#Oil holds 90 handle, next target depends on Russia/Ukraine #oot

After blasting through the $90 and setting at 94.70 on news that a potential invasion is likely to happen this week, crude oil has pulled back slightly. It is extremely important to monitor the price of crude oil during these times as this will be one of the proxy asset that will be most affected if escalation or de-escalation takes place between Russia and Ukraine. As of now, it seems as though tension is falling slightly, however, that can change very quickly. We need to keep an eye on downside levels at 91.67, 90.90, 90 and 88.85 to the downside. While levels to the upside will be at 94.70, 100 and 106.