WTI recently broke through the resistance area located between the key resistance level 64.30 (former top of the impulse wave 1 from April) and the resistance level 65.30 (which stopped the previous minor impulse wave (i) at the end of April). The breakout of these resistance levels accelerated the active impulse waves (iii) 3 and (3) – from the end of March. Given the expectations for demand growth due to the easing of travel restrictions – WTI can be expected to rise further toward the next resistance level 68.00 (which stopped the previous sharp impulse wave (1) at the start of March).