Brent crude prices are pulling back in a downward trend around 65.47.

The price is in a correction and a fall is possible.

On the daily chart, the correctional second wave of the highest level (2) and the wave C of (2) ended, and the third wave (3) started. On the 4-hour chart, the first entry wave of the lowest level i of 1 of (3) have formed, and the downward correctional second wave ii of 1 of (3) and the wave (c) of ii are developing. If the assumption is correct, the price of the asset will fall to the area of 62.15–59.00. In this scenario, the critical stop loss level is 72.70.