MARKET ANALYSIS APRIL 07: OIL SURGES STRONGLY - VN-INDEX AND BITCOIN FACE CORRECTION PRESSURE

MARKET OVERVIEW Release time: 10:00 AM, April 07, 2026 Publisher: Mr. Leon

1. Stock Market: Vietnam Market: The recovery rhythm of the VN-Index has failed as it could not overcome the dynamic resistance zone of the EMA system. After the previous V-shaped bounce, the index advanced to retest the moving average cluster but was immediately sold back down, creating a Lower High structure. Currently, the price has pierced through and closed below all EMAs, while these lines have started to curve downward. The oscillator is also diving straight from the overbought zone to the oversold zone. This price action confirms that the Sellers have regained control and the risk of a deeper correction is present. Risk management and portfolio downsizing should be your top priorities right now. US Market: Price structure: US100 is presenting a decisive picture of a downtrend. The price is plummeting sharply, continuously creating lower highs/lows and trading around the $23,109 mark. The distance between the price and the MA cluster (red ribbon) is widening, and the MA expands its downward cutting angle. Momentum: Stochastic dives straight into the deep oversold mark (below 20). However, the downward momentum is currently very large.

2. Foreign Exchange: The Downtrend structure of GBP/USD is being maintained very well according to the Break and Retest scenario. After breaking the upward-sloping blue support Trendline in the previous rhythm, the price had recovery sessions to the confluence zone between the old Trendline (now acting as resistance) and the EMA band cluster. The selling force here is extremely strong, continuously creating upper shadows pushing down, suppressing the price to continue sticking to the EMA band and gradually sliding lower. Momentum is also expanding its cutting angle straight down to the oversold zone. Logically, the Sellers are completely dominating the game, and the most reasonable strategy for GU is to Sell on Rallies in alignment with the trend during recovery rhythms, without trying to catch the bottom in any form.

3. Gold: The Gold chart is showing a Sideway accumulation state after a strong volatility rhythm. The current price is struggling and tightly twisted into the EMA cluster (17, 34, 67). These moving averages also tend to move sideways without expanding, indicating a temporary balance between the Buyers and the Sellers. The oscillator below also fluctuates continuously in the neutral zone, confirming a clear lack of momentum. With this compression structure, you should stand aside and observe, waiting for a decisive Breakout with high volume out of the EMA cluster to determine the next trend instead of trading in a narrow range where it is very easy to hit Stoploss.

4. Oil: In contrast to Gold's struggle, Oil is demonstrating an extremely strong and standard Bullish structure. The structure of higher highs and higher lows is maintained very well. The EMAs are flaring widely and sloping straight up, acting as a perfect launchpad for price action. Every Pullback touching the EMA 17 or 34 band immediately encounters bottom-catching demand that pushes the price up to establish a new high. The momentum indicator continues to fluctuate positively in the upper half. The safest and most optimal trading logic right now is to Buy on dips at dynamic support confluence zones, absolutely not attempting to counter-trend short sell when the Buyers' momentum is so overwhelming.

5. Bitcoin: Bitcoin is in a Relief Rally after the previous sharp drop, but the overall structure still harbors many risks. The price has attempted to break out above the short-term EMAs (17 and 34) but is currently facing very stiff dynamic resistance from the EMA 67 (yellow line). Price Rejection at this resistance zone is starting to appear, in phase with the momentum indicator hitting the overbought threshold and starting to cross downward. If BTC cannot close decisively above the EMA 67, there is a very high probability that this is just a Bull trap for the Sellers to continue discharging goods in alignment with the dominant downtrend.

RECOMMENDATION:

  1. GBP/USD: Sell: 1.32225. Stop loss: 1.32706. Take profit: 1.31251.

NOTABLE EVENTS TODAY: No major events.

DISCLAIMER: The above analysis solely represents the personal views of Lotus analyst Leon and does not constitute a basis for actual market participation. Lotus only provides technical trading analysis and trading knowledge training for students. Lotus does not represent any securities company or asset management firm. Lotus does not manage funds on behalf of students.