US crude oil is either adjusted back to $70.34;
1)US crude oil is hovering around the previous day's closing price of $72.27, while the upside three-wave 61.8% target rising from $67.94 happens to be at the nearby $72.25. The previous adjustment ((2)) wave was constructed with (A) (B) (C) convergence;
2)observed on the hourly chart
- Wave (1) Zilang oscillated upwards with 5 second-level waves The situation is unfolding, and the current operation is nearing the end, and the upcoming (2) sub-wave callback;
lower target is respectively seen at 70.91 USD and 70.34 USD, which are respectively 38.2% and 50% Fibonacci in the 67.94-72.74 USD upside. Return position.
