Antibotter , Its not for me to tell anyone how to play this one . But I will anyway . Think about it long term , we are still in the basing stage of an Elliott Wave , there is a lot of water to flow under the bridge yet . I think a three tear term is the way to go ' with a caveat ' and that is the Saudis flood the market once again . Year (1) 2016 - Survival . Year (2) 2017 Rebuilding . Year (3) Back into profit and off to the races . But it could happen much faster as all oil producers are desperate to make money, and with rapidly depleting reserves , due to budgets being slashed for future developments , things could move a lot faster than you think . Check out the weekly charts .... Good luck Mate and cheers .....
MRM Price at posting:
45.8¢ Sentiment: Hold Disclosure: Held
