What is the basis for selling commodity futures contracts? The latest price? Settlement price? Still selling price? Is there any significant relationship between them? Tell me from your personal point of view. Retail investors are an important part of the futures market, and speculators account for more than 95% of futures accounts.

The trading of futures contracts can be divided into selling and opening positions, and the prices can be linked, overpriced, or directly traded according to the opponent's price (bid price and closing price).

The latest price is the latest transaction price in the market, the settlement price is the settlement price of the previous day, and the selling price and the buying price are the hanging prices of long and short positions.