I recently posted that oil has topped. Over the month of February it has been doing just that. Despite the spike to $100 on WTIC last week when fighting errupted, it quickly fell back to the low to mid nineties. One of two things can happen from here. A settlement is reached to halt the fighting or the war continues for days or weeks. If the talks break down there probably would be one final spike to or near $100. If an agreement is reached the selloff starts immediately. Either way, the chart is over bought and ready to rollover. The economies of the world are largely entering slow downs and or outright recessions. Oil is on it’s way down soon and for quite some time.