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 ...

Choosing a rod with the right features

 


Choosing a rod with the right features

Rod action


This often used concept means the temporal characteristic of the bending of the rod under load. If, after removing the load, the rod returns to its previous shape in a split second, this is a very fast action. When it straightens out over a longer period of time, it is a slower build. In the case when the entire whip is bent, it will take longer to restore its shape after removing the load. Rods in which the entire whip is bent, including the handle, are called parabolic.


Based on the name itself, it is clear that the action is how the rod is “built”, from what material, what is its geometric shape and linear dimensions.


The determining factors for the system are the physical properties of the material used - specific gravity, resistance to compression and stretching. A properly built rod, if a weight is attached to its tip, bends smoothly, without fractures, starting from the handle, if any. The bend should not be uniform along the entire length, but increasing from the butt to the top, without sharp fractures and without straight, rigid sections.