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The thing is Veles earnings are depending from those who are selling oil. At this time, big money will not enter to the oil counter and those who are relate to oil counter. because they have no stories to sell in oil counter, If the big funds push it up... who willing to buy at high? Oil counter are not in the trend leh.
Put it in this way. If your boss’s profits is reducing. Do you think your salary raise and bonus will be good? Or worse yet, could your salary be late or reduced?
Based on the past, when oil prices decline, oil producers often reduce exploration and drilling activities to manage costs, leading to decreased demand for services offered by companies like Velesto. So still waiting for good price to enter.
0.18 are good to enter for short trade. Still have 2 to 3mths before Trump announce his direction. seems is Hard to break this support without a solid negative news toward oil price.
