The aim of this bachelor thesis is to evaluate the possibility of prediction of future crude oil price. At first it discusses a crude oil as an irreplaceable resource. Furthermore, I present futures market, a market where crude oil is traded, and its peculiarities. The main part of the work is focused mostly on technical analysis, however fundamental analysis is also discussed because these two analyzes are two main methods of forecasting future price trends in general. It discusses the basic te... zobrazit celý abstraktThe aim of this bachelor thesis is to evaluate the possibility of prediction of future crude oil price. At first it discusses a crude oil as an irreplaceable resource. Furthermore, I present futures market, a market where crude oil is traded, and its peculiarities. The main part of the work is focused mostly on technical analysis, however fundamental analysis is also discussed because these two analyzes are two main methods of forecasting future price trends in general. It discusses the basic terms related to technical analysis, assumptions needed in order to use this method and in details it mentions tools like graphic formations, moving averages and oscillators. The evaluation is then carried out by using an analytical program which tests strategies based on moving averages on the Brent crude oil price data. |