A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Frequently Asked Questions
The nearest expiration date for LME Molybdenum Futures (May 2024) is May 31, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell LME Molybdenum Futures (May 2024) before May 31, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For LME Molybdenum Futures (May 2024) this number is 0. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for LME Molybdenum Futures (May 2024) shows that traders are closing their positions, which means a weakening trend.