Question on WTI Contango/Backwardation for short-term swing trades
Been looking into the dynamics of the WTI futures curve lately, specifically how contango and backwardation affect potential swing trades. I understand the basics – contango means higher prices further out, backwardation is the opposite, often signaling supply concerns. My question is more practical: for those of you actively swing trading $WTI, how much weight do you give the current curve structure when planning your entries/exits? Is it more of a macro signal you check occasionally, or do you integrate it directly into your daily bias, perhaps affecting your conviction on a long/short setup? Seems like a crucial piece, but I'm trying to figure out its actual utility for shorter timeframes.