$SANTOS - right now the situation on the chart is such that there's nothing to talk about. Maybe it's for the best, I really don't know.

From the basic benchmarks:

- There is no break in the upper structure

- By default, the price should be perceived as one that will continue its downward movement within the descending channel

- At the same time, the price is in an area of interest from which there have been three significant upward movements

- There is a probability that from this area of interest there will be another impulse or a smooth change in the local trend.

Also, it should be considered that there is a high probability that the impulse will go down, not up. That's how it goes sometimes! The area of interest is often broken by a large and powerful candle.

My personal expectation is a sideways movement within the current price range with volatility of 5-6%.