A fall is possible.

On the daily chart, a downward correction develops as the second wave of the higher level (2), within which the wave C of (2) forms. Now, the third wave of the lower level iii of C is developing, within which, a local correction has ended as the wave (ii) of iii. If the assumption is correct, the price of the asset will fall to the area of 67.00–60.00. In this scenario, critical stop loss level is 87.75.

Quotes of WTI Crude Oil have been actively rising since the beginning of the month, but this week they have stabilized at the level of 81.25 (Murrey level [4/8]) and so far cannot break significantly above it.

Prices for WTI Crude Oil show mixed dynamics, remaining close to 81.40 and local highs from April 30. The day before, the instrument showed quite active growth, although the US currency still receives support from strong macroeconomic statistics on business activity, published at the end of last week. 

The price of WTI Crude Oil is adjusted in a sideways trend at 81.09.