Viper Energy (VNOM) presently testing key resistance, able to absorb weekly buying pressures.
From here, (VNOM) is susceptible to falling back to recent support, eliciting losses of 10% over the following 1 - 2 months, and potentially losses of 20 - 30% over the following 3 - 5 months.
Inversely, a weekly settlement above elicited resistance would signal bullish continuation through Q1 where gains of 20% would be expected over the following 3 - 5 months.
From here, (VNOM) is susceptible to falling back to recent support, eliciting losses of 10% over the following 1 - 2 months, and potentially losses of 20 - 30% over the following 3 - 5 months.
Inversely, a weekly settlement above elicited resistance would signal bullish continuation through Q1 where gains of 20% would be expected over the following 3 - 5 months.
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