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 ! $178.2M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 21.8¢ | $285.5K | 1.252M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 80460 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 433254 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 80460 | 0.230 |
16 | 251977 | 0.225 |
11 | 277104 | 0.220 |
13 | 218805 | 0.215 |
16 | 465033 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 433254 | 11 |
0.240 | 970755 | 16 |
0.245 | 22700 | 2 |
0.250 | 371547 | 13 |
0.255 | 313553 | 9 |
Last trade - 13.13pm 03/07/2024 (20 minute delay) ? |
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