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 ...

Stochastic indicator

 Stochastic indicator

The Stochastic Oscillator indicator was created by the famous trader George Lane. He noted a certain cyclicity in the behavior of the price: moving from one level to another, it periodically falls into a state of overbought, then oversold. Stochastic shows the ability of buyers and sellers to set the closing price at the highs/lows reached.


Stochastic is a normalized oscillator, built in a separate window under the price chart, consists of two lines: %K - fast and %D - slow. Values ​​vary from 0% to 100%, signal lines are drawn at the levels of 20% and 80%, which highlight zones of oversold (from 0% to 20%) and overbought (from 80% to 100%). These zones are used to search for signals to buy or sell a financial instrument.