Another familiar TACO trade? Same game, different packaging! During the Asian session, the panic over Iran's blockade of the Strait of Hormuz kept escalating. WTI crude oil surged to a high of $119.5, and everyone was guessing how long the war would last. Goldman Sachs warned of $150. Then the Don made a statement during a CBS phone interview: 'The war is basically over.' Oil prices instantly crashed. From $119.5, it plummeted straight to $81.7, dropping 11% intraday. First, they milked a wave of rebounds, then moved on. Classic Trump move!