WTI crude oil continues to rise strongly after the price broke through the combined resistance area lying at the intersection of the round resistance level 70.00 and the 50% Fibonacci correction of the previous shaper downward impulse from the end of November. The breakout of this resistance area accelerated the active intermediate impulse wave (3) – which started earlier form the major support 62.00. Given the improved risk sentiment globally, WTI crude oil can be expected to rise further toward the resistance area (low of the previous short-term impulse wave (iii) from last month).