forex blog, where articles of interest for currency trading are posted throughout the day. There is no need to use many technical indicators, one that you understand well will do the job. A comprehensive crude oil trading strategy could include: Fundamental Analysis, technical Analysis, risk Management, once a trader understands the fundamental supply and demand factors that affect the price of oil, he/she can look for entries into the market using technical analysis. Traders sometimes look at the futures curve to forecast future demand, cftc speculative positioning to understand the current market dynamic and can use options to take advantage of forecasted high volatility moves or to hedge current positions. This is the case for oil traders using #oott, which stands for the Organisation of Oil Traders on Twitter.
There are a variety of technical indicators and price patterns a trader can use to look for signals to enter the market. Look for updates on the Forex Forum when the chart gallery is updated. Crude oil inventories -1.6 below the 5-year seasonal average, gasoline.9 above average, and distillates -5.3 below average. It is like a virtual forex trading room. Interact on the same venue to discuss forex trading. Crude Oil Closes Lower After Bearish EIA Report by cmdtyNewswires - Wed Mar 27, 4:44PM CDT. May Brent crude oil (CBK19) on Wednesday closed -0.14 (-0.21). War in the Middle East leads forex indicators explained to concerns about supply. Crude oil inventories versus the consensus for a -2.5 million bbl decline. Expert oil traders generally follow a strategy.