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 ...

Graphic pattern "Flag"-Графический паттерн "Флаг"

Graphic pattern "Flag"




The "Flag" pattern is a pattern of continuation of the current trend. It looks like a flag when, after a strong price movement ("flag pole"), a correction zone ("flag flag") is formed, which is either horizontal or has an inclination against the "pole".


The boundaries of the flag pattern are directed against the main trend. Usually the figure appears after strong price movements. The flag pattern may indicate that the bears took the correction for a reversal. It is possible to break through the boundaries of the channel and continue the trend in the same direction. Traders open a position after the flag breaks out in the direction of the main trend.


The correction zone of the "Flag" pattern can look like a "Rectangle", "Triangle", "Wedge". After the correction is completed and the price closes above the resistance line of the "flag panel", buys are recommended, the amount of working out is the height of the "flag pole" (H).


bull flag


With a bullish flag, the price moves up and then consolidates in a narrow range. Highs and lows of the correction are between the boundaries of the pattern. When the upper limit of the bullish flag is broken, the main trend is most likely to continue.


bear flag


The bearish flag pattern is characterized by falling prices. After the price consolidates and continues to move in a narrow range. When the lower border of the bearish flag is broken, the downtrend is most likely to continue.