@MarekMackanic's post on eToro.com
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Is $OIL the Next Investment Opportunity Beyond Silver and Gold?
Oil has been in a downtrend since 2022, forming a large falling wedge pattern that typically signals a potential breakout to the upside. While further downward momentum is possible, I believe that any price below $60—down to the $50 level—represents a buying opportunity. The 61.8% Fibonacci retracement aligns with the $50 mark, which also coincides with the lower boundary of the wedge.
My current portfolio exposure to oil companies, specifically within the energy minerals sector, is approximately 5.5%. Over the next five mo...