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 ...

Какие бывают фьючерсы?-What are futures?

 




There are several types of futures contracts in different markets. The speculator is advised to choose one or two contracts and specialize only in them in order to gain a deeper understanding of the market in order to make the right trading decisions. Consider the most common futures:


Precious metals. Traders buy and sell Gold and Silver futures. As a rule, investors, when working with these contracts, seek to hedge against high inflation or general financial uncertainty in the world.

Stock indices. These contracts depend on the movements of stock indexes such as Nasdaq or Dow Jones. On these movements, traders who have chosen futures for stock indices are trying to make money.

Currency futures. These are contracts to buy or sell a certain amount of a currency at a pre-agreed price expressed in another currency in the future.

Energy. These futures contracts include oil and natural gas and serve as a benchmark for world oil prices.

Agriculture. Here, trading is carried out in contracts for soybeans, corn and wheat. Weather conditions and seasonality can have a strong influence on them.

Treasury bonds and interest rates. Such futures contracts play the most important role in international financial markets, and the traders who work with them closely follow the actions of the US Federal Reserve.

Livestock. In this category, participants have the opportunity to speculate on the prices of livestock and pork. These prices are strongly influenced by supply and demand.