0.17 fresh level of demand wholesale price oil on the rise target 28.00
0.17 cent low wholesale price at new fresh level of demand, oil prices on the rise target 28.00
Another bullish flag.
closed 1.06 on Friday,
Not popped to 1.24 PM.
Should be an interesting day.
The bottom being the 100 EMA. Target the 1.618 ($1.15ish) if you dare.
VNR is in a downtrend but i'm looking for a potential breakout to the upside driven by the good news in the oil field. Pay attention to the price action near the downward trendline.
had big earnings surprise last quarter over 200 prercent increase could do it again long term damage over stabilizing
pays a dividen of 3 cents a quarter
technicals neutral use stop loss see our book on amazon about setting
This chart shows the relationship VNR has to the price of crude. The recent selloff in crude has been mirrored by the selloff in VNR.