The price is still respecting the demand zone between 370 and 385, which is the area from which the previous correction started, so the nearest support point to monitor for any new rebound remains.
If the price manages to hold above 390 and returns to test 415, we may witness an attempt to rise towards 435 – 450 again, which is the most important resistance area in the current movement.
As for breaking the demand zone 370 – 385 with a clear close, it will revert the downward trend and open the way towards 340 – 330 as the next target.
The short-term trend is still weak, and the upcoming price movement will be determined based on the strength of the rebound from the demand area or its break.
