WTI continues to rise inside the sharp minor impulse wave (iii) – which previously broke the pivotal resistance level 53.60 (which is the upper boundary of the narrow sideways price range inside which the price has been trading from the start of January). The breakout of the resistance level 53.60 should accelerate the active impulse wave (iii). Given the clear daily uptrend and the improvement in risk sentiment on the expectations the vaccination programs are affecting infection rates across Europe and USA – WTI can be expected to rise further toward the next round resistance level 56.00.