Oil surpassed $120 now the road to $150

Oil gapped over the weekend hitting a 2008 high of $125 oil price. It made a mini double bottom and pulled back before continuing. I see it going to $130-$132 are before going to a bull back

More supply fears are coming in. There are talks of import bans being put on Russia. Russia is a very big importer for many countries including the u.s. supply fears and fears of not a so big rate hike coming is also weighing. The federal reserve is saying a 25 point rate hike will come but that will put inflation on the back hand