How to use the EIA oil report in trading

How to use the EIA oil report in trading The content of the article What is an EIA report What data is published in the report How to use the report in trading Long term trading Short term trading Conclusion In this review, we will consider the weekly EIA report on the state of the oil industry, which has a strong influence on black gold quotes. Many traders closely follow his publications and use the information received when trading. What is an EIA report The Energy Information Administration, EIA, is a division of the US Department of Energy established in 1977. It is responsible for the objective collection of energy data, analysis and economic forecasts. Various reports are regularly published that provide information on energy-related topics. For example, reports on energy stocks, demand and prices. The United States is not only a major oil consumer (approximately 20% of world consumption), but also a leading oil producer. The balance of supply and demand in the US gives a rough ...

Awesome Oscillator indicator

 Awesome Oscillator indicator



Awesome Oscillator is translated as "wonderful" or "amazing" oscillator. Its creator is the famous stock trader Bill Williams. He developed this indicator for use in his Profitunity trading system. The Awesome Oscillator is based on the difference between two Simple Moving Averages (SMA). The indicator is built in a separate window under the asset price chart.


Evaluation of the current convergence / divergence of the fast and slow SMA makes it possible to determine the direction and strength of the price movement, and also shows potential trend reversal points on the chart. If the Awesome Oscillator grows and shows new highs, then there is an uptrend in the market, if it decreases and updates local lows, then there is a downtrend in the game.