Oil is quite easy to analyze, since there is an extraordinary hype around it and even the direct dependence of many states.
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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