CL Redux

Barchart Opinion














Crude Oil WTI December 2012 (CLZ12)

Contract Specifications
Symbol CL
Name Crude Oil West Texas Intermediate (CL)
Exchange NYMEX
Trading Months January, February, March, April, May, June, July, August, September, October, November, December (F, G, H, J, K, M, N, Q, U, V, X, Z)
Trading Unit 1,000 U.S. barrels (42,000 gallons)
Tick Size 1 cent per barrel ($10.00 per contract)
Daily Limit $10.00 per barrel ($10,000 per contract)
Trading Hours 8:00a.m. - 1:30p.m. (Globex 5:00p.m. - 4:15p.m. (Sun-Thur)) CST
Last Trading Day Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month
 
Quote from Visaria:

December expires tomorrow
More...

Not really. The Dec contract expires next Wednesday. It just so happens that the Jan/13 contract volume is now over-taking the Dec/ 12 volume. Gradual rollover by the big boys has begun. You can usually tell when it establishes a tight range going into the pit close ie: yesterday. Everyone wants a orderly move from Dec to Jan with a consistent low spread between bid and ask on both contracts.
 
also says last day 11 /20,take out thursday thanksgiving and that 3 days prior to the 25th,and its the 20th, 20th must be settlement date
 
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