Alternatives: could someone clarify Backwardation and normal backwardation?

[Yushin]

I am kind of confused abt backwardation and normal backwardation…
What’s the difference?
Could someone clarify the difference? ‘
Thanks!

 

[hei.so]

Contango: CURRENT spot price < future price
backwardation: CURRENT spot price > future price
normal contango: EXPECTED spot price < future price
normal backwardation: EXPECTED spot price > future price

 

[Harrogath]

hei.so wrote:
Contango: CURRENT spot price < future price
backwardation: CURRENT spot price > future price
normal contango: EXPECTED spot price < future price
normal backwardation: EXPECTED spot price > future price

Interesting… thanks.

 

[Harrogath]

The thing I didn’t understand clearly is if normal contango or normal backwardation expected spot prices are the spot prices on the execution date of the future contract. It should be, right?