During the Asian session, Brent Crude Oil quotes are trading around 68.10. Investors are preparing for the OPEC+ meeting scheduled for July 6, where participating countries will discuss increasing production volumes of "black gold", which is actively advocated by the cartel’s key member, Saudi Arabia. 

During the morning session, prices for Brent Crude Oil are developing a “bullish” trend and are testing the level of 67.00 for a breakout, while traders are expecting new drivers for movement to emerge.

The price nay grow.

On the weekly chart, a downward correctional second wave of the higher level (2) and the wave C of (2) ended, and the third wave (3) started. On the daily chart, the first entry wave of the lower level i of 1 of (3) is forming, within which the correctional wave (iv) of i has ended. If the assumption is correct, the price will grow to the area of 82.50–92.30. In this scenario, critical stop loss level is 62.55.