Growth is possible.

On the weekly chart, a downward correctional second wave of the highest level (2) and the wave C of (2) ended. On the daily chart, the third wave (3) and the first entry wave of the lowest level i of 1 of (3) have started. If the assumption is correct, the asset will grow to the area of 76.10–82.50. In this scenario, the critical stop loss level is 62.55.

Prices for the benchmark Brent Crude Oil grade are correcting in an upward trend just above the 66.00 mark.

Brent Crude Oil the quotes entered a sideways range of 65.62–62.50 (Murrey level [5/8]-[4/8]) and have been trading in it for the fourth week, holding at the upper limit of the range, supported by Bollinger bands line, breaking which will allow the price to grow to the area of ​​68.75 (Murrey level [6/8]) and 71.88 (Murrey level [7/8]).