In the big picture for Brent we all know it is in a downtrend but where might that end?
Below we can see all the ML's and currently the high was made one the d-3-4-5ML where prices again reached this week.
A breakthrough will mean prices move to the next ML, the orange Q, however that will only be a temporary pause around $50, before moving to the W-1-2-3ML to give a high no later that August around $60 before moving onto new lows.
Looking at the detailed wave structure of the current uptrend it is highly probable the high is in place. However prices have not confirmed by breaking the lower channel on the deci fractal. Below you can see the count and you can see prices are pressing the D channel MLU (purple dashed), as well as the D-1-2-3ML. Prices are highly likely to turn here.