WTIUSD continues to rise after the price broke above the round resistance level 50.00 (which was set as the likely upward target in our earlier forecast for this instrument). The breakout of the resistance level 50.00 accelerated the active impulse wave (iii) and 3 – which being to the long-term upward impulse wave (3) from October. Given the predominant uptrend on the expected increase in demand for oil on mass vaccination programmes being carried out across the globe – WTIUSD is expected to rise further toward the next resistance level 55.00 (target price for the completion of the active impulse wave 3).