CLQ7 expiry: July 20, 2027

When CLQ7 stops trading

Trading terminates 3 business days prior to the 25th calendar day of the month prior to the contract month. If the 25th is not a business day, trading terminates 3 business days prior to the last business day preceding the 25th. For CLQ7 that falls on July 20, 2027.

Senzoukria stops offering CLQ7 as the default contract on July 16, 2027, 4 calendar days before that last trading day, and keeps it selectable with a badge. The date is computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date that falls next to a public holiday can be one day off the exchange calendar. Check the exchange calendar when the date sits close to a holiday.

When the volume actually leaves

Energy contracts expire monthly, so the roll is a routine of every month rather than every quarter. Volume leaves the expiring month several sessions before its last trading day, and the spread between the two months widens as it does.

For CLQ7 the next listed delivery is CLU7, whose last trading day is August 20, 2027. That is the contract the volume moves into, just as it moved out of CLN7 on June 18, 2027.

What one tick is worth on CLQ7

The minimum price fluctuation is 0.01, which is $10.00 per contract on a multiplier of 1000. A full point is therefore $1,000.00. On a footprint chart one row is one tick, so the same vertical space holds a different number of rows depending on the product: a tick of 0.01 sets how finely the bid and ask volume of CL can be read.

These are the values the app itself trades on, taken from its contract table rather than retyped, so the P&L shown on a CLQ7 position and the rows of its footprint come from the same numbers.

Every CL delivery listed in 2027

CL lists 12 delivery months a year (F, G, H, J, K, M, N, Q, U, V, X, Z). CLQ7 is number 8 of 12 in 2027.

CLQ7 and MCLQ7 side by side

CL and MCL track the same underlying, but CL is 10 times the size of MCL: $10.00 a tick against $1.00. Both quote on the same 0.01 tick. CLQ7 and MCLQ7 share the same last trading day, July 20, 2027, so a position in either rolls on the same date.

The practical difference is position sizing rather than behaviour. MCL lets a 10-contract position carry the same exposure as one CL, which makes partial exits possible on a small account; CL carries the deeper book, so its footprint and its depth of market are the ones to read even when the position is held in MCL.