Tender period
DerivativesAlso called: Staggered delivery period, Delivery period
The window before expiry of a deliverable commodity contract during which positions can be matched for delivery, in some contracts on a staggered basis across several days.
In plain terms
In that window the price answers to warehouse stock and delivery logistics rather than to anybody’s view of the commodity, and the participants left in the book are not the ones a chart pattern was learned on.