Energy futures · NYMEX
MCLMicro WTI Crude Oil
One MCL tick is $0.01 per barrel, worth $1 per contract. One point is worth $100.
Contract specifications
| Specification | MCL |
|---|---|
| Contract | Micro WTI Crude Oil |
| Exchange | NYMEX |
| Contract size | 100 barrels of WTI crude oil |
| Minimum tick | $0.01 per barrel |
| Tick value | $1 |
| Point value | $100 |
One tenth of the standard crude contract: $1 a tick instead of $10.
Full-size contract: CL - Crude Oil (WTI), $10 per tick.
How much room a funded account gives you on MCL
Every Get Funded Now futures account has a 3% maximum drawdown. Divided by MCL's $1 tick, that is how far one contract can move against you before the account is breached. Trading your full position limit divides that room by the number of contracts.
| Account | Max drawdown | Ticks of room, 1 MCL | Max contracts | Ticks of room, max MCL |
|---|---|---|---|---|
| $25,000 | $750 | 750 | 2 | 375 |
| $50,000 | $1,500 | 1,500 | 4 | 375 |
| $75,000 | $2,250 | 2,250 | 5 | 450 |
| $100,000 | $3,000 | 3,000 | 6 | 500 |
| $150,000 | $4,500 | 4,500 | 9 | 500 |
Size a trade from your stop with the futures position size calculator, or see how end-of-day trailing drawdown works.
Specifications are set by the exchange and are published here for reference. Check the futures rules for the instruments available on your account.
Questions
What is the tick value of MCL?
One MCL tick ($0.01 per barrel) is worth $1 per contract.
How much is one point on MCL?
A full one-point move is worth $100 per contract.
What does one MCL contract represent?
100 barrels of WTI crude oil, traded on NYMEX.
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