krp harmonicI'll add further to this idea later. For now, I expect price to reach from 11.02-7.22 within the next year. Price will likely reach the lower levels from 9-7.22 then begin a slow ardous journey back to 13-15 area, so patience will pay dividends here. Keep an eye on this one. Longby Antikythera_Mechanism0
KRP fed can only do so much with interest rates , this is supplyKRP is in a great position as a light weight royalty company that allows them to have all the benefits of higher oil prices with the protection of futures in the correct way. very well managed and has been on the radar for a while theory: oil companies are in the best position right now between economy and business. they hold all the cards and dont have to do much to kep supply tight. fed raising rates does not help supply issues. it can help demand side but the rising interest rates on a supply issue are like a secondary knock on effect. not always super effective. oil will remain high and because of that their cash flow will stay strong relative to the rest of the market. if market meltdown then model obviously shifts but if the wheels stay on , things look reallyyy good . $20 has been a tough resistance to break , if that breaks this thing could rip . not financial advice Longby DSR970
Kimbell Royalty - Down! KRPImmediate targets 13, 12. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safeShortby Rykin_Capital0