Question: How can you determine whether a future is in backwardation or contango? If the price is falling at an increasingly fast rate (has a negative

How can you determine whether a future is in backwardation or contango? If the price is falling at an increasingly fast rate (has a negative second derivative), it is backwardation, but if it is rising at an increasingly fast rate (has a positive second derivative), it is contango. If the price falls over time (has a negative derivative), it is backwardation, but if it rises (a positive derivative), it is contango. If the price rises over time (has a positive derivative), it is backwardation, but if it falls (a negative derivative), it is contango. If the price is rising at an increasingly fast rate (has a positive second derivative), it is backwardation, but if it is falling at an increasingly fast rate (has a negative second derivative), it is contango

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