The probability of growth remains.

On the daily chart, an upward third wave of the higher degree (3) is forming, within which the first wave of the lower level 1 of (3) and the correction as the second wave 2 of (3) have completed, and the third wave 3 of (3) has begun. Currently, the first wave i of 3 and the third wave (iii) of i are developing. If the assumption is correct, the price of Brent Crude Oil could rise towards the 114.65–120.35 area. The critical stop loss level for this scenario is 94.20.

The price of the benchmark Brent Crude Oil is correcting downwards for the third week against the medium-term upward trend, remaining within the ascending channel.