Work Your Core After Drinking on St. Paddy's Day

With ongoing severe disruptions to oil transportation in the all-important Strait of Hormuz, many countries will necessarily turn to coal as a stop-gap measure with dwindling options. The longer this conflict drags on, the more likely coal plays like Canonsburg, Pennsylvania-based Core Natural Resources should benefit. While we all follow oil prices into this war, coal prices have quietly been moving higher, too since late-February. 

And CNR, which is a producer and exporter of high-quality, low-cost coals, including metallurgical and high calorific value thermal coals, stands to profit off this scenario. 

On the CNR daily chart, below, we see one of the better coal charts at the moment. Note the tight bull flag in the context of an up-trending chart, above rising long-term moving averages. 

Also note fresh highs today for UGA, the ETF for rolling gasoline futures across the country. The White House can try all they want talk down energy prices. But I still believe economics prevails in the end.