Hi downside , I only see sideways basing or accumulation stage at this point . In the accumulation stage stocks take time , sometimes even years , the longer the foundation the greater the rise . However I feel that a trend change is inevitable with the re balancing of the o.p. The charts look good but not yet overly strong . World producers will meet in DOHA on 17th April . We will see what transpires . Probably more posturing by the Saudi's , more bluff and hubris . But in the end the all need the money , so rebalancing is inevitable . The Iranians want $85 the Saudis need $106 Russia need all it can get , and soon . Good luck Mermaids and stay positive.....
MRM Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
