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 ...

Momentum indicator


 Momentum is a non-normalized oscillator that also has a trend-indicating function: it helps to determine the direction of an active trend. This indicator compares the closing price of the current time interval with the closing price of the previous period. In essence, Momentum shows the speed (tempo) and direction of price change.


The popularity of Momentum is due to its simplicity, versatility and the fact that it can periodically give leading signals. Momentum assesses the rate of change in quotes and helps determine whether the trend is accelerating or slowing down. It can also be used to find pivot points on the price chart. The Momentum indicator is built in a separate window under the price chart.