The function of the futures market is to protect producers against price moves.
The futures market is very volatile and can go into negative territory very quickly. Coal fell 17% in 5 days.
You would have noticed history being made when Oil went to -7 the other year. Amazing.
I am not sure what your chart is trying to prove.
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $186.2M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 21.8¢ | $306.4K | 1.343M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 150274 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 121905 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 169967 | 0.225 |
12 | 333064 | 0.220 |
10 | 201485 | 0.215 |
15 | 410078 | 0.210 |
8 | 333010 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 107243 | 9 |
0.235 | 506234 | 17 |
0.240 | 874147 | 10 |
0.245 | 22700 | 2 |
0.250 | 371547 | 13 |
Last trade - 15.14pm 03/07/2024 (20 minute delay) ? |
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