How do CME and CBOT calculate index futures daily settlement prices? I noticed sometimes the settlement prices are significantly higher than the prices traded near 4:15pm. Anyone knows why? How can we use such scenario to predict the next trading day trend? Thanks. - Clearpicks
Hello, The settlement prices on the e-mini indices are calculated based on the underlying big contract such as SP and NQ. Although you cannot really predict where the market is headed the next day based on this settlement price info alone there is a method called the Pivot Points which is offered free on our website that can assist you in determining the support & resistance for the next trading session. Please go here to sign up for free Pivot Points: http://www.globalfutures.com/webforms/pivots.asp Global Futures was founded in 1998 with the idea of bringing a superior level of customer service to the Futures and Commodities industry at a price that everyone can afford. Our technical support and trade desk is available to our clients when the futures markets open on Sunday afternoon and is staffed 24-hours a day until all futures markets close on Friday afternoon; as always access to these services is at no additional charge. Our team of experienced account executives and customer service representatives are always available to answer any question you may have. Global also proudly offers customer support in over 22 languages so that no matter who you are or where you are, we will be here when you need us. To apply for an account please go here: https://www.rcgdirect.com/acctforms Please be sure to enter âGF-Kevinâ in the Account Executive box.
Generally, The settlement price should be the midpoint of the final closing range. On the last trading day of the month, weird stuff can happen, usually to the upside. Keep an eye on this Friday to see what I mean.