Heading towards 70
The correction seems complex and an impulsive wave has yet to come.
Brent most probably is moving in an ending diagonal heading back to double top at $63 to complete the fourth wave then it will be heading down to make a double bottom around $45
Taking off retracement tool :)
If it drops again below 52, then wave will most probably be over and a new wave is in progress initially targeting $38.
A bounce back is on the way targeting around 56.70 .
Elliott wave trial to find out where Brent is heading to.
Brent oil has retraced from its bottom at 67.5 to 73 in a clear 5 waves. Now it seems is in a flat correction. Once completed it will be heading towards 77.5 either as wave 3 or wave C.