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Totally agree. CL used to be my highest volume market by far but it's been terrible the past 3-4 years...too much HFT for sustainable moves and the slippage has gotten ridiculous. Just my two cents...

http://www.reuters.com/article/2013/03/11/commodities-wallstreet-revenues-idUSL3N0C32UI20130311?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews&rpc=43

Sure. Investment Banks were forced to get rid of their proporietary commodity trading desks, thus an enormous amount of the "real" volume/big players have been forced out. This was the best case scenerio for HFT's/Algos because now they are not competing with flow, they are merely sweeping the...

Agreed. As long at VIX stays at or near these levels, daytrading is going to be very difficult. I would start thinking about devising a longer-term strategy (longer-term in trading terms, meaning days not intra-day). CL has become more of a mean-reversion trade since the ban on bank prop...

It will get there, to hit stops at least, but the tickle algos have throw in some 30-40 tick order-flow hunting before they commit to forcing it down. Wasn't enough flow to drive it through the first time here, so they're pulling their offers and bidding it up to take your positions...

Anyone else notice this total correlation flip between ES and CL? ES making highs and CL feels like it still wants to go lower...haven't seen that for a while.

So....I guess we have found fair value at 9280? Geesh

No kidding. CL has been terrible this year. I think if $98 hits again sometime this week a strong breakout to $103-105 is follows.