The price of WTI Crude Oil has overcome the resistance level of 83.33 and is approaching 85.09.

During the Asian session, prices for WTI Crude Oil remained close to 83.30.

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 first wave of the lower level i of C has formed, a local correction is ending as the second wave ii of C, and the third wave iii of C has started. If the assumption is correct, the price of the asset will fall to the area of 67.60–60.00. In this scenario, critical stop loss level is 87.70.