Gartman Remains Bearish On Oil

On June 22, Citi called the bottom in oil to the day, when in a not too subtly titled note it said "Here Comes The V-Shaped Rebound In Oil." Since then, both WTI and Brent had risen for 8 trading days in a row, the longest stretch since February 2012. Meanwhile, surprisingly not too many, Gartman went short and, in his latest note, he explained the he remains bearish. End result: the oil rally just closed higher for 9 consecutive days.