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What do you think contributed to the recent all-time high turnover on MCX? Was it the re-launch of mini contracts, favorable market conditions, or something else entirely?

And for those who are new to commodity trading, what advice would you... (More)

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FYERS APIMCXCommoditiesCrude Oil

Posted 4 months ago

Websocket connection for MCX live feed

Hi All,
I am trying to fetch MCX:CRUDEOIL22DECFUT using the websocket connection.
I get an empty response : res {"s":"ok","d":{"7202":[],"7208":[],"31038":[]}}
I am able to get the quotes for the same symbol but it somehow does not work on the websocket... (More)

1 reply

Answer

CommoditiesCrude Oil

Answered last year

Backwardation is a situation wherein the spot price of a commodity is higher than the futures price or wherein near-month futures contracts are more expensive than farther-month futures contracts.

The image above shows MCX crude oil futures prices for February... (More)