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Understanding Copper Contracts

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Category: Commodity

As a extremely versatile materials, copper can conduct electrical energy and is a crucial trace mineral in all residing things. It also possesses the power to destroy germs on contact. Copper is mined in massive open pits, and Chile and the U.S. have extensive reserves that might be exhausted throughout the next 50 years. The New York Mercantile Exchange (NYMEX), the place copper contracts are traded, states that copper is the third most generally used metal in the world.

Preliminary value limit, based upon the previous day's settlement price, is 20 cents per pound.

Two minutes after the two most energetic month's commerce on the limit, buying and selling in all months of futures and option will stop for a 15-minute period.

Trading can even stop if either of the 2 energetic months is bid on the higher limit or offered at the lower limit of two minutes with out trading. Trading won't stop if the limit is reached during the final 20 minutes of a day's trading.

If the limit is reached during the final half hour of trading, buying and selling will resume no later than 10 minutes before the conventional closing time.

When trading resumes after a cessation of buying and selling, the price limits might be expanded by increments of 100%.

Understanding Copper Contracts

Like each commodity, copper has its own ticker symbol, contract value and margin requirements. To successfully trade a commodity, you should pay attention to these key parts and understand tips on how to use them to calculate your potential income and loss.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or Tradewins.