CL Close Time For Pivot

Discussion in 'Commodity Futures' started by morphtrade, Mar 24, 2010.

  1. What's the time used to mark close for calculating pivot points. I presume it would be 3.15 pm New York for CL as that's a minute marker for physical contract.

    Am I right?
  2. hmcp


    Try thiey have pivots for most contracts. They calculate from close of trading.

  3. I can calculate them myself but I just need to find what to take as a close price as CL futures trades all day.
  4. RedSun


    The official settle/close is at 2:30 PM EST. But some people use the entire trading day (Globex included), and some people don't.

    This is how trading software like CQG, eSignal work. You can use CLEK0, or CLAK0, or just CLK0....
  5. 2.30 gives the best backtest result for my startegy yet. last tick on day produces random results.
    I might try 3.15 which is minute marker.