Oil is quite easy to analyze, since there is an extraordinary hype around it and even the direct dependence of many states.
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Frequent OPEC meetings, crude oil inventory reports every Wednesday (link), reports on gasoline reserves, the number of drilling rigs gives an accurate understanding of the prospects for oil for 2-3 days! Accordingly, it is a favorite asset of many traders. Both beginners and professionals.
Working with oil, fundamental analysis plays a key role, while technical analysis helps to find the best entry and exit points in the market.
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