WTI recently broke through the resistance area lying between the key resistance level 32.15 (top of the previous wave 4 from April) and the 61.8% Fibonacci correction of the previous downward impulse from the start of March. The breakout of this resistance area accelerated the C-wave of the active ABC correction (4) from April. Given the strength of the active impulse wave C – WTI is expected to extend the gains toward the next resistance level 36.35 (top of wave (iv) from March) – the breakout of which will lead to further gains toward 40.00 (likely price for the completion of the active wave (4)).