- WTI broke resistance area
- Further gains are likely
WTI continues to rise after the earlier breakout of the resistance area lying between the round resistance level 60.00 and the 50% Fibonacci correction of the previous sharp weekly downward impulse wave from last September.
The breakout of this resistance area should accelerate the active medium-term ABC correction ② from December.
WTI is expected to rise further and re-test the next resistance level 64.00 (target price for the completion of the active ABC correction ②).