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Do curve shapes, aur unka rollover par seedha asar
Published by The Retail Trader · JUL 25, 2026 · Derivatives & Commodities
Futures ka bhaav spot se alag hota hai, aur ye antar random nahi hota. Uske do naam hain, aur wo dono batate hain ki market us commodity ke baare mein kya soch raha hai.
Contango wo sthiti hai jahan door wale contracts spot se mehnge hain. Ye aksar normal hota hai, kyunki aage tak rakhne ka storage aur financing kharcha hota hai.
Backwardation ulta hai — door wale contracts sasta. Ye aam taur par tab hota hai jab abhi ki supply tight hai aur log aaj hi wo cheez chahte hain.
Ye shape lambi position rakhne walon ke liye seedha kharcha ya faayda hai:
• Contango mein har roll par mehnga contract kharidna padta hai — ye ek chhupa hua monthly kharcha hai.
• Backwardation mein roll aapke haq mein hota hai.
• Isi wajah se commodity mein lambe samay tak position rakhna spot ki chaal se alag return deta hai.
• Commodity ETF aur funds bhi isi roll cost se guzarte hain.
Agar aapne ek commodity ka spot chart dekh kar lamba view banaya hai, to wo view futures mein waise nahi milta. Roll cost mahine dar mahine lagti rehti hai, aur saal bhar mein wo aapke poore view se badi ho sakti hai.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.