BE CAUTIOUS – MAJOR FUND LOSSES ON $21 OIL HEAD FAKE ON TANKER FIASCO, IRAN’S ACE IN THE HOLE, INLINE CPI
By Nigam Arora
To gain an edge, this is what you need to know today.
Mining Strait Of Hormuz
Please click here for a chart of oil futures (CL_F).
Note the following:
- The chart shows a $21 oil head fake.
- The chart shows about a $12 drop in oil on reports of a tanker successfully crossing the Strait of Hormuz. Later, Energy Secretary Chris Wright confirmed in a post on X that the U.S. Navy had successfully escorted a tanker through the Strait of Hormuz.
- Many funds aggressively short sold oil on Wright’s post. Afterall, who is a more credible source than the Energy Secretary of the U.S.?
March 11, 2026