RE:RE:RE:RE:RE:WTI over $75 and VET still under $11Actually, when WTI is down.... you are bang on G. D. Vet is down close to 100& of the time. Much smaller the when wti is up. You're right.
gold_diggers1 wrote: stockmarket1 wrote: Yes... Todays trading action was a complete joke!! Especially, seeing what happened in the U.S yesterday. Nothing else to say. Wouldn't surprise me... In fact, I expect it..... A pull back next week. Monday for sure seems to be the pattern lately. AND.....Let's see what happens with the delayed OPEC+meeting.
gold_diggers1 wrote: stockmarket1 wrote: The correlation between VET, WTI and Brent sometimes doesn't exist. Look at it this way. Another observation. Canadian markets yesterday were closed and VET had a great day down south with the U.S markets opened. Now, Canada is opened and VET is on the verge of being in the red. It's green as i write this but It won't shock me if we end the day in the red.
If opec+ settles, we could sink even more next week. Be prepared to buy. I have a strong feeling we'll get another great buying opprotunity sometime next week.
Yes. VET had a great day yesterday in the US up 31 US cents to close at US$9.06 but today it's trading down to US$8.81 which is close to being "even" with Wednesday's US close (US$8.75)... AND WTI is up $1.50 from Wed's close?!
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Go figure, eh?! So, in CA or US,
WTI does not really matter with VET.
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GLTA
No correlation..... Let me qualify this. Yes, no correlation when WTI is up. BUT VET is 100% correlated when WTI is down?! WTF?
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GLTA