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 ...

MACD indicator (Moving Average Convergence/Divergence)




 The MACD indicator is one of the most popular oscillators, developed by renowned trader and analyst Gerald Appel. "Moving Average Convergence/Divergence (MACD)" translates as "convergence and divergence of moving averages". As the name implies, MACD uses a combination of several movings with different parameters.


The indicator is calculated in a separate window on the terminal screen and consists of two lines, one of which is represented as a bar chart. The trading signal is the intersection of these two lines, as well as divergence (divergence) - the discrepancy between the extreme values ​​of the indicator (highs and lows) with the price chart. Divergence can predict an incipient correction or even a trend reversal.

How to use the MACD indicator: settings, trading, divergence