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To trade this stock in really short term can, but not for long term, especially now. Because the oil price seems going down soon or later. Unless more and more oil plant being disturbing by the Hurricane. lol. But that effect also is very short until the real demands of oil is increasing...
Now the Economy of US and China also slowing down, low demand for the oil. Further, many of them look for alternative to replace the usage of oil. In the near further how can the oil counter doing good? Just a small trend to goreng no problem... I think before the US election. the oil price wont really jump down.
But overall of this stock was good for me. just that it may not in the trend. Thats why im here to see around. haha.
Yea. I only do short trade here. Now seems is forming the second leg. But i think the oil price of WTI need to stand firmly at 72 or above before Veles can real breaks 0.205...
I personally feel that its price will go below 0.18.
Veles are follow closely with the trend of oil price. Is really matter if oil price go down and Veles profit will be effected ooo. Unless the market story the oil demands is increasing and make the oil chart to rebound.
I take people prediction only for few days or a week. If you are wrong then you are wrong. Let say today I say will drop to 1.50, if after 3 months really drop to 1.50 that doesn’t count as a correct prediction.
