More exactly:

But as for me, in thy lovingkindness do I trust. Cp. Psalms 5:7.

My heart shall rejoice … I will sing Better: let my heart rejoice … let me sing. Faith has triumphed. He can look forward with confidence. But humility transforms his resolution to give thanks into a prayer.

Because he hath dealt bountifully with me He looks back from the stand-point of deliverance granted. P.B. V. follows the LXX in adding from Psalms 7:17, Yea, I will praise the Name of the Lord most Highest.

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