Bullish Commodity Supercycle for 2023? Bullish Supercycle Once Again Predicted for 2023
https://mansfield.energy/market-news/bullish-supercycle-once-again-predicted-for-2023/
Excerpt
Another commodity supercycle could be in the cards for 2023. As FUELSNews covered in Feb 2021, citing a JP Morgan analysis, markets were due for a rapid rise. Over the past century, markets have moved in large cycles, which tend to last roughly 20 years and bring large trends in price direction. The last down cycle seems to have ended in 2020, during the pandemic. Although the past year has brought severe challenges and historic prices, we could be in for a much bumpier road in the future – even seeing new record highs that blow away previous records. So what is a supercycle, and what does this mean for 2023 and beyond?
In the last century, we have only seen four “supercycles”, or periods of persistent directional price trends. From 1997 to 2008, prices rose almost non-stop, although some years did see lower prices. From 2009 to 2020, prices slowly returned lower, though with plenty of volatility on the way. It is important to note that a supercycle is a sequence of spikes in prices, not a continuous upward trend, making them very difficult to predict….