INSTRUCTIONS
1. Seed and chop all the chilies.
2. In a small saucepan over medium heat, warm the olive oil. Add the chopped chilies, onion and garlic and cook, stirring occasionally, until soft, 4 to 5 minutes. Reduce the heat to low and stir in the ketchup, sugar, cumin and chili powder. Simmer until deep red in color, about 15 minutes. Let cool.
3. Use immediately or cover tightly and refrigerate for up to 1 month.