USOIL - Is Price Finally Hitting A Ceiling?

HI Traders. Oil has been progressively moving up since the "Negative" historical event on April 2020 (Covid-19 crisis).

As Oil is pumping near the all-time-high, observing from the way its slowly grinding upwards, i believe we could potentially see some short-term exhaustions in the market.

As rice is constantly surfing above the 18ema & 50ema on the daily chart, we'll have to see a break underneath to confirm the reversal scenario.

120 will be the specific level that i'm looking at.


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