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[/B] I view calendar spreads ONLY as a temporary hedge... 90% of the ballgame is the SIZE of the June spread... I trade stocks with decent spreads ($0.03-$0.05) all day long... So I know exactly how much of the spread I capture. And dabbling in Forex/futures... I cannot believe how...

If you've watched the spread you must have seen that the back CL spreads are not ammenable to typical scalping (you will have to let it go through you for a bit as bone pointed out) and the front spread is not ammenable to market making. From my experience (not so much- 4 years) the only way I...

Yes even not during the inventories. When crude gets trashed quickly the front spread usually gets hit hard as well. This usually happens a few times a day- take a look at the charts. Many times mean reversion will work, but how much pain can you endure watching it?

Even with member rates its a bad idea in the crude spreads. (I've tried it) Bone is absolutely correct- at some points you get sustained order flow and you'll get destroyed (especially if you are trading size)

HDD? The Nat Gas spread looks like its consolidating. You think the roll is gonna knock it further negative? I've never traded the ICE GASOIL crack (I use regular TT not pro so I'm not signed up for the ICE). Is it still scalpable? How much volume trades a day? Thanks for your help!

Thanks for the quick reply. I know about the contango (although the crude spreads made a nice move up on the close to settle somewhere around -260) but that doesnt explain the phenomenon of the cracks. And the fact that refinery demand is slowly droppping YOY doesnt account for the sudden (as of...

What platform do you use to trade ercot? Is there enough volume on any of the OTC contracts for scalping or is it really only for longer term positions?

Any ideas why the cracks have lost touch with reality? The bid/ask spread has jumped to almost 10 ticks and its paper thin. Its like since this whole WTI/Brent debacle noone cares about the products. We are trading the march gas crack and less than 5000 contracts have traded today?! Any thoughts...