WTI continues to rise inside the short-term impulse wave (iii) – which previously broke above the key round resistance level 60.00 (which stopped the earlier impulse wave (i) at the start of December). The breakout of the
resistance level 60,00 accelerated the active impulse waves (iii) and 3.
The aforementioned price level 60.00 is currently acting as strong support level – helping strengthen the bullish pressure on WTI. WTI is likely to continue to rise toward the next resistance level 62.00 (target for the
completion of the active impulse wave (iii)).