Join FYERS Community to pick others' brains on Trading/Investing

Discussion

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)

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)