Dislikedhi guys, i have two sweet crude futures in my list of instruments??...Ignored
i know nothing about futures too.
what i noticed in WHC/Broco MT4 notices/notifications (via the mailbox) that every crude oil futures contracts (CLX9, CLZ9 are example of contracts) expire specifically on the 2nd to the last Tuesday (the week that starts with the 20th day) every month (i am not sure about the time it expires on this day).
example, for August, the crude oil contract used is CLU9 & this contract expires on August25 (check your calendar to see this)
for September, CLV9 is used; expires on Sept.22
for Oct., CLX9 is used (until Oct.20, Tuesday)
for November, CLZ9 is used; expires on Nov.24
& so on....
so to answer your Q., CLX9 is used until Oct.20, which is tomorrow. mid-day/end of Oct.20, CLZ9 will probably take effect.
i think the contract expiries (time & day?) differ for every commodity/other traded futures.
btw, here's the code for every month (used in futures)
Month = Code
January = F
February= G
March = H
April = J
May = K
June = M
July = N
August = Q
Sept = U
Oct = V
Nov = X
Dec = Z
I'll let the futures traders here correct me, just in case.