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 ...

How to choose a cryptocurrency-Как выбирать криптовалюту

The first question that will have to be decided is whether it is worth starting to mine cryptocurrency at all. Here, a lot depends on investments, the method of mining, and also on the right choice of coin. The most popular, though not necessarily the most profitable options right now are Bitcoin, Monero, Zcash, Ethereum, and Litecoin. You can check this on the WhatToMine service, where you should select the mining method (graphic cards or special devices, ASICs) and check the list. Starting to mine cryptocurrency, you can use another method - analyzing the statistics of mining pools. The 2miners.com service is suitable for this, where the algorithm for checking the payback of a certain cryptocurrency is as follows: Log in to the service. Find the "Miners Online" tab Scroll down the list and find a miner with the same power as the user's equipment. Suppose that such a device is the Asik PandaMiner B3 Plus, popular in 2021. For Ethereum, its performance is 220 Mh/s. Go to the miner's page by clicking on his nickname on the service. Check profit for the day, week and month. In this example, the user can expect $459.85 per month. This is enough to quickly pay for the PandaMiner B3 Plus, which costs about $2500 on AliExpress. When calculating the payback, it is worth considering also the cost of paying for electricity. So, for the PandaMiner B3 Plus model, it does not exceed $0.07/kW x 720 h x 1.25 kW = $63. The expected payback period is $2,500 / ($459.85 - $63) = 6.3 months. If this suits the user, you can stop at Ethereum - or check a few more coins on the same service, choosing the most profitable option. True, both of these methods are not suitable for cloud mining. When mining in the “cloud”, it is worth looking, first of all, for a good service, which will already allow you to avoid accidentally choosing a disadvantageous coin.