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 ...

Demarker indicator

 Demarker indicator

DeMarker is an author's indicator named after its creator, well-known trader and technical analysis guru Thomas DeMark. This oscillator evaluates the position of current prices in relation to the previous period, helps to determine the state of the market and find places for a possible reversal of the current trend. The indicator is calculated in a separate window under the price chart.


DeMarker is a normalized oscillator: its values ​​range from 0% to 100%, which are indicated in the indicator window as 0 and 1. Unlike other oscillators, DeMarker pays more attention not to closing prices, but to intermediate extremes (highs and lows). The indicator calculation algorithm compares the current highs and lows on the price chart with the extreme values ​​of the previous period.