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Morning market review - Friday, March 13, 2026

Technical analyses of 12 instruments with options data

Kacper MrukMarch 13, 20261 min read
Morning market review - Friday, March 13, 2026

Morning Market Review

The morning market review indicates a strong sense of unease, as confirmed by the Fear & Greed index, which currently stands at 21, indicating extreme fear among investors. In light of significant macroeconomic data, such as today's readings on GDP and employment indicators in Canada and the United States, the markets may experience increased volatility. Additionally, the upcoming FOMC meeting scheduled for March 18, 2026, in the context of the current Fed rate of 3.50-3.75%, raises further interest. In this analysis, we will take a look at twelve key instruments that may react to today's events.

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Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin shows signs of consolidation after a previous decline. It is currently around 71,300 USD, which is a resistance level from the end of February. Technical indicators suggest stabilization with an attempt to bounce back, however, the volume remains low, which may indicate a lack of a decisive trend. The main support is around 68,000 USD, and resistance at 72,000 USD will be crucial for further growth.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, there is an attempt to break the resistance at the level of 71,500 USD. The recent candles show uncertainty, and the volume does not indicate strong buying interest. If Bitcoin breaks 71,500 USD, the next target could be 72,000 USD. Short-term support is at the level of 70,500 USD, which could serve as a bounce point in case of a correction.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart shows local consolidation in the range of 71,000-71,500 USD. The bullish momentum has weakened, and the current candlestick arrangement indicates the possibility of a correction towards 71,000 USD. If this level is broken, a further decline to 70,500 USD is possible. The key resistance remains at 71,500 USD.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, Bitcoin is holding in a narrow range between 71,200 and 71,350 USD. The current consolidation indicates a lack of direction, and low volume suggests caution among investors. Support in the area of 71,200 USD, with resistance at 71,350 USD, is crucial for short-term movements.

Bitcoin - Options data

Options data for IBIT indicates a dominance of put positions with a put/call ratio of 1.06, suggesting a more bearish sentiment. The main support levels are 36 USD and 38 USD (respectively -10.1% and -3.8% from ATM). The max pain level at 40 USD indicates a possible target for loss neutralization in the options market. The volume of puts exceeds calls, confirming market uncertainty.

Bitcoin - Summary

Analysis indicates a neutral to bearish sentiment. Key levels are 71,500 USD as resistance and 70,500 USD as support. Options suggest the risk of further declines, with max pain at 40 USD, which may limit gains. Macroeconomic indicators and events may introduce additional volatility.

Ethereum - Daily chart (D1)

Ethereum - Daily chart (D1)

On the daily chart of Ethereum, it is evident that the price is moving in a downward trend; however, the recent candles indicate a possible rebound. The current resistance level is around 2200 USD, while support is located near 2000 USD. The trading volume is moderate, suggesting that investors are cautious. A break above 2200 USD will be crucial to confirm a potential trend reversal.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, Ethereum shows signs of consolidation between 2050 and 2150 USD. The price is testing the upper limits of this range, which may suggest that bulls are trying to break through resistance. The RSI is neutral, indicating a lack of a clear direction. A break above 2150 USD will open the way for further gains.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart shows a correction after the recent rise to the level of 2150 USD. The price is currently oscillating around 2100 USD, which indicates potential support. The MACD is starting to indicate a possible reversal in favor of the bulls, but confirmation in the form of higher volume is needed.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

In real-time on the 15-minute chart, the price shows slight selling pressure, which may lead to a short-term test of support at the level of 2080 USD. Momentum is weak, and volume is low, suggesting a lack of strong momentum in either direction.

Ethereum - Options data

Options data for ETHA indicates a neutral sentiment with a put/call ratio of 0.81. Most open call positions are at strikes of 16 and 17 USD, suggesting expectations for increases to these levels. On the other hand, PUT support is dominant at 14 USD, which may pose a barrier to declines. Max Pain at 16 USD indicates potential price struggles in this area.

Ethereum - Summary

The sentiment of the Ethereum market is mixed, with signs of consolidation and potential attempts to break above 2150 USD. Key levels are 2200 USD as resistance and 2000 USD as support. Options suggest neutrality with a possible move towards 16 USD on the ETHA ETF. The "Extreme Fear" sentiment indicates caution among investors.

Gold - Daily Chart (D1)

Gold - Daily Chart (D1)

On the daily chart, gold (XAUUSD) continues its upward trend, approaching resistance at 5,150.00. Recent sessions have been characterized by clear fluctuations, indicating uncertainty among investors. Technical indicators suggest the continuation of the upward trend; however, potential corrections may occur around 5,000.00, which acts as support. Given the current market sentiment, further increases are possible, but with attention to key macroeconomic events.

Gold - 4H Chart

Gold - 4H Chart

On the 4-hour chart, a consolidation is forming between the levels of 5,050.00 and 5,150.00. Gold is encountering short-term resistance, and technical indicators suggest a possible continuation of sideways movement before the trend clarifies. A breakout above the level of 5,150.00 could pave the way for further gains, however, a drop below 5,050.00 could direct the price towards lower support levels.

Gold - 1H Chart

Gold - 1H Chart

The hourly chart shows recent attempts to break the level of 5,100.00, which ended in failure, indicating local resistance. The current sideways movement suggests a lack of decisiveness among investors. A downward break could direct the price to support at 5,070.00, while a rise above 5,100.00 could be a signal to test higher levels.

Gold - 15min Chart

Gold - 15min Chart

The 15-minute chart shows increased volatility, with an attempt to defend the support at 5,090.00. There is selling pressure observed, but the lack of a clear direction indicates the possibility of further consolidation. A breakout to the upside could direct the price towards 5,100.00, while a drop below 5,090.00 could accelerate the downward movement.

Gold - Options Data

Options data for GLD indicates a very bullish sentiment with a zero put/call ratio. The dominance of calls suggests expectations of further increases, with key levels at $485 and $475, corresponding to a 5.9% and 3.7% increase from the current price. MAX PAIN at $485 may act as a psychological target for investors. The lack of activity in the put market confirms optimism, but extreme fear in the Fear & Greed Index may introduce additional volatility.

Gold - Summary

The current sentiment in the gold market remains bullish, supported by options data. Key resistance levels are at 5,150.00, with support at 5,050.00. Expected macroeconomic events may introduce volatility; however, the lack of activity in the put market suggests limited downward pressure. The bias remains bullish, with the possibility of a correction at key support levels.

Silver - Daily Chart (D1)

Silver - Daily Chart (D1)

On the daily chart of XAGUSD, it can be seen that the price of silver is in a correction phase after a previous increase. Currently, the level of 82.40 USD acts as support, while resistance is around 85.46 USD. The bearish candle with high volume suggests selling pressure. If the support is broken, the price may head towards the level of 80.00 USD. Technical indicators indicate further potential declines, but the upcoming macroeconomic data will be crucial.

Silver - 4H Chart

Silver - 4H Chart

The 4-hour chart shows a continuation of the downward trend with lower highs and lows. The price is currently testing support at 82.45 USD. If it breaks through, the next level to watch is 81.00 USD. Resistance is at 84.55 USD. Technical indicators are in the oversold zone, which may suggest the possibility of a short-term rebound.

Silver - 1H Chart

Silver - 1H Chart

On the hourly chart of XAGUSD, there is visible selling pressure. The price oscillates around the level of 82.47 USD. If it stays below this level, a further decline to 82.00 USD is possible. Conversely, a breakout above 83.00 USD could indicate an attempt to return to the level of 84.00 USD. Technical indicators suggest oversold conditions, which implies a possible upward correction.

Silver - 15-minute chart

Silver - 15-minute chart

On the 15-minute chart, increased volatility is visible with a clear advantage for sellers. The price is moving in a narrow range between 82.40 and 82.50 USD. A break below the lower range may lead to further declines, while a break above 82.50 USD could provide momentum for a short-term rebound. Currently, however, negative sentiment prevails.

Silver - Options data

Options data for SLV indicates a very bullish sentiment with a zero put/call ratio. Key Call levels are 80 USD (6.7% above ATM) and 85 USD (13.3% above ATM), which suggests expectations of an increase. The lack of activity on Puts suggests a lack of hedging against declines. Call volume and OI are significant, which may support further increases, however, the current pressure in the silver market may temporarily limit upward movements.

Silver - Summary

The sentiment for silver remains mixed. The long-term uptrend is threatened by short-term downward pressure. Key support levels are 82.00 USD and 80.00 USD, while resistances are 84.00 USD and 85.00 USD. Options data is bullish, but the overall market sentiment, including the Fear & Greed Index at 21 (Extreme Fear), indicates possible further volatility. Traders should monitor the upcoming macroeconomic data.

S&P 500 - Daily chart (D1)

S&P 500 - Daily chart (D1)

On the daily chart of the S&P 500, a strong downward trend can be seen that has been ongoing for several weeks. The current price is oscillating around 6672, which indicates a significant decrease of 1.52% in the last session. Clear support is visible around 6600, while resistance is located in the area of 6800. Volume indicates increasing selling pressure, suggesting further market weakness unless a strong rebound occurs from the support.

S&P 500 - 4H Chart

S&P 500 - 4H Chart

The 4-hour chart shows consolidation in the lower range of declines. The price is approaching support at 6650, which may be crucial for the further direction. A break of this level could lead to further declines. Oscillators indicate possible overselling, which may suggest a corrective rebound in the short term.

S&P 500 - 1H Chart

S&P 500 - 1H Chart

On the hourly chart, we observe short-term consolidations. The price is moving close to the lower support boundary at 6670. Technical indicators suggest a possible upward movement, but there is a lack of a decisive buy signal. The nearest resistances are at levels 6700 and 6725.

S&P 500 - 15-minute chart

S&P 500 - 15-minute chart

The 15-minute chart shows dynamic downward movements with slight attempts to bounce back. The price is approaching support at 6670. There is a possibility of a short-term bounce, but the selling pressure remains strong. The nearest resistance is 6685.

S&P 500 - Options data

Options data indicates a very bullish sentiment with a put/call ratio of 0.00. High call volumes at strikes of $680 and above suggest expectations for a rebound. Open interest at call levels is significantly higher than at put levels, which may support potential increases in the event of positive catalysts. The key max pain level at $680 indicates possible resistance in this area.

S&P 500 - Summary

The current situation on the S&P 500 is bearish, with key support at the level of 6650-6670. A short-term rebound is possible, but resistance at the level of 6800 may limit gains. Options data suggests bullish sentiment, but the dominant selling pressure keeps the market under pressure. Macro events may have a significant impact on the further direction of the market.

Oil - Daily Chart (D1)

Oil - Daily Chart (D1)

Error generating D1 analysis for WTI Crude Oil

Oil - 4H Chart

Oil - 4H Chart

Error generating H4 analysis

Oil - 1H Chart

Oil - 1H Chart

Error generating H1 analysis

Oil - 15-minute chart

Oil - 15-minute chart

Error generating M15 analysis

Oil - Summary

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Euro/Dollar - Daily Chart (D1)

Euro/Dollar - Daily Chart (D1)

On the daily chart of EUR/USD, a clear downward trend is visible, which has been ongoing for several weeks. The price is approaching the support level around 1.1450, which may serve as a key stopping point for the current decline. Oscillators indicate oversold conditions, which may suggest a possibility of a rebound; however, the overall trend remains bearish. In the event of continued declines, the next support is located around 1.1350.

Euro/Dollar - 4H Chart

Euro/Dollar - 4H Chart

On the 4-hour chart, the EUR/USD rate continues to decline and is testing the lower boundaries of the downward channel. The increases encounter resistance around 1.1550. Technical indicators suggest a continuation of selling pressure, indicating the possibility of further declines in the short term. A break of the 1.1450 level may open the way for further decreases.

Euro/Dollar - 1H Chart

Euro/Dollar - 1H Chart

On the hourly horizon, EUR/USD remains in a downtrend with a clear dominance of sellers. Currently, the price is oscillating around 1.1480, and local resistances are at the level of 1.1500. RSI indicators indicate oversold conditions, which may suggest a short-term rebound, but there are no clear signals of a trend reversal.

Euro/Dollar - 15-minute chart

Euro/Dollar - 15-minute chart

On the 15-minute chart, consolidation is visible after previous declines, where the price oscillates around the level of 1.1480. Technical indicators remain neutral, and the lack of clear directional signals suggests the possibility of further consolidation or a short-term rebound.

Euro/Dollar - Options data

The current put/call ratio is 3.88, indicating a dominance of put options and suggesting a bearish sentiment in the market. Key put option levels are $105 and $108, with significant open interest, which may act as support. Max Pain is at $108, suggesting that the price may aim for this level to minimize option losses. Selling pressure dominates, which may affect further declines in EUR/USD.

Euro/Dollar - Summary

The overall sentiment in the EUR/USD market is bearish, as confirmed by the high put/call ratio. Key support levels are at 1.1450, while resistance levels are at 1.1550. Technical indicators suggest the possibility of a short-term rebound, but there are no signals of a trend reversal. It is important to monitor the price reaction at the support level of 1.1450, which may determine the further direction of movement.

Pound/Dollar - Daily Chart (D1)

Pound/Dollar - Daily Chart (D1)

Error generating D1 analysis for GBP/USD

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

Error generating M15 analysis

Pound/Dollar - Summary

Error generating summary

Australian Dollar/Dollar - Daily Chart (D1)

Australian Dollar/Dollar - Daily Chart (D1)

On the daily chart of AUD/USD, we observe a correction after a strong increase, which is currently testing the level of 0.7040. Support is located around 0.7000, while resistance is at 0.7150. The long-term uptrend remains intact, but the current correction may test lower support levels. The bullish options sentiment suggests that investors may expect further increases after the correction ends.

Australian Dollar/Dollar - 4H Chart

Australian Dollar/Dollar - 4H Chart

The 4-hour chart shows that the AUD/USD price is falling, approaching support at 0.7020. A break of this level could open the way for further declines towards 0.7000. Resistance is at 0.7100. Technical indicators show bearish momentum, suggesting that selling pressure may persist in the short term.

Australian Dollar/Dollar - 1H Chart

Australian Dollar/Dollar - 1H Chart

The hourly chart shows a clear downtrend with strong selling pressure. The price is approaching support at 0.7030. A break of this level could lead to further declines, targeting 0.7000. Short-term resistance is visible at 0.7060. Oscillators are in the oversold zone, which may suggest a potential rebound.

Australian Dollar/Dollar - 15min Chart

Australian Dollar/Dollar - 15min Chart

On the 15-minute chart, AUD/USD continues to decline, currently testing the level of 0.7040. There are no clear signals of a trend reversal, and local resistance is at 0.7055. Support at 0.7030 may be tested soon if the selling pressure persists.

Australian Dollar/Dollar - Options Data

FXA options data indicates a very bullish sentiment with a low put/call ratio of 0.21. The highest activity is observed at call levels, particularly at strikes $66 and $70. This suggests bullish expectations in the medium term. The max pain level is $66, which may indicate a potential target level for a correction. Overall, the options data supports a bullish scenario for AUD/USD.

Australian Dollar/Dollar - Summary

AUD/USD is in a downward correction, with key support at 0.7000 and resistance at 0.7150. The short-term downward trend may test lower levels, but options data suggest a bullish sentiment in the medium term. Key levels to watch are 0.7030 as support and 0.7100 as resistance. The bias remains neutral-bullish, with the possibility of a rebound after the correction ends.

Dollar/Yen - Daily Chart (D1)

Dollar/Yen - Daily Chart (D1)

On the daily chart of USD/JPY, we observe a continuation of the upward trend, approaching historical peaks around 160.000. The current level of 159.379 indicates strong upward momentum, supported by higher highs and lows. Key support is located at 156.000, while further resistance is at 160.500. The RSI indicates levels close to overbought, which may suggest a possible correction in the short term.

Dollar/Yen - 4H Chart

Dollar/Yen - 4H Chart

On the 4-hour chart, there is consolidation near the level of 159.500. The price is holding around the upper boundary of the uptrend channel. Support is at the level of 158.000, and resistance is at 160.000. We are observing increasing volume, which may suggest further upward movements, however, a potential correction cannot be ruled out.

Dollar/Yen - 1H Chart

Dollar/Yen - 1H Chart

The hourly chart shows a slight correction after reaching a local peak at 159.500. The price oscillates in a narrow range between 159.000 and 159.500. The MACD indicates the possibility of further consolidation, and a break below 159.000 could lead to a test of the 158.500 level.

Dollar/Yen - 15min Chart

Dollar/Yen - 15min Chart

On the 15-minute chart, the price is in a consolidation phase between 159.300 and 159.500. Decreasing volume may suggest a lack of market conviction, which could lead to a sudden change in direction. Key support is at the level of 159.200.

Dollar/Yen - Options data

Options data for FXY indicates a very bullish sentiment with a low put/call ratio of 0.39. Significant open interest at call levels suggests bullish expectations, particularly for the strike at $60 (+5.3% from ATM). Max pain at $60 may indicate potential price attraction for USD/JPY in an upward direction, which is supported by large open interest in calls. High call volume may suggest further increases in USD/JPY.

Dollar/Yen - Summary

USD/JPY is in a strong uptrend with potential resistance at 160.000. The sentiment is bullish, supported by options and technical data. Key support is at 158.000. High call volume and max pain at $60 FXY may suggest further increases, but the RSI on D1 indicates a possibility of correction. The bias is bullish, with attention to potential corrections.

Dollar/Franc - Daily Chart (D1)

Dollar/Franc - Daily Chart (D1)

On the daily chart of USD/CHF, a clear upward trend is visible, approaching the resistance level around 0.7900. Currently, the price oscillates around 0.7876, indicating a continuation of the upward movement after breaking previous resistances. The RSI remains in the neutral zone, suggesting the possibility of further upward movements, but with potential correction risk if overbought levels are reached.

Dollar/Franc - 4H Chart

Dollar/Franc - 4H Chart

On the 4-hour chart, the price of USD/CHF shows strong upward momentum, with a sequence of higher lows and highs. Currently, the price is testing the level of 0.7880, which may act as short-term resistance. Trading volume remains moderate, which may suggest further strengthening of the trend, especially if the price breaks through the current resistance levels.

Dollar/Franc - 1H Chart

Dollar/Franc - 1H Chart

On the hourly chart, USD/CHF is maintaining a strong upward trend, with clear support around 0.7850. The current level of 0.7876 indicates the possibility of further increases, however, the proximity of resistance at 0.7880 may slow this movement. MACD is in the positive zone, confirming the bullish sentiment on this time frame.

Dollar/Franc - 15min Chart

Dollar/Franc - 15min Chart

On the 15-minute chart, USD/CHF is consolidating near 0.7876, with clear support around 0.7860. The current volume suggests a possible attempt to break above 0.7880. Short-term technical indicators indicate potential further increases, but taking into account short-term corrections and volatility.

Dollar/Franc - Options data

Options data indicates a very bullish sentiment with a put/call ratio of 0.26. The highest interest in calls is at the strike of $113 (+1.8% from ATM), which suggests expectations for further increases in USD/CHF. The strongest support for puts is at the level of $108 (-2.7% from ATM), which may act as a key defense level. Max Pain at the level of $108 indicates potential support in the event of a correction.

Dollar/Franc - Summary

USD/CHF indicates a bullish sentiment, with key resistance at 0.7900. Support is located around 0.7850. Options data confirms the bullish expectations, with significant resistance at the strike level of $113 for the ETF FXF. Key macroeconomic events may influence volatility, but the current trend remains upward, with possible corrections at key resistance levels.

Dollar/Canadian Dollar - Daily Chart (D1)

Dollar/Canadian Dollar - Daily Chart (D1)

On the daily chart of USD/CAD, a rebound is visible after a previous decline. Currently, the price is around 1.3650, suggesting a possible consolidation. Support is around 1.3500, and resistance is at 1.3750. The bullish candle suggests a possible further move upward, but there is a lack of confirmation in the form of higher volume. It will be important to observe the reaction at the level of 1.3700, which may determine the further direction of the market.

Dollar/Canadian Dollar - 4H Chart

Dollar/Canadian Dollar - 4H Chart

On the 4-hour chart, a clear rebound from the level of 1.3550 can be seen, indicating increasing buying pressure. The price is currently testing the level of 1.3650, and the nearest resistance is at 1.3700. Support is visible at 1.3600. With further volume increase, a continuation of the upward movement is possible, although the RSI is starting to enter the overbought area.

Dollar/Canadian Dollar - 1H Chart

Dollar/Canadian Dollar - 1H Chart

The hourly chart shows a dynamic increase, with local support at 1.3620. The price is breaking through successive resistances, which may suggest that the bulls are taking control. The key resistance is at 1.3680, and a potential breakout will open the way to higher levels. Current conditions favor short-term increases.

Dollar/Canadian Dollar - 15-minute chart

Dollar/Canadian Dollar - 15-minute chart

On the 15-minute chart, a short consolidation around the level of 1.3650 is visible. Support is at 1.3630, and resistance is at 1.3665. The movements are quite dynamic, which may suggest the possibility of a sudden breakout in one of the directions. It is worth monitoring the volume at key levels.

Dollar/Canadian Dollar - Options Data

Options data for FXC indicates a strong bearish sentiment with a high put/call ratio of 2.77. Key support levels for put options are $72 and $70, which would correspond to changes of 1.4% and -1.4% from ATM, respectively. The max pain level at $72 suggests possible consolidation around this level. Volume and open interest are significantly higher for put options, confirming selling pressure.

Dollar/Canadian Dollar - Summary

Current analysis indicates a possible bullish move for USD/CAD, but with significant resistance at 1.3700. Market sentiment and options data are bearish, which may limit the upside potential. Key levels are support at 1.3600 and resistance at 1.3700. Macroeconomic events may introduce additional volatility, especially data from Canada and the USA.

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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