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Trump: Maybe the Strait of Hormuz should be renamed the Trump Strait?

Trump: Maybe the Strait of Hormuz should be renamed the Trump Strait?

Just a little satire....; )Trump on Truth Social is now posting:Now that we have it under U.S.A. control, should we change the name Hormuz Strait to TRUMP STRAIT??? Like America itself, it would be “hotter” than ever before! Thank you for your attention to this matter. President DONALD J. TRUMPWhy so limited? It is time to rename the World to "Trump" instead. Is the Strait fully open again?Meanwhile, crude oil is trading at $90.80. That's up $0.60 or 0.65%. That is off the session lows at $88.97. The price on the day before the start of the Iran war was at $67.02. At current prices, it is up $23.78, or 35.48% since the start of the war.  Brent crude was at $72.48 on February 27. Brent crude is currently at $95.42. That is up $22.92, or 31.62%.Apparently, crude oil traders have not gotten the memo but in all seriousness (not being childish), for traders, they need to see some negative technical shift - not childish headlines.  Looking at the 5 minute chart, falling back below the 100 bar moving average near the $90 level would be the minimum technical clue that perhaps the upside momentum is fading (regardless of the headlines). If the price cannot fall below that level, the sellers are not winning (and the Strait of Hormuz is not in full control most likely).   This article was written by Greg Michalowski at investinglive.com.

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