If you think you will be vindicated, you can sell the July contract and buy the September contract (sell the “cheapest” and buy the “dearest”). Now assume that you are indeed right (thanks to your...

If you think you will be vindicated, you can sell the July contract and buy the September contract (sell the “cheapest” and buy the “dearest”). Now assume that you are indeed right (thanks to your superior forecasting skills end economic analysis) and you see that the July futures contract price increased to $3.81 while that of the September contract rose to $3.89.