and resistance at 1.4000.

Dollar/Canadian Dollar - 4H Chart

Dollar/Canadian Dollar - 4H Chart

On the 4-hour chart, an ascending price channel is visible, with a slight weakening of momentum in the last candles. The price has stopped near 1.3940, which may suggest consolidation before further movement. Support is at 1.3900, and resistance is at 1.3960.

Dollar/Canadian Dollar - 1H Chart

Dollar/Canadian Dollar - 1H Chart

The hourly chart shows a slight correction after reaching a local peak. The price oscillates around 1.3940, and the indicators suggest the possibility of further consolidation in the short term. Key levels are support at 1.3920 and resistance at 1.3950.

Dollar/Canadian Dollar - 15min Chart

Dollar/Canadian Dollar - 15min Chart

On the 15-minute chart, selling pressure is approaching the support level of 1.3930. Local consolidation suggests a possible move towards 1.3920 if selling continues. Short-term resistance is visible at 1.3945.

Dollar/Canadian Dollar - Options Data

Options data suggests a very bullish sentiment, with a low put/call ratio of 0.10. Open interest indicates significant interest in call options, particularly at the $75 and $80 strikes, which may signal expectations for an increase in USD/CAD. Key support is visible at the $70 level with high open interest for put options, which aligns with maximum pain at $70. This bullish options sentiment may support further increases in the currency pair.

Dollar/Canadian Dollar - Summary

USD/CAD remains in an uptrend with key support levels at 1.3900 and resistance at 1.3960. Options data indicates a bullish sentiment, which may support further increases. Macroeconomic events, such as the CPI release and BOC decisions, could significantly impact price movements. The bias remains slightly bullish, with the possibility of a correction before further increases.

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 does inflation affect trading?
Higher inflation typically leads to rate hike expectations, strengthening the currency. However, persistent inflation can eventually weaken the economy and currency. Gold often serves as an inflation hedge.

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