The Gilmo Report

June 8, 2022

June 8, 2022 7:05 pm ET

The market continues to stumble about, and in the process is leaving what might be called a large carbon footprint. While the market landscape is mostly littered with oversold rebounds from recent lows, oils and coals leave a strong upside streak on the charts. As oil prices push to new highs, the oil patch follows right along, and the move drags the sector higher – simple math for simple minds.

 

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