I will only trade the active months for future. The active month for FKLI is spot month (current month) while CPO future is 3rd future month. For example, I would trade CPO June contract when I am in between 16th March and 15th April. And I will switch the month to July when the date turns 16th April till 15th May.
Note: The switching month for CPO future is 15th. Most traders will trade the active month.
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