Still long oil futures even through the Straight "reopening" for all of 5 minutes
u/lamephoto ·
Reddit — r/wallstreetbets
· March 10, 2026 at 23:52
· ⬆ 315 pts
· 💬 153 comments
| View on Reddit ↗
AI Summary
Summary
The post author, u/lamephoto, is expressing a bullish stance on oil futures, suggesting that a recent price drop due to the "reopening" of a strategic strait is a temporary event and a buying opportunity.
The author believes the geopolitical volatility that caused the initial spike is not resolved and will lead to a rebound in oil prices.
This is highly speculative, event-driven trading, not well-researched due diligence (DD). It is based on a gut feeling about geopolitical events rather than fundamental or technical analysis.
The U.S. government, including the Energy Secretary, has made statements and taken actions aimed at lowering oil prices. The U.S. government has significant tools to influence the oil market, such as releasing strategic reserves or diplomatic pressure, making it a formidable opponent for retail traders. Fighting a government actively manipulating a market is a low-probability trade. It is wiser to avoid taking a long position when such a powerful force is working against it. The government's influence may be overestimated or short-lived, and fundamental supply/demand dynamics could ultimately override their efforts, causing a missed opportunity for bulls.