stalkey

I have been confused regarding normal contango / normal backwardation, and I found a very helpful video on youtube with charts. I would highly recommend it if this subject is not intuitive, especially if you are a visual person.

just search 'normal contango' on youtube, it's from bionic turtle (thank you mr. bionic turtle, whoever you are)

It's about 8 minutes, and the "normal" part starts at 3:30, the first section is a review of contango and backwardation (not the "normal" flavor).