PsC future: the future's last price of the previous session
PsC future stands for previous session close, future: the last traded price of the main future — for example YM or FDAX — at the end of its previous trading session. Futures keep trading after the stock market closes, so this price usually differs from the closing price of the official index and can differ from the exchange's settlement price. Basics draws it on the main future itself and also on its mini, micro and nano contracts — always the main future's last price, not the smaller contract's own, which can differ through a spike in the thinner market. So with a small contract you trade the level of the real future. On CFDs such as US30 or GER40, which follow the index rather than the future, Basics converts that price with the current cash-future difference, so the line lands where it belongs on the CFD chart. This page explains what the line shows, how it differs from the other closes and how to adjust it.
On this page
17:00 · futures session ends
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- 1Wednesday 17:00 — YM's session ends. Its last price is 51,868, and the line starts where the session ended.
- 2Thursday 09:30 — at the stock market open YM spikes to 51,861, 7 points under the line, and turns: 250 points lower within 10 minutes, and down to 51,479 by 11:10.
- 312:15 — the rebound reaches 51,858, 10 points under the line, and fails again: YM falls back 190 points to 51,667.
Part of Basics
Free TradingView indicator with all session, week and month levels for index, futures and CFD charts.
Install Basics (free) →What the future's last price is
The stock market closes at 16:00 New York time, but US index futures keep trading until 17:00; after a one-hour break the next session starts at 18:00. The DAX future trades until 22:00 Berlin time, four and a half hours after Xetra closes. PsC future is the price where that futures session ended: the main future's last traded price before the session end (17:00 New York, 22:00 Berlin).
It is the futures market's own end-of-day price. Everything that happened after the stock market closed — earnings, news, the first reactions in the evening — is already in it.
Three different closes
For an index future there are three prices that can all be called "yesterday's close". Basics draws each as its own line:
| PsC future | The future's last traded price at the end of its session (this page) · pink, dashed |
|---|---|
| PsC index | The official close of the index itself at 16:00 New York / 17:30 Berlin, converted to your chart's price · pink, solid |
| PsS future | The settlement price: the official daily price the exchange sets to value open positions · pink, dotted |
The three are often close together, but not always. When news moves the market after the stock market close, the future's last price can be tens or even more than a hundred points away from the converted closing price of the index.
On mini, micro and nano futures and CFDs
On a mini, micro or nano future, for example MYM, Basics shows the last price of the main future (here YM) instead of the smaller contract's own, which can differ. So you see the same level as traders on the big contract. On a CFD — for example US30 or GER40 — which follows the index, the future's last price is converted with the current cash-future difference, so the line sits at the right price on the CFD chart.
How Basics shows it
PsC future is not only for futures traders. Basics also draws it on CFD and index charts, converted with the cash-future difference — on a CFD such as GER40, for example, the line sits at the CFD price that matches where FDAX closed.
| Default look | Pink, dashed, width 2 |
|---|---|
| Label on the chart | PsC future (renamable) |
| Switched on by default | Yes |
| Value | The main future's last traded price before the session end (17:00 New York for US futures, 22:00 Berlin for the DAX future, 21:00 London for the FTSE 100 future, 22:00 Amsterdam for the AEX future) — not the settlement |
| Where the line starts | At the end of the previous futures session |
| 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 |
| 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 |
| Lookback | 1 — the previous session only (up to 20 sessions, set in the indicator settings) |
First trading day of the week or month? Then the previous session close is also last week's or last month's close, and the label reads PsC/PwC future or PsC/PmC future — one line with all names instead of two lines on the same price.
The same close on other instruments
Click a chart to enlarge it.
Why don't I see the line?
- The label shows another name.On the first trading day of the week or month the line is labelled PsC/PwC future or PsC/PmC future.
- You are on a weekly or monthly chart, or a seconds chart.The line is drawn on charts from 1 minute up to the daily chart. On a seconds chart, a level that needs more history than the chart loads is hidden.
- 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.
- It is switched off.Check the PsC future box and the master switch Show all objects in 'Futures levels' group in the indicator settings.
- 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
Everything about the line can be adjusted in the indicator settings (the gear icon next to Basics on your chart), under Futures levels.
| Show / hide | PsC future checkbox · Futures levels |
|---|---|
| Colour, width, style | Any colour · width 1–5 · solid, dashed or dotted |
| Label text | Default PsC future |
| Lookback | 1–20 sessions (default 1: the previous session 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
Is the previous closing price of a future the same as its settlement price?
Not necessarily. The settlement price is the official daily price the exchange sets to value open positions; PsC future is the last traded price at the end of the session. They are often close, but not always the same. Basics draws the settlement as a separate line, PsS future.
Why is the closing price of ES different from that of the S&P 500?
ES trades at a premium or discount to the S&P 500 and keeps trading for an hour after the stock market closes. See three different closes and the PsC index page.
Which close does Basics use on a micro such as MES?
The last traded price of the main future — for example ES on MES, or FDAX on FDXS. A micro has its own, thinner order book, so its own last price can differ from the main future's — for example after a short spike. With the main future's level you trade the same level as traders on the big contract.
Does it work on a CFD?
Yes. On a CFD, for example US500 or UK100, Basics converts the future's last price with the current cash-future difference, so the line sits at the right price on the CFD chart.
Related levels
See PsC future on your own chart
Basics is free on TradingView. Add it to any supported chart — for example YM or a GER40 CFD — and the future's last price of the previous session appears without any setup.