WTI recently reversed up sharply from the key support level 63.60 (former powerful resistance from the end of February, which stopped the previous sharp upward impulse wave (iii) with the daily Evening Star). The support area near the support level support level 63.60 was strengthened by the intersecting 50% Fibonacci correction level of the previous sharp upward impulse form last month. Given the predominant uptrend that can be seen on the daily WTI charts – WTI can be expected to rise further toward the next resistance level 67.10 (which stopped the previous sharp upward impulse wave 5 at the start of March).