> For the complete documentation index, see [llms.txt](https://docs.javsphere.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.javsphere.com/products/leveragex/trader/assets/commodities.md).

# Commodities

## Market Times <a href="#market-times" id="market-times"></a>

Commodities markets do not operate continuously and are open according to specific hours, typically referenced in GMT (Greenwich Mean Time).

<table><thead><tr><th width="179">Day of the week</th><th>Market Open / Close</th></tr></thead><tbody><tr><td>Monday</td><td>Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)</td></tr><tr><td>Tuesday</td><td>Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)</td></tr><tr><td>Wednesday</td><td>Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)</td></tr><tr><td>Thursday</td><td>Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)</td></tr><tr><td>Friday</td><td>Open until 9 PM (DST) or 10 PM (DST)</td></tr><tr><td>Saturday</td><td>Closed all day</td></tr><tr><td>Sunday</td><td>Open from 10 PM (DST) or 11 PM (DST)</td></tr></tbody></table>

Additionally, there are the following **holidays** where market are closed:

January 1, 2025 – New Year’s Day
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January 20, 2025 – Martin Luther King Jr. Day
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February 17, 2025 – Presidents’ Day
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April 18, 2025 – Good Friday
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May 26, 2025 – Memorial Day
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June 19, 2025 – Juneteenth National Independence Day
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July 4, 2025 – Independence Day
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September 1, 2025 – Labor Day
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November 27, 2025 – Thanksgiving Day
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December 25, 2025 – Christmas Day

## Gaps <a href="#gaps" id="gaps"></a>

The price of commodities can change while the market is closed, leading to gaps when the market reopens at a different price than its previous close. This can significantly affect your trades:

* Risk of Liquidation: A gap in the opposite direction of your position can lead to liquidation.
* Potential Gains: Gaps can also work to your advantage, potentially leading to higher-than-expected profits.

Due to this, LeverageX cannot guarantee stop losses for commodities, and caution is advised when keeping positions open during market closures.

## Reduced Leverage/Increased Spread <a href="#reduced-leverage-increased-spread" id="reduced-leverage-increased-spread"></a>

During specific conditions, LeverageX adjusts leverage and spread settings temporarily:

* Major USD News Events: From 1 hour before to 10 minutes after the event.
* Market Closures: Starting 30 minutes before the market closes.

## How LeverageX Calculates Prices

LeverageX utilizes data from [Pyth.network](https://pyth.network) to determine the price of all commodities pairs. Pyth.network is a decentralized oracle network that aggregates high-fidelity market data from over 70 leading financial institutions, including exchanges, market makers, and proprietary trading firms. By leveraging Pyth.network, LeverageX ensures accurate, real-time pricing, providing traders with a reliable and transparent trading experience.