Movistar Yamaha's Valentino Rossi is feeling upbeat over his prospects ahead of this weekend's third round of the MotoGP World Championship in Argentina.

The 36-year-old holds a slender one-point advantage over Ducati's Andrea Dovizioso at the top of the standings and is five points clear of Repsol Honda's Marc Marquez in third place after a strong start to the 2015 season.

Rossi followed up his victory in the Qatar night race with a podium at the Circuit of the Americas in Austin and the nine-time world champion will be aiming for another rostrum challenge at the Termas de Rio Hondo circuit, where he finished fourth in the inaugural race in 2014.

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"I'm happy to go to Argentina because I like the track. We hope that there will be a better condition of the tarmac compared to last year, because the track and the layout are good," Rossi said.

"It's also not a bad circuit for our YZR-M1, but first we take a few days of rest and then we'll try to be focused and prepared for the race."

Rossi has revealed that he hopes to continue racing at the top level in MotoGP beyond his current contract with Yamaha, which expires at the end of the 2016 season, saying he hopes it 'won't be my last'.