The big question is whether or not the new day will see a resumption of this push to resistance at $120 or whether we are due a retest of support.
To try and get to this question let's home in to the 1h chart for a closer look...
Here we can see that while price continues to 'channel' up, momentum is starting to dwindle and as I post we are right back at rising support.
Based on what we see here 3 possible scenarios present:
1. Rising channel support holds, initiating a fresh wave of buying.
2. Channel support gives and we re-test horizontal support at $104-106 - which holds, initiating a fresh wave of buying.
3. First rising then horizontal support give on an accelerating wave of selling. In this case expect to see $95 again in fairly short order.
With these 3 scenarios in mind, unless you need to get into the market immediately, it might be worth sitting on your hands - or placing speculative limit orders at $104 - or even $95.