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Unit Move Table

The Unit Move Table presented here is a continuation of work done in our Futures Contract Specs table. It is intended to be used along side of our Futures Contract Specs table. Please read the detailed information below this Unit Move Table.

Grains
Contract Symbol Exchange Unit Move Unit Move Series Minimum Fluctation Minimum Fluctation Series
Bean Meal SM CBOT $100
168 169 170 171
.1 um = $10

168.0 168.1 168.2 ... 168.9 169.0

Bean Oil BO CBOT $600
23 24 25 26
.01 um = $6

26.40 26.41 26.42 ... 26.49 27.00

Canola RS WCE $20 CD
303 304 304 306
.1 um = $2

303.0 303.1 303.2 ...303.9 304.0

Corn C CBOT $50
252 253 254 255
1/4 um = $12.50

248 248 1/4 248 1/2 248 3/4 249

Oats O CBOT $50
184 185 186 187
1/4 um = $12.50

184 184 1/4 184 1/2 184 3/4 185

Rice RR CBOT $100
926 927 928 929
.1 um = $10

926.0 926.1 926.2 ... 926.9 927.0

Soybeans S CBOT $50
628 629 630 631
1/4 um = $12.50

628 628 1/2 628 1/2 628 3/4 629

Wheat (KC) KW KCBT $50
412 413 414 415
1/4 um = $12.50

412 412 1/4 412 1/2 412 3/4 413

Wheat (CBT) W CBOT $50
412 413 414 415
1/4 um = $12.50

412 412 1/4 412 1/2 412 3/4 413

Metals
Contract Symbol Exchange Unit Move Unit Move Series Minimum Fluctuation Minimum Fluctuation Series
Gold GC CMX $100 636 637 638 639
.1 um = $10

636.0 636.1 636.2 ... 636.9 637.0

Gold ZG CBOT $100 636 637 638 639
.1 um = $10

636.0 636.1 636.2 ... 636.9 637.0

Copper HG CMX $250 357 358 359 360
.05 um = $12.50

357.30 357.35 357.40 357.45 357.50

Palladium PA CMX $100 321 322 323 324
.05 um = $5

321.60 321.65 321.70 321.75 321.80

Platinum PL CMX $50 1234 1235 1236 1237
.1 um = $5

1234.0 1234.1 ... 1234.9 1235.0

Silver SI CMX $50 11.18 11.19 12.00 12.01
.001 um = $5

11.180 11.181 11.182 .. 11.189 11.190

Silver ZI CBOT $50 11.18 11.19 12.00 12.01
.001 um = $5

11.180 11.181 11.182 .. 11.189 11.190

Currencies
Contract Symbol Exchange Unit Move Unit Move Series Minimum Fluctuation Minimum Fluctuation Series
Australian Dollar AD CME $1000 .7400 .7500 .7600 .7700
.0001 um = $10

.7400 .7401 .7402 ... .7409 .7500

British Pound BP CME $625 1.82 1.83 1.84 1.85
.0001 um = $6.25

1.8210 1.8211 1.8212 ... 1.8219 1.2820

Canadian Dollar CD CME $1000 .8800 .8900 .9000 .9100
.0001 um = $10

.8840 .8841 .8842 ... 8849 .8850

Dollar Index DX NYBOT $1000 84 85 86 87
.01 um = $10

84.70 84.71 84.72 ... 84.79 84.70

Euro FX EC CME $1250 1.27 1.28 1.29 1.30
.0001 um = $12.50

1.2730 1.2731 1.2732 1.2739 1.2740

Japanese Yen JY CME $1250 .85 .86 .87 .88
.0001 um = $12.50

.8650 .8651 .8652 ... .8659 .8660

Mexican Peso MP CME $500 .090 .091 .092. 093
.000025 um = $12.50

.090400 .090425 .090450 .090475 .090500

Swiss Franc SF CME $1250 .81 .82 .83 .84
.0001 um = $12.50

.8130 .8131.8132 .8139 .8140

Financials
Contract Symbol Exchange Unit Move Unit Move Series Minimum Fluctuation Minimum Fluctuation Series
Eurodollars ED CME $2500 94 95 96 97
.005 um = $12.50

94.520 94.525 94.530 94.535 94.540

Big Dow DD CBOT $25 10835 10836 10837 10838
1 um = $25

10835 10836 10837 10838

NASDAQ 100 ND CME $100 1485 1486 1487 1488
.25 um = $25

1485.00 1485.25 1485.50 1485.75 1486.00

NYSE Composite YU CME $50 7980 7981 7982 7983
.50 um = $25

7980.0 7980.5 7981.0 7981.5 7982.0

Nikkei 225 NK CME $25 14540 14545 14550 14555
1 um = $25

14540 14545 14550 14555

Russell 2000 RL CME $500 686 687 688 689
.05 um = $25

686.00 686.05 686.10 ... 686.95 687.00

S&P 500 SP CME $250 1246 1247 1248 1249
.1 um = $25

1246.0 1246.1 1246.2 ... 1246.9 1246

T-Bonds US CBOT $1000 106 107 108 109
1/32 um = $31.50

107 107 1/32 107 2/32 ... 107 31/32 108

T-Notes TY CBOT $1000 104 105 106 107
1/32 um = $31.50

104 104 1/32 104 2/32 ... 104 31/32 105

Mini Value Line MV KCBT $100 1940 1941 1942 1943
.05 um = $5

1940.0 1940.05 1940.10... 1940.95 1941.0

Energies
Contract Symbol Exchange Unit Move Unit Move Series Minimum Fluctuation Minimum Fluctuation Series
Crude Oil CL NYM $1000 77 78 79 80
.01 um = $10

77.00 77.01 77.02 ... 77.09 77.10

Heating Oil HO NYM $420 2.14 2.15 2.16 2.17
.0001 = $4.20

2.1450 2.1451 2.1452 ... 2.1459 2.1460

Natural Gas NG NYM $10000 5 6 7 8 9
.001 = $10

5.340 5.341 5.342 ...5.349 5.350

Unleaded Gas HU NYM $420 2.14 2.15 2.16 2.17
.0001 = $4.20

2.1450 2.1451 2.1452 ... 2.1459 2.1460

Foods/Softs
Contract Symbol Exchange Unit Move Unit Move Series Minimum Fluctuation Minimum Fluctuation Series
Cocoa CC NYBOT $10 1497 1497 1499 1500
1 um = $10

1497 1497 1499 1500

Coffee KC NTBOT $375 97 98 99 100
.05 um = $18.75

97.20 97.25 97.30 97.35

Cotton CT NYBOT $500 57 58 59 60
.01 um = $5

57.60 57.61 57.62 ... 57.69 57.70

Lumber LB CME $110 279 280 281 282
.1 um = $11

279.0 279.1 279.2 ... 279.9 280.0

Orange Juice JO NTBOT $150 156 157 158 159
.05 um = $7.50

156.80 156.85 156.90 156.95 157.00

Sugar SB NYBOT $1120 14 15 16 17
.01 um = $11.20

15.80 15.81 15.82 ... 15.89 15.90

Meats
Contract Symbol Exchange Unit Move Unit Move Series Minimum Fluctuation Minimum Fluctuation Series
Feeder Cattle FC CME $500 112 113 114 115
.025 um = $12.50

114.100 114.125 114.150 114.175 114.200

Lean Hogs LH CME $400 67 68 69 70
.025 um = $10

58.600 58.625 58.650 58.675 58.700

Live Cattle LC CME $400 82 83 84 85
.025 um = $10

86.300 86.325 86.350 86.375 86.400

Pork Bellies PB CME $400 91 92 93 94
.025 um = $10

91.400 91.425 91.450 91.475 91.500

24-Hour Mini Markets
Contract Symbol Exchange Unit Move Unit Move Series Minimum Fluctuation Minimum Fluctuation Series
E-mini NASDAQ 100 NQ CME $20 1519 1520 1521 1522
.25 um = $5

1591.00 1591.25 1591.50 1591.75 1592.00

E-mini Russell 2000 ER CME $100 705 706 707 708
.1 um = $10

705.0 705.1 705.2 ... 705.9 706.0

E-mini S&P 500 ES CME $50 1245 1246 1247 1248
.25 um = $12.50

1245.00 1245.25 1245.50 1245.75 1246.00

E-mini Dow YM CBOT $5 11052 11053 11054 11055
1 um = $5

11052 11053 11054 11055

Mini Contracts
Contract Symbol Exchange Unit Move Unit Move Series Minimum Fluctuation Minimum Fluctuation Series
Corn Y2 CBOT $10 252 253 254 255
1/4 um = $2.50

248 248 1/4 248 1/2 248 3/4 249

Euro FX E7 CME $625 1.27 1.28 1.29 1.30
.0001 um = $6.25

1.2730 1.2731 1.2732 1.2739 1.2740

Gold YG CBOT $33.2 636 637 638 639
.1 um = $3.32

636.0 636.1 636.2 ... 636.9 637.0

Silver YI CBOT $10 11.18 11.19 12.00 12.01
.001 um = $1

11.180 11.181 11.182 ... 11.189 11.190

Soybeans YK CBOT $10 628 629 630 631
1/4 um = $2.50

628 628 1/4 628 1/2 628 3/4 629

T-Bonds YH CBOT $500 106 107 108 109
1/32 um = $15.625

107 107 1/32 107 2/32 107 ... 31/32 108

Wheat YW CBOT $10 412 413 414 415
1/4 um = $2.50

412 412 1/4 412 1/2 412 3/4 413

 

Unit Move and Minimum Fluctuation - Help Information

Traders have an intuitive feel for these terms, but precise definitions are scarce.  Most traders know that Corn moves as 252, 253, 254, 255, with the difference between the numbers being worth $50, or that Lean Hogs move as 67, 68, 69, 70, with the difference between the numbers being worth $400 or that Bonds move in $1000 increments.

However, it is not always so obvious.  Currencies and energy commodities have their major incremental move in the decimal part of the price.  The minimum fluctuation is also confusing, as it's either not given,
or given in ticks or other units.  In some cases, multiple ticks make up one minimum fluctuation!

Knowledge of the unit move and the minimum fluctuation is essential in trading.  They are needed to know the value of a move on a chart, to give trading orders with the correct price, to determine profit and loss and to determine profit and stop objectives.

The Unit Move Table presented here is a continuation of work done in our Futures Contract Specs table, and in our course "Power Order Trading Strategies".  Here are links to these two works:

http://www.tradingeducatorcom/resources/futures_contracts_specs.htm

www.tradingeducators.com/books.htm

The Unit Move Table is intended to be used along side of our Futures Contract Specs table.  There's a button at the top of this page that links to that table.

At TE we define the term "Unit Move" in our Contract Specs table, and in our "Power Order Trading Strategies" course  we present prices in a series of
increasing tick moves.

Among the units commonly used for ticks are pt, ct, oz, c/bu, thpt, nd (1/32), index pt and ct/lb/cts/ton.  What these units mean when looking at a chart or price quote is hard to know.  Because of this, and since multiple ticks can make up a minimum fluctuation, ticks are not used in the Unit Move Table.

Instead of ticks or the many different units used in the exchanges' contract specifications, only one unit will be used, we call it "unit move."  It is given the symbol "um".  The minimum fluctuation is defined as a
fraction the um.

These definitions are illustrated with two commodities: Corn and Hogs. Corn uses a fractional minimum fluctuation, Hogs uses a decimal.  Here are examples of both price series, showing the unit move and the
minimum fluctuation at work.

UNIT MOVE FOR CORN

265
   <-------- um of $50
266
   <-------- um of $50
267
   <-------- um of $50
268

MINIMUM FLUCTUATION FOR CORN

265
   <-------- min. fluctuation of 1/4 um = $12.50
265 1/4
   <-------- min. fluctuation of 1/4 um = $12.50
265 1/2
   <-------- min. fluctuation of 1/4 um = $12.50
265 3/4
   <-------- min. fluctuation of 1/4 um = $12.50
266

UNIT MOVE FOR HOGS

67
   <-------- um of $400
68
   <-------- um of $400
69
   <-------- um of $400
70

MINIMUM FLUCTUATION FOR HOGS

67.300
   <-------- min. fluctuation of .025 um = $10
67.325
   <-------- min. fluctuation of .025 um = $10
67.350
   <-------- min. fluctuation of .025 um = $10
67.375
   <-------- min. fluctuation of .025 um = $10
67.400   tableWorkaround2(2656)  

Here is how this information looks in the Unit Move Table:

Contract Symbol Exchange Unit Move Unit Move Series Minimum Fluctuation Minimum Fluctuation Series
Corn C CBOT $50 265,266,267,268 1/4 um=$12.50

265, 265 1/4, 265 1/2,  265 3/4, 266

Hogs LH CME $400 67,68,69,70  .025 um = $10

 67.300, 67.325, 67.350, 67.375, 67.400                                                                  

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