WTI continues to rise strongly after breaking the upper resistance trendline of the narrow daily up channel from the end of May (which has enclosed the most of the active minor impulse sequence (iii). The active impulse sequence (iii) belongs to the sharp upward impulse wave C from the end of March. Given the prevailing uptrend and the improved sentiment on the commodities markets today WTI can be expected to rise further toward the next resistance level 72.00 – followed by the resistance level 74.00 (target price for the completion of the active impulse wave C).