Morning Comment: Energy stocks should have further to run.

The energy stocks have seen a VERY strong rally over the past week and a half, so they might be due for a very-short-term “breather” soon. However, when you combine the news out of OPEC…with the technical picture for the XLE and XOP energy stock ETF’s…you have a strong argument for a nice (further) year-end rally for the sector.

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Posted to The Maley Report on Oct 06, 2022 — 8:10 AM
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