Limit (Up or Down)

What is Limit (Up or Down)?

Limit (Up or Down) meaning The maximum price advance or decline from the previous day’s settlement pricepermitted during one trading session, as fixed by the rules of an exchange. In some futures contracts, the limit may be expanded or removed during a trading session a specified period of time after the contract is locked limit. See Daily Price Limit.

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary

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