WTI oil recently broke above the key resistance level 63.60 (top of the previous minor impulse wave (i), which was set as the likely upward target in our previous forecast for this instrument). The breakout of the resistance level 63.60 is likely to further accelerate the active impulse wave (iii)  which belongs to the higher level impulse waves 3 and (C). Given the prevailing uptrend and the latest decision of OPEC+ to keep the production cuts – WTI oil can be expected to rise further toward the next resistance level 67.00 (intersecting with the resistance trendline of the daily up channel from last October).