CwO future: the future's opening price of the week
CwO future stands for current week open, future: the first price of the main future — for example ES or FDAX — when its trading week starts. Many traders split the week into "above the open" and "below the open", and price often comes back to test it. Basics draws the line on futures (main, mini, micro, nano) as it is, and converts it to the right price on CFD and index charts. It is switched off by default; this page explains what it shows and how to switch it on.
On this page
Sunday 18:00 · futures week opens
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- 1Sunday 4 October, 18:00 — the futures week opens. ES's first price, 7,781.50, is CwO future for the whole week. Last week's last price was 7,776.50, five points lower.
- 2Monday 06:30 — overnight ES slips under the line, to the low of the week: 7,760.25.
- 3Monday 10:00 — after the stock market opens ES climbs back to the line, dips to 7,781 — half a point under it — and runs to 7,811 in the same half hour.
- 4Tuesday 11:00 — the high of the week: 7,897.50, 116 points above the open.
- 5Thursday 13:00 — a sharp drop from 7,850 stops at 7,783, 1.5 points above the week's open. Last week's last price, 7,776.50, is not reached.
- 616:30 — ES ends the day at 7,822.50, 40 points above the low.
Part of Basics
Free TradingView indicator with all session, week and month levels for index, futures and CFD charts.
Install Basics (free) →What the week's opening price of a future is
Index futures trade almost around the clock, in trading weeks that start before the stock market opens on Monday. The first traded price of that week is the week's opening price — the open of the weekly candle on a futures chart:
| US index futures (ES, NQ, YM, RTY) | Sunday 18:00 New York time |
|---|---|
| DAX future (FDAX) | Monday morning, when futures trading starts |
For the other markets Basics uses the start of that future's own trading week. If the market is closed on Monday, the first day that does trade counts.
The week's open or last week's last price?
Last week's last price is its own line, PwC future. The two are often close: between them is only the weekend gap. When something happened over the weekend the gap can be large, and then the two lines mark different levels. In the example above they were five points apart — and Thursday's drop stopped at the week's open, not at last week's last price.
Why traders watch it
- Above or below the open. Whether price trades above or below the week's open is a quick read of who is in control this week: a weekly candle closes up or down depending on which side of this price the week ends.
- A level price comes back to. After a move away, the week's open often acts as support from above or resistance from below — sometimes to the point.
- Not a wall. When price crosses it and stays on the other side, the week has changed direction; the line then often works the other way round.
How Basics shows it
CwO future is drawn on every supported chart — futures (main, mini, micro, nano), CFDs and the index itself. On a mini, micro or nano future, for example MES or FDXS, you see the main future's opening price (ES or FDAX), the same level as traders on the big contract; on a CFD or index chart it is converted with the current cash-future difference.
| Default look | Dark green, dashed, width 2 |
|---|---|
| Label on the chart | CwO future (renamable) |
| Switched on by default | No |
| Value | The main future's first traded price of the week |
| Price on your chart | Futures (main, mini, micro, nano): the main future's price as it is. CFD and index charts: converted with the current cash-future difference |
| Where the line starts | At the start of the week's first futures session; it runs through the rest of the week |
| Timeframes | Charts from 1 minute up to the daily chart, on seconds charts too, unless the level needs more history than the chart loads; not on weekly or monthly charts |
| Markets | Nasdaq-100, S&P 500, Dow, Russell 2000, DAX, FTSE 100 and AEX — all tickers |
| Lookback | 1 — this week only (up to 20 weeks) |
The same line on a CFD
Click the chart to enlarge it.
Why don't I see the line?
- It is switched off.CwO future is off by default. Check the box under Futures levels and the master switch Show all objects in 'Futures levels' group in the indicator settings.
- You are on a timeframe without it.The line is drawn on charts from 1 minute up to the daily chart.
- Price is far away from it.Lines are hidden while the level is more than 5 % from the current price, so they don't squeeze the chart. You can change this under General → Level visibility range.
- Your ticker is not recognised.See the supported tickers — and if yours is missing, let me know: requests are very welcome.
What you can change
In the indicator settings (the gear icon next to Basics on your chart), under Futures levels:
| Show / hide | CwO future checkbox · Futures levels |
|---|---|
| Colour, width, style | Any colour · width 1–5 · solid, dashed or dotted |
| Label text | Default CwO future |
| Lookback | 1–20 weeks (default 1: this week only) |
| Label size, line end, visibility range | Shared with all lines · General |
Charts and defaults on this page: Basics v11.72.8 · updated 21 October 2026.
Frequently asked questions
When does the futures week start?
For ES, NQ, YM and RTY on Sunday at 18:00 New York time; for FDAX on Monday morning, when futures trading starts. The first traded price at that moment is CwO future.
What is the difference between CwO future and PwC future?
CwO future is the first price of this week, PwC future the last price of last week. The difference between them is the weekend gap; see the week's open or last week's last price.
Why don't I see CwO future?
It is switched off by default. Switch it on under Futures levels in the indicator settings.
Does it work on MES or MNQ?
Yes. On a micro you see the main future's opening price of the week (ES or NQ), the same level as on the big contract.
Does it work on a US500 or GER40 CFD?
Yes. On a CFD the future's opening price is converted with the current cash-future difference.
Related levels
See the week's open on your own chart
Basics is free on TradingView. Add it to any supported chart — for example ES or FDXM — and switch on CwO future under Futures levels.