{"id":134482,"title":"Traders Cafe with Zak Mir: Easter Chart Rundown, Monday 6th April 2026","publisher":"Share Talk","author":"sharetalk","published":"2026-04-06T10:54:27+00:00","modified":"2026-04-06T10:54:27+00:00","canonical_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-easter-chart-rundown-monday-6th-april-2026/","markdown_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-easter-chart-rundown-monday-6th-april-2026.md","json_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-easter-chart-rundown-monday-6th-april-2026.json","category":"Bulletin Board Heroes","categories":["Bulletin Board Heroes"],"tags":["Aoti","Ascent","Bitcoin","Catenai","crude","DAX","Delta Gold","Dow","Ethereum","FTSE 100","Gold","Powerhouse","Silver Bullet","Synergia","Victoria","Xtract"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/04/LONDON-20-MARCH-26-scaled.webp?fit=1920%2C889&quality=80&ssl=1","format":"news","language":"en-GB","content":"Zak Mir takes a charting look at some of the most closely followed small caps on the London Stock Exchange. Today’s charts are FTSE 100, DAX, Dow, Bitcoin, Ethereum, Gold, Crude, Ascent, Aoti, Catenai, Delta Gold, Powerhouse, Silver Bullet, Synergia, Victoria, Xtract.\n\nHere’s an Easter charting rundown built around the levels, setups and “what would change the story?” points that matter most right now.\n\n###### As always, do your own research and treat these as chart-based observations rather than hard recommendations.\n\n#### FTSE 100: Bullish bias as long as price holds the channel floor\n\nThe FTSE 100 ended the shortened holiday week with strength, pushing up into a familiar resistance area around **10,450**. The immediate question is whether that level can be broken.\n\n**If 10,450 breaks**, the next downside destination (based on the levels being referenced) is around **6.50** on the charting framework mentioned, which would be “very nice”. Obviously, the wording here mixes decimals and formatting, but the idea is clear: a break higher from resistance sets up the next measured move.\n\n**But**, geopolitical headlines and a deadline approaching for Monday can easily inject volatility and invalidate clean technical patterns. So the more reliable “line in the sand” is the ability to stay above the floor of the channel around **10,260** (as stated).\n\n- **Above channel floor (10,260)**: chance of a move up towards about **10,650**.\n\n- **Below 10,260**: prior broken resistance around **10,120** becomes the “favourite destination”.\n\nFrom a wider charting perspective, the setup is described as **very bullish**. RSI sits in the **upper 50s**, which is framed as a good zone for further gains, and the daily chart recently shows **strong candles**. That combination often matters more than noise around single sessions.\n\n#### DAX: Mixed, with a looming decision around the 50-day and 200-day lines\n\nThe DAX is presented as a mixed bag. The bigger picture is still within a **falling trend channel** since early in the year. Even so, there has been meaningful progress: a rally filled a gap, and price then rebounded from the **gap floor around 22,800**.\n\nWhere things get tricky is that the market has reached upper boundaries of the current range. The discussion points to the top area of the channel around **23,800**, potentially up towards the **50-day and 200-day moving averages around 24,000** as a best-case target for the next week or two.\n\nThat’s where the “bulls vs bears” battle comes in. There’s also a specific risk: whether the 50 and 200 day lines cross in a way that produces a **dead cross**, which would be a negative signal.\n\n- It previously failed near the **23,400** gap area.\n\n- RSI has been unable to hold above **50**, which keeps the tone cautious.\n\nPractically, the takeaway for the DAX is:\n\n- **Below 23,400**: expect a drift lower and the possibility of a test of **21,000** and **22,100** (recent support), even if the market then tries to bounce again.\n\n#### Dow : Bull trap risk until the 200-day line is reclaimed properly\n\nThe Dow is described with one crucial condition. It turned and closed the week near the **200-day line**, but that was framed as a proviso for bullishness: if it cannot break and hold above the 200-day, the market is vulnerable to “a new leg down”.\n\nKey levels provided:\n\n- **Bearish trigger zone**: around **46,700** (200-day line mentioned).\n\n- **Next upside resistance**: **47,400**.\n\n- **Potential downside**: if early and end-of-day action ends back below **46,000**, the lows around **45,000** come back into play.\n\nRSI is still **below neutral 50**, which is why the rally is characterised as a **bear market rally** or **bear trap rally**. The Dow is therefore being treated as “not yet convinced” until that 200-day area is clearly taken out.\n\n#### Bitcoin: Sideways risk, RSI failures, and the 65,000 line in focus\n\nBitcoin has been sidelined, but it is attempting to improve. The chart discussion highlights a **weak uptrend line** around **65,000**.\n\nThe upside path requires breaking into the next resistance zone: the top of the channel at the **50-day line** around **69,000**.\n\nHowever, the caution is firm. The market could simply be stuck in **sideways movement** and then roll over for a fresh leg down inside a broader falling trend channel.\n\nA bearish guide provided is that the top floor of that channel is currently heading towards about **40,000**, which would be “not great”.\n\nWhat would confirm strength?\n\n- **End-of-day close below 65,000**: not what bulls want.\n\n- **Holding 65,000**: keeps the chance of a move up towards **75,000** as the best case.\n\nFinally, there’s a technical “pattern driver” in the way RSI has behaved: the comments mention **two RSI failures below neutral 50** in late January, and the implication is that this has still tilted conditions lower.\n\n#### Ethereum: Converging triangle, 2,275 as upside reference, and 1,900 as the downside test\n\nEthereum is framed as a **weak sideways move** with a **converging triangle** structure.\n\n- **Upside reference**: **2,275** (top of the triangle).\n\n- **Downside support**: around **1,900** (post-February support).\n\nSo the “setup” is essentially a tug-of-war: if price can resolve upward from the triangle, 2,275 becomes the bull target. If not, the market tests the deeper support zone around 1,900.\n\n#### Gold: Stocks catching a bid, but RSI hints a dip may still come\n\nGold itself is described as less “juicy” than the gold stocks, though the tape has been supportive across the complex. Gold stocks have rallied on the basis that the market may have seen “the worst” already.\n\nKey levels for the gold chart are:\n\n- **Upside**: the top of the channel around **5,000**.\n\n- **Downside**: recent support around **4,400**.\n\nRSI is also flagged with an **RSI 50 failure**. That typically implies a dip is possible before any sustained push higher. Even so, the optimistic view is that price could still recover and potentially be around **5,000** by the end of next month, if the support test holds.\n\n#### Crude oil: Pushing the channel top\n\nCrude oil is called “the market of the moment”, and the technical narrative is very clear: price has hit the top of a rising channel and is testing a breakout-style zone.\n\nUp near **112 to 113**, the next reference is a retest of previous peaks around **100** and **150**, potentially “well before the end of this month”.\n\nSupport levels are:\n\n- **106** (recent support)\n\n- **90s** (floor of the channel) as a deeper downside scenario\n\nImportantly, the latest candle is described as **not weak**. In channel trading, strong rejection or strong continuation candles near resistance can be the difference between “another stall” and “a real push through”.\n\n### Small – Caps\n\nFrom here, the rundown moves into a list of London Stock Exchange small caps, with multiple charts sharing a common character: rebounds that trap earlier sellers, RSI divergences, and breakouts from falling wedges or flags.\n\n**Ascent Resources: **Ascent is described as having a **rising trend channel**, with the top of that channel around **0.60 **(again, formatting is unclear in the transcript), and a key condition: being **above the 200-day line** around **0.41**. There is also “sideways vertical” behaviour, which is treated as potentially constructive. The comments also suggest that **both the 50 and 200 day lines may be rising** and heading towards a **golden cross**, which would be supportive.\n\n**Aoti Inc: A** **bear trap gap reversal**, described as a **two-day reversal** while price is near **33 pence**.The upside target mentioned is the top of the channel, with a high around **48 pence** by the end of the month. The “bear trap but wrong-footed” framing implies momentum shifted quickly enough to punish bearish expectations.\n\n**Cora Gold:** Some help from the **gold prices**, which were rising during the week. Here we have a bear trap rebound below the February support at **7.30 pence,** above that we are looking for at least **10 pence**, best case scenario in the next week or so.\n\n**Catenai:** Is receiving support from gold strength. The pattern described is a **bear trap rebound below February support** around** 0.30 pence**. A target zone is suggested around **0.45 pence** and the possibility of reaching it by the end of the month.\n\n**Delta Gold:** is hoped to resume its rebound after a pullback early last month from close to **70 pence**. Key technical landmarks: Broken neckline resistance around **46 pence. **Potential retest of last month’s best levels around **69.5 pence. **Top-of-channel target towards **80 pence** by the end of next month. RSI has rebounded above **neutral 50. **Price is rebounding above the rising **50-day moving average around 41 pence**, while remaining above **46 pence**\n\n**Powerhouse Energy: **Had a rally after an interview earlier in the month, but then slipped to new lows. Still, the structure described is a **falling wedge rebound situation**. RSI shows an uptrend line in the RSI window Targets: At least** 0.40 pence** (top of the wedge) **Best case**: top of the triangle up to the **50-day and 200-day moving averages** around **0.5 pence** by the end of next month. Condition: ideally remain above the first March low around **0.33 pence** (as stated)\n\n**Silver Bullet:** Has a “silver bullet” chart moment: a small **bull flag breakout** just above the **50-day moving average around 19 pence**. Targets: **23 pence. **Next bigger reference: top of the falling trend channel from last year around **31 pence**, ideally by the end of next month\n\n**Synergia Energy: H**as been a car-crash type of chart in the recent past, but it has started to show signs of stabilisation. An **unfold gap to the upside** from the March low. RSI remaining above **50**, and the share price holding above the 50-day moving average around **0.009 pence, **with a target of **0.023** **pence **by the end of next month (described as a punchy call)\n\n**Victoria: **Shows a cleaner breakout: it has broken out of a **falling wedge** that has been in place for much of the last year. Key steps noted: Wedge line broken around **23 pence, **quickly broke the **50-day line**, which is now rising, broken resistance around **31 pence. **Targets: Top of a broadening triangle up to **55 pence** by the end of the month. Support condition: ideally stay above resistance on the way down around **36 pence**.\n\n**Xtract: F**inishes the small-cap list with strength despite “no news” at the end of the week. That kind of tape is often treated as a sign of underlying demand rather than short-term headline chasing. **Bear trap rebound** from below the **200-day line** around **0.8 pence. **End-of-day close through the **50-day line** just above the current level. RSI has pushed above **neutral 50. **Targets: **1.3 pence**, potentially by the end of next month or even sooner. Plenty of time is mentioned to reach it by the end of the month\n\n#### How to think about these setups: what to watch next\n\nAcross indexes, crypto, commodities, and LSE small caps, the shared logic is consistent: markets are being judged by whether they can hold key levels and reclaim or reject key moving averages.\n\nIf you want a simple decision framework based on the way these charts are being read, look for:\n\n- **Break and hold**: is price closing above resistance or the 50-day and 200-day areas?\n\n- **RSI regime**: is RSI sustaining above **50** or failing below it?\n\n- **Channel behaviour**: are moves respecting the channel floor, or breaking down through it?\n\n- **“Bear trap” signals**: do early breakdown attempts get bought quickly enough to force a reversal?\n\nThat is the whole game in this Easter charting rundown: not just where targets are, but which conditions would confirm or invalidate the bullish thesis.\n\n**Disclaimer & Declaration of Interest:**\n\nThe information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion."}