Transfer mode of futures transfer position
Before the designated warehouse transfer date of commodity futures, first pull out the positive price difference between near-month and far-month futures (trading instructions: buy far-month, short near-month). Next, when fund managers trade positions, they still have to bite the bullet and trade positions in the face of the existing positive spread (trading instructions: buy far months and short near months). At this time, the "speculators" who open positions will easily transfer their positions to commodity funds (trading instructions: short the far month and buy the near month). This kind of trading action happens to be the opponent of fund managers, contrary to the positions they have established, and the positions are cleared smoothly. The positive spread of near and far futures makes commodity funds have to "buy high and sell low" (loss side), and speculators will also "buy low and sell high" (profit side).