Updates from Northland Energy Trading

  • Market News 10/5/2021
    WTI crude futures looked set to extend their rally to a fourth session, and Brent crude futures looked headed for a third consecutive gain this morning amid strength in equities following encouraging European economic data releases, despite strength in the US dollar. Market participants looked ahead to Canadian and US trade data, and to... Read more

  • Energy Report 10/4/2021
    ULSD futures rallied 2.3% in an upside session today, consistent with our directional bias and with bulls taking out nearby $2.4070 resistance. This becomes nearby support, followed by $2.2859, whereas we look to $2.4879 and then to $2.6000 for next resistance. The RSI and slow stochastics are both... Read more

  • Market News 10/4/2021
    Petroleum futures were trading mixed near the unchanged mark in the overnight session on Monday with weakness in the US dollar supporting, while flat-to-lower trade in European shares and losses in US stock market index futures likely weighed on the... Read more

  • Market Report 9/30/2021
    ULSD futures added 1.5% in an upside session (higher high, higher low) – consistent with our bullish bias which we... Read more

  • Market News 9/30/2021
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  • Market News 8/26/2021
    Petroleum futures were trading in the red in the overnight session on Thursday, after a three-session rally, amid losses in European shares and mixed trade in US stock market index futures, as well as strength in the US dollar. Also unsupportive for oil prices, Pemex has recovered 71kb/d of production after more than... Read more

  • Energy Report 8/25/2021
    ULSD futures continued higher today and added 2.5% in an upside session (higher high, higher low) with bulls taking out the 50-day ma ($2.1037) along the way. This now becomes... Read more

  • Market News 8/25/2021
    Petroleum futures were seeing further gains in the overnight session on Wednesday despite losses in US stock market index futures and strength in the US dollar, as well as unsupportive US crude oil inventory data from the... Read more

  • Market Report 7/26/2021
    NYMEX HO futures climbed 0.8% higher today, consistent with our directional bias and with bulls taking out nearby $2.1415 resistance in the process. There was average volume behind today's move, but we saw a lower low to go along with today's higher high, making it an ... Read more

  • Market News 7/26/2021
    Petroleum futures were trading in the red in the overnight session on Monday, after a four-session rally, with the continued spread of COVID-19 variants and losses in... Read more