Discusses why backwardation in a commodities markets is bullish. [3:26]

Review of the different uses of the words contango, backwardation, contango theory, and theory of normal backwardation. [3:45]

Thinking about why a severe contango could be bearish when it comes to commodity investing. [2:27]

Explains what contango means and how this applies to a futures markets. [4:11]

Explains how to interpret normal and inverted futures curves. [3:19]