Where will oil prices go in the future? Oil prices are often affected by the moves of OPEC, Russia, and wars involving countries in the oil exporting alliance.
When looking at the large frame, we can easily see that oil prices usually bottom in January at the beginning of the year, and the cycle is every 7 years.
Temporarily take the recovery zone between Fibo 0.618 and 0.788 as the entry and profit taking zone.
In my personal opinion, in the next 10 years, oil energy will no longer be attractive or a popular energy source for humanity. Maybe factories and transportation will gradually change. from oil energy to cleaner energy for emissions into the environment.
When looking at the large frame, we can easily see that oil prices usually bottom in January at the beginning of the year, and the cycle is every 7 years.
Temporarily take the recovery zone between Fibo 0.618 and 0.788 as the entry and profit taking zone.
In my personal opinion, in the next 10 years, oil energy will no longer be attractive or a popular energy source for humanity. Maybe factories and transportation will gradually change. from oil energy to cleaner energy for emissions into the environment.
