 अगे जागे क्या होगी, ताद is an important question. एक जरनल अंसर हमारे गय एक जी प्राइस लिए बड़ेंगी. But I will not agree to that and I will prove that shortly. कि इसत्रा नहीं होता, it depends on market forces and demand supply and many other factors. कि what will be the price in the time to come. कुके मेसे के लिए लोग क्यों कन्सान है, क्यों क्न्तंगो माकित होगी, कि भगां काए रहीं माकित होगी क्यों के, क्यों कि आडे लुग कि उस्बon-back-their-price-things, कि आडे लिए बआँए ड़िया मेसे के ढ़़ाग़ू की यहा ताद. क्यों क्यों क्यों क्यों करक रहीं होगी. ऊपस में कों खॉष बी था जाता, कि अवप्रइस थे, वेड की प्रीस किया होती जुन में तो थौराट कहली, थो हम देक तैए के चीजो में उन्पलेशन होती है, परीस भरती है बक वर्ड अगट के इस्वकयर वीड का सीजन नहीं और जुन मे वीट का सीजन होँगा और वीट की आमपल प्रडक्रिशन आँगी वो सकत्टक स pleasures नहीं नट बड़ ढके कहुत सी्वोनwarz मैए चते लेई saràग। स इस अवय जर द़ मेंeftी अछी लो小心 अएखनी चूईज़ा ूँफ vielä भीआज ता अतिकाँत उच्टते यार कि मैसेलग कि At that situation comes in at भी उन्चрут,ईच உक्शिन्त लोए सचकती रऽ to come up with value आभ़ लेकगरemption k reke code down , khiyelelelelelelelelelelelelelelelelelelelelelelelelelelelelelelelelelelelelelele, और आपा इनबाईतशी तुवार हेजीं कोंका अर laye keicei tyunka risk-chein ke ke bwaj apuchon. आपना, बहुत, दिन के लगागा परज़ीर atun, travelers of the transaction, market dynamic change to contango. ये दोनो हैं क्या? या भी आम बाद कते हैं? ये तोड़ा सब दरा surprise भी रखे हैं and keep curious. तो बत ये इनो ने एक expectation कर के उसको अपने आप को hedge किया वाता, but market dynamic change and they lose a lot because they were not expecting. यह भी है के आपका ख्याल से अगर प्राइसेज ने एक fall करना है और भड भी सकती है. तो ये एक तो fall में change आसक दी है, it can be other way round as well. कन टेंगो मागे दिस often confused with normal future curves or backwardation को जो आवो भी curves के साथ इन में एक confusion भी आती है, so we need to be very crystal clear when what are these terms and how it we're going to reflect. So now it is the point, you can see from the graph, के प्राइसी हमारी में कहाँ पे हैं और वो नवेमबर में कहाँ पे हैं. So what you can see rise or fall, rise के प्राइसी जो आवो expected to increase. ये क्या situation है, this situation is about कन टेंगो. कन टेंगो is referred to situation when future price are going to be expected to be high. यह सपोध बन प्रिश़ अट बहुत है, which generate an upward sloping curve, तो यह कि यह बईदकिस, which would be high in the future, यह सपोध बईँ बहुत है. So this is called market is in the contango यह एक बईग़ाना कर पूथ बर में लीघर, that the futures are trading premium to spot. तो कन टेंगो कहाँ हूँ उओज़े बहुत है, So what about contango? but mainly we are talking about what can be expectations. So contango's expectation is that the price of the future is more than the board. And this situation can be reversed from time to time. This changing that is referring to the fact that it can come from one point to another point. Now we see the other way around. In this graph you can see that in current level in February prices are at a higher level and in November you see there is a big fall coming in. So this situation is in this chart the spot price is higher than the future price. That our current level is more than the future price is less. Which I had said that it can be a very normal thing. We will call this backwardation. The situation of backwardation has come in your mind. Its reverse of contango. So if you understand one very good way then the other is its reverse. So the future forward curve may become backwarded in physical delivery because of benefits going to physical material like production process, new supply will come or future policies are in favor of it. So there could be many reasons that this could be low. This is known as the convenience lead which is implied return warehouse inventory that you basically have more advantage to keep with you so you are willing to pay more at the spot level. You will be comforted that I have this thing. I don't know if you will get it in the future or not. So the demand of the spot is higher. So these factors determine that what is the link relationship of the spot and future. So this convenience yield is inversely related to the inventory level. So if I get this convenience then what will I do? I will build the inventory but for that I will have to pay some premium. For a simple test let's take a small one. A market where forward future price is at premium to spot price is known as what? A, backwardation, contango. G, future price is at premium to spot. You write it is contango. Thank you.