The market tested out the strong support zone of $380-400 some days ago and boy what an impressive price action there! We saw three nice green daily candles since then which last happened at the start of the year. If bulls are serious about this trend change the price gains need to continue. Otherwise the market can follow a well-known slow downward choppy action as if nothing happened.
Anyway, I think the market is closer to a major breakout and the bottom might have been set in.
Buy: 516 Stop-loss: 480 Take Profit: 536; 566; 600
Sell: 485 SL: 516 TP: 475; 440