MCL Futures (Micro WTI): Tick Value, Expiries, Order Flow

MCL contract specifications

The contract unit is 100 barrels, quoted in U.S. dollars and cents per barrel. The minimum fluctuation is $0.01 per barrel, so one tick is worth $1 and a one-dollar move $100 per contract. It is cash-settled against the CL final settlement price of the corresponding month. Senzoukria's contract table holds the same tick and multiplier on the NYMEX venue code.

MCL last trading day and next contracts

Trading ends one business day before the last trading day of the Light Sweet Crude Oil (CL) contract for the same month.

Senzoukria's expiry engine gives MCL the same 25th-of-the-month rule as CL, so its picker lists the expiring MCL contract one business day after MCL has actually stopped trading. For MCLX6, the default moves to the next listed month on October 16, 2026 (4 calendar days before October 20, 2026), and MCLX6 stays selectable with its badge until that date.

For MCLF7 the CL date moves to December 21 because the 25th is Christmas Day, which puts MCL's last trading day on Friday, December 18, 2026.

MCL tick value and P&L arithmetic

• One tick = $0.01 × 100 = $1.
• 10 ticks ($0.10 per barrel) = $10 per contract.
• A $0.30 stop is 30 ticks: $30 per contract, $60 on 2 contracts.
• The same $0.30 on CL is $300 per contract.

Reading MCL order flow

With row resolution off, an MCL footprint has one row per $0.01 tick and prices carry 2 decimals. The fixed steps give 2 ticks = 0.02, 4 ticks = 0.04, 8 ticks = 0.08, 16 ticks = 0.16, 32 ticks = 0.32 dollars per barrel per row.

MCL covers 100 barrels, one tenth of CL, with the same one-cent tick worth $1. It is cash-settled to CL's settlement price, so no barrel changes hands, but it is still its own order book: an MCL footprint, delta or DOM shows MCL executions only.

Using MCL in Senzoukria

• Symbol picker on a Rithmic or Databento CME source: type MCL; on September 25, 2026 the listed contract is MCLX6 (November 2026), in the Energy family.
• Heatmap and DOM show that contract's book with NYMEX as the venue in the ladder header.
• Replay lists MCL in the Energy group. In the automatic backtest, set Point value ($) to 100, the value of a one-dollar move; the field defaults to 2.