The crude oil market has been a proxy for the current geopolitical tension between Russia/Ukraine. As if we look at the crude oil chart, we can see that market participants where on edge as to the possibility of a breakout in war, keep oil prices at the $90 mark, before breaking higher in yesterdays trading. However, as the price begins to pull back, we can begin to speculate that the chances of an outright war seems less likely for now as the price pulls back below $90. We anticipate oil to be highly volatile this week and can move quite a bit on a headline. For levels to the downside, watch out for the POC value area at approx. 87.50, 86.20 and 85. For upside levels, watch for the recent highs at 93 and 95.50.