Chart has short term potential, page-221

Hi again A .H. , I think if things go as expected and an excess amount of oil vanishes from the market oil prices will rise and with it sentiment , and the MRM sp will follow as rebalancing occurs . I know Venezuela is a very sad case but they used to produce 2.5 ml bpd .which on its own is enough to rebalance the market and raise prices , but Venezuela is not alone all non Arab OPEC countries are in deep trouble , there are stories coming out every day to support Goldman Sachs theory that this has done so much damage that more oil will come out of the market and it will be out of the Saudi's control. I think the market will support MRM sp once the future looks better and sentiment returns ....... Cheers