WTI crude oil continues to rise strongly today after the price broke the major long-term resistance level 76.00 (previous multi-month high from July – which also stopped the previous short-term impulse wave (i)). The breakout of the resistance level 76.00 accelerated the active short-term impulse waves (iii) and 3. Given the predominant uptrend that can be seen on the daily and the weekly WTI crude oil charts – the price can be expected to rise further toward the next round resistance level 80.00 (target price for the completion of the active impulse wave (iii)).