WTI oil has been rising after the earlier breakout of the pivotal resistance level 43.75 (former monthly high from the end of August – which stopped the previous medium-term impulse wave (1) in the same month). The breakout of the resistance level 43.75 accelerated the active impulse weaves 3 and (3). Given the clear daily uptrend and the rising risk-on sentiment seen across the global commodity markets today – WTI is likely to rise further toward the next resistance level 48.50 (former monthly high form March) – followed by the round resistance level 50.00.