To elaborate more on my inquiry, I am trading on the live IG session.
Using data from today, 12 June 2023, I understand that the above formula would require these general requirements:
Where do I locate the data for the below T1, T2, P2 and P3?
T1 = expiry date of the previous front future
T2 = expiry date of the front future
P2 = price of front future
P3 = price of next future
So I can fill in the below interpretation for 12th June 2023:
T2 – T1 = 31 days (25th June 2023 till 25th May 2023)
P2 price is ____ (Closing price for July contact on 12th June)
P3 price is ____ (Closing price for August contract on 12th June)
With regards to the below, and wording it in immature language... where must I look on the Nat Gas chart to find the closing prices in relation to the July 2023 and August 2023 contracts?
Appreciate it if you could get back to me.
In gratitude and kindest regards,
Brandon