Can anyone provide some insights when it comes to trading futures in crude oil intraday?
From last few years of my observation,
It would be helpful if we have good knowledge about global economy and how macros affect commodities. Here are some things to keep a track on :
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OPEC meetings outcome. (Production cut or hike and by how much - more production cut = less supply, likely to take prices up)
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Inventory levels of major markets like US, China
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Interest rates
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US dollar (the higher it gets , the costlier it becomes for buying countries)
Along with these having a good grip on technicals should help u do better as a trader in crude oil.