Crude oil is the proxy asset for war - #oott

Crude oil market is oscillating between to key pump and down levels that were primarily driven by news of potential war. As of now, the market is more concern with geopolitical tension rather that supply/demand from the global economy. With that being said, any headline news can send oil prices moving 2-3 standard deviations away from your average daily range, so keep that in mind oil traders. As for intraday levels to watch out for, on the upside we have 94.70, 95 handle and 95.83. While support can be found at 91.67, 90.89 or 90 handle.