Commodities

Market Times

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

Day of the week	Market Open / Close
Monday	Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)
Tuesday	Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)
Wednesday	Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)
Thursday	Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)
Friday	Open until 9 PM (DST) or 10 PM (DST)
Saturday	Closed all day
Sunday	Open from 10 PM (DST) or 11 PM (DST)

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

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

Gaps

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

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 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.