backwardation: A market is considered to be in backwardation when a nearby futures price is greater than a more distant futures price.

contango: A market is considered to be in contango when a nearby futures price is less than a more distant futures price.

fundamental analysis: An approach to market forecasting that emphasizes the analysis of factors affecting supply and demand.

technical analysis: The practice of trying to divine prices by examining trading patterns and comparing the shape of current charts to those from the past.