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| MRCI's Howes Open Limit Table |
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A price at the limit of a tradable daily range,
once reached, becomes an objective which the market
will again test and ultimately exceed. While a more
complete explanation is available on our
Howe's Limit Rule page, the
table below, updated daily, lists active futures contracts
which have reached but not exceeded a limit price within
the last year. Each contract, its current settlement
price, and its change from the previous close are provided
along with those limit prices and the dates upon which
they were left hanging.
Historical limit studies are also available.
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Special Comments:
Natural Gas - Given the recent extreme volatility and the likelihood
for some degree of it to continue, we here quote NYMEX rules for
Maximum Daily Price Fluctuation in its futures (***as recently revised***):
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"$1.50 per MMBtu ($15,000 per contract) for the first two months.
Initial back-month limits of $0.30 (30 cents) per MMBtu rise to
$0.60 (60 cents) per MMBtu if the previous day's settlement price
in any back month is at the $0.30 (30-cent) limit. In the event of
a $0.75 (75-cent) per MMBtu move in either of the first two contract
months, limits on all months become $1.50 per MMBtu in all months
from the limit in place in the direction of the move."
Such complexity prohibits tracking Natural Gas in our daily report.
For more detailed market commentary regarding Howe's Limit Rule,
go to The MRCI Online Weekly Update.
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| Futures Hanging Limits Jul 30, 2010 |
| Market Info |
Up Limit |
Down Limit |
| Market |
Close |
Change |
Today |
Date |
Price |
Date |
Price |
| JOU0 |
146.60 |
+0.40 |
|
01/08/10 |
158.20 |
|
|
| JOF1 |
149.35 |
+0.40 |
|
01/08/10 |
159.95 |
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| JOH1 |
150.75 |
+0.35 |
|
01/08/10 |
164.95 |
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| JON1 |
153.95 |
+0.55 |
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01/08/10 |
166.30 |
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| SX1 |
999.00 |
+12.25 |
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08/21/08 |
1350.00 |
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| BOV0 |
40.14 |
+0.55 |
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08/21/08 |
59.45 |
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| BOZ0 |
40.55 |
+0.55 |
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08/21/08 |
59.45 |
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| BON1 |
41.44 |
+0.51 |
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08/21/08 |
59.45 |
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| PBQ0 |
103.500 |
unch |
LU |
07/30/10 |
106.500 |
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| PBG1 |
101.200 |
+0.700 |
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05/10/10 |
101.500 |
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| LHG1 |
76.550 |
+0.515 |
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08/19/09 |
60.500 |
| LBX0 |
211.6 |
+2.0 |
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06/23/10 |
187.2 |
| LBF1 |
228.9 |
+2.1 |
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06/23/10 |
211.0 |
| LBK1 |
246.0 |
unch |
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07/01/10
04/21/10 |
255.0
310.0 |
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| LBN1 |
256.0 |
unch |
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07/01/10 |
265.0 |
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