1. The opposite market condition to normal backwardation is known as contango . 2. In this situation, called contango , speculators must be net short. 3. Contango used to be the'normal'for the oil market.4. Speculation and investment requirements later shaped the common contango trend. 5. Contango is a potential trap for unwary investors.6. For perishable commodities, price differences between near and far delivery are not a contango . 7. Likewise, contango implies that futures prices for a certain maturity are falling over time. 8. Jacobsson originally worked in the inventor of the oil Contango market in the early 1990s. 9. A contango is normal for a non-perishable commodity that has a cost of carry. 10. If the spot price is lower than the futures price, the market is in contango ."