EIA how to make a single spot crude oil
Crude oil inventory data on the basic judgment done, how to operate it? According to the actual value of the published we can make the following judgment: if the actual value is greater than the predicted value and greater than the previous value, then it must be bad. Because the stock has increased! On the contrary, the actual value is less than the predicted value and less than the previous value. Similarly inventory reduction! Can increase (decrease) based on the amount of inventory to do more than short or other layout operations! If you are in the middle of the value, then Xiaobian recommended not to do a single, long and short are possible, the risk is greater than the profit, there is no need to take the risk!
Therefore, how to determine the increase or decrease in crude oil inventory is particularly important! In general, I will judge or analyze the increase or decrease in crude oil inventories from a financial website. Make a rough estimate based on the previous and predicted values. Then make an approximate prediction by the morning API data! According to incomplete statistics, API data and EIA data with the probability of more than 80%! If the stock forecast value than the previous increase in value, generally can be judged to be a bad trend, otherwise it is a bullish trend. This can only be used to make a rough judgment! Let your heart have a general direction, but can not be used as a basis for single!
Crude oil inventory data show that the United States when the number of crude oil inventories for the asphalt and crude oil products (fuel, diesel, etc.) have a greater impact. Oil market, foreign exchange market and precious metals market will have a certain impact. Due to the impact of supply and demand, crude oil inventory data will have a greater impact on crude oil prices! In simple terms, inventory increases, supply is greater than demand, then the price will be reduced. Similarly, the stock has been reduced, then for less than demand, the price will rise!
First introduced EIA, namely crude oil inventories: every Wednesday, the energy information EIA released authoritative data, a change in the number of crude oil stocks this week. According to the relationship between supply and demand will directly affect the price of crude oil (DST released 10.30 winter 11.30 released) crude oil inventory data, which literally means by the U.S. Department of Energy announced an inventory of crude oil this week.
