Commodity Day Trading Technical Analysis

How to do technical analysis for day trading in Commodity trading?

To do intraday trading, you must have the following :

1) market previous day open, high low and close . This week open, high low close level.Trading volume
2) Commodity future has expiry date, you must have an understanding of that. This is a reflection of my future direction move and market sentiment.
3) news data related to the commodity. cotton, wheat, grain related to the weather. General market sentiment is important. this will give you a guide to the market trend move for the next few months.
4) Be discipline to watch market open and closing time. Learn the interest in buying or selling on the open, the volumn , open interest. Normally it is an indication of how market will perform for the rest of the day. Closing movement to know intraday trader loading or off load.
5)risk level. manage your risk level. determine where you are willing to lose.
6) Bad opportunities are everywhere. Good opportunities arise lesser than bad opportunities. Trading when there is good opportunity. Draw clear line between trading and gambling.
7)Know yourself. You must have a mental preparedness for trading activities. You must be in top form to make good judgemental trading move.how actually where you enter and exit level.

Market Technical Analysis – Market Jumps On Back Of Retail And Fading Dollar (Commodity Push)