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.
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.