Select Page

Futures Charts

Futures

Sponsored Content

steemit

Visit on Steemit!

Support us on Steemit!

bitcoinlgoo

Visit on D.Tube!

Support us on D.Tube!

Curriculum Content

Futures Charts are fairly simple. The price information for futures changes constantly during the day according to supply and demand. Investors who quickly receive this information have an edge on those who are slow to obtain accurate price updates. Many pay substantial amounts of money to receive information even milliseconds faster than other traders in the market. This information is displayed via futures charts.

Quote Price

The quote price is the price you’re paying or receiving for the unit multiplied by the amount of units bought or sold in a single contract. The most recent transaction determines the current price, so if new orders for sale and purchase are filled the price may change. The spot price is the cost for buying the future’s underlying asset or commodity today. If you actually purchased a barrel of oil, you would be buying it for the spot price.

Bid Price

The bid price is the price the highest buyer will currently pay on the market. The offer price is the lowest price someone will currently accept on the marketplace. A quote chart displays prices from the trading day and previous trading days. It also displays useful information such as the highest and lowest price traded recently.

Prices move both upwards and downwards based on supply and demand within the market. This occurs mostly as a reaction to economic, political, and business data. Futures hedgers and speculators are attentive to new information and how it will impact the prices of underlying commodities or assets of financial futures.

Demand Supply Relation

The Demand Supply Relation (DSR) is a comparison of sellers versus buyers. This impacts market demand, and therefore prices. If the amount of selling orders outnumbers buying orders, supply is higher, which implies prices are likely to fall. If the buying orders outnumber the selling orders, demand is higher, which implies prices are likely to rise.

Price Limit

Price Limits create a maximum and minimum movement to daily price values. If trading prices hit the upper or lower limit, the contract’s price movement is halted. A “limit up” contract has risen to the maximum. A “limit down” contract has fallen to the minimum. This stops the market from crashing or rising too fast. Trading may resume the next day or if the price moves substantially in the opposite direction.

Quote Tables

To actually understand how to read futures pricing, you need to understand how to read a quote table. Quote tables can be accessed both over the internet and in newspaper publications. In order to acquire a quote table, you may need the future code. A future code has five characters.

Asset Divisions

The first two characters specify the contract type based on underlying asset. These asset divisions occur for Agricultural, Currency, Energy, Equity Index, Interest Rates, and Metals. An incomplete list of asset codes is below. Codes vary depending on the futures market, but many are commonly shared across multiple markets. Check the commodity codes before making trades to avoid subjecting yourself to unpleasant surprises.

Asset Name - AgriculturalSymbol
CocoaCC
CoffeeKC
CornC
CottonCT
Feeder CattleFC
Lean HogsLH, LE
Live CattleLC, XL
Live HogsXH
LumberLB
Milk, Class 3DA
OatsO
Orange JuiceJO
Pork BelliesPB
RiceRR
SoybeanS
Soybean MealSM
Soybean OilBO
SugarSB
WheatW
Asset Name - CurrencySymbol
Australian DollarAD
British PoundBP
Canadian DollarCD
Deutsche MarkDM
EuroEU, UD, ED
Japanese YenJY
Mexican PesoPM
Swiss FrancSF
US DollarDX
Asset Name - EnergySymbol
Bent CrudeITCO
Crude OilCL
Heating GasHO
Natural GasNG
Propane GasPN
Rbob GasRB
Unleaded GasHU
Asset Name – IndexSymbol
Dow Jones IndustrialDJ
Eurotop 100 IndexER
FT-SE Stock IndexFI
Goldman Sachs Commodity IndexGI
ICE Composite IndexYX
Nasdaq 100ND
Nikkei 225 Stock AVG.NK
S&P Midcap 400 IndexMD
S&P500SP
Value LineMV
Asset Name – Interest RateSymbol
10 Year Treasury NotesTY
2 Year Treasury NotesTU
30 Year Treasury BondsUS
5 Year Treasury NotesFV
Canadian Government BondsCN
EurodollarED
Federal Funds 30-DayFF
LIBOREM
Municipal BondsMB
Treasury Bills, 90 dayTB
US Treasury BondsXB
Asset Name - MetalsSymbol
CopperHG
GoldGC, GH
Gold NYXK
PalladiumPA
PlatinumPL, XU
SilverSI, AG
Silver NYXY

 

Month

The third character is the month of underlying asset or commodity delivery. The last two characters are the year of delivery. If you see PAH16, you are looking at a contract for Palladium, March, 2016. The code for each month is below.

MonthSymbol
JanuaryF
FebruaryG
MarchH
AprilJ
MayK
JuneM
JulyN
AugustQ
SeptemberU
OctoberV
NovemberX
DecemberZ

Chart Key

After you’ve identified the futures quote code, you can begin reading the commodity future’s price quote table. These tables will have multiple columns. The first column will be the date. Subsequent columns will be words relating to the price of investments with numbers beneath them. The definitions of these words are below.

WordMeaning
OpenOpening Price For The Day
HighHighest Price For The Day
LowLowest Price For The Day
LastPrice Last Traded
Lifetime HighHighest Price Ever Traded On Contract
Lifetime LowLowest Price Ever Traded On Contract
SettleClosing Price For The Day
ChangeChange From Previous Day’s Trading Price
VolumeNumber Of Contracts Traded During The Day
Volume (Day)Number Of Contracts Traded On Specific Day
Open InterestCurrent Number Of Open Positions

 

Did we help you? Vote with a Crypto-Donation!
steemit

Visit on Steemit!

Support us on Steemit!

bitcoinlgoo

Donate Bitcoin

141FSmuHkMSZVsQQtE9GHSPyj6gAonqqWR

bitcoinlgoo

Donate Dash

Xr4fdtP78Mh3gnVwAUjjuZRCq3kubaHZ5o

bitcoinlgoo

Donate Litecoin

LcrxGsshB2j9SddnZNdLfYMsDqAtw3Dr9v

bitcoinlgoo

Donate Iota

LXIVNBVHRYBOHRWNGMBNHOYMT9GBEFTPQMKDUZUYYHGMPXOOEYETMUQZXWXCGWBMTFERLW9LMCKNUDCKAMDOQCNDNZ

bitcoinlgoo

Visit on D.Tube!

Support us on D.Tube!

bitcoinlgoo

Donate Bitcoin Cash

14NCVeGCZfHf7tiy9N2Yz1mrBNi9m2mQ4S

bitcoinlgoo

Donate Ethereum

0xAF7d66B09F34833Ccec1Ed9e4D356D40c09698e5

bitcoinlgoo

Donate Ripple

raiZ2rCXLeBTUh2A4voKALZpMxQ88KxZxm

bitcoinlgoo

Donate Monero

42byh9AjzB3XXRptSeSfzAGC588HRZgVXAGMay6yYKjjAHinUxdQkxw3Ay1XcziXV86XY57aRqG5kGnJ8LFWmSjmAnUEnYh

International Economic Analysis:

  • Major Currency Economic Summaries
  • Performance of Major Imports and Exports
  • Mandates of Central Banks versus Expectations
  • Performance Indexes of Major Economies
  • Economically Correlated Currency Projections
  • Large Funds Currency Sentiment Readings
  • List of Technical Indicators to Look For
  • Occasional: Foregin Exchange Technicals Markups

American Markets Analysis:

  • Summaries of American Economic Structure
  • Performance of Major
  • Imports/Exports
  • Federal Reserve Mandate versus Expectations
  • Performance Indexes of U.S Economy
  • Economically Correlated U.S Dollar Projections
  • Large Trading Fund Index Sentiment Readings
  • Market Wide Earnings Versus Valuations
  • Fundamental Ranking of U.S Business Sectors
  • Best and Worst Future Consensus Estimates
  • Occasional: Firm Fundamental Strength Report
  • List of Technicals to Look for While Trading

Storefront

Investment and Finance, Serviced by Amazon

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

WealthCE FX + Equity Analysis

Major 8 Economic Summaries
Economic Performance Index
Currency Market Sentiment
Equity Index Market Sentiment
Sector Strength Tracking
Equity EPS/PEG Estimates
Fundamental Firm Analysis
Trend Following Trading Plans

Robinhood is a SEC, FINRA, & SIPC member brokerage that lets you to buy and sell U.S. stocks/ETFS with ZERO commission. Sign up and get a free stock!

coinbase

Coinbase is a digital brokerage specializing in currencies. They allow you to trade US Dollars and Euros for Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

coinbase

MyFxChoice is a regulated brokerage offering 200:1 Leverage on Foreign Exchange, Gold, and Silver. They offer 33:1 on Crude oils and up to 50:1 on equity indices like the FTSE100, DAX30, S&P500, and Nikkei.

Forex Tester 3 is a technical analysis back testing and simulated trading platform that serves as a testing platform for trading strategies.

Ledger Nano S - The secure hardware wallet

Sponsored Content