Updates from Northland Energy Trading

  • Energy Report 7/9/2021
    ULSD futures strengthened 1.6% today in an upside session, taking out nearby resistance at the 9-day ma ($2.1305), but with thin trade behind the move. Slow stochastics look set to... Read more

  • Market News 7/9/2021
    futures were strengthening further in the overnight session on Friday amid some weakness in the US dollar and mostly higher trade in global shares. Gains in equities came despite... Read more

  • Energy Report 7/8/2021
    ULSD futures opened lower but rose intraday to settle 1.5% higher in a downside session – a possible retracement after a sell-off in the past two sessions. Slow stochastics and candlesticks are bearish, while the RSI points... Read more

  • Market News 7/8/2021
    Petroleum futures were seeing further losses in the overnight session on Thursday amid losses in US stock market index futures and in European equities, despite weakness in the US dollar and bullish US crude oil inventory data from the American Petroleum Institute (API). Market participants looked ahead to... Read more

  • Energy Report 6/29/2021
    ULSD futures edged down 0.2% today but in a downside session, fairly consistent with our flat-to-lower price view. We continue to expect nearby... Read more

  • Market News 6/28/2021
    Petroleum futures were trading mixed in the overnight session on Tuesday with gains in European shares likely supporting, while mixed trade in US stock market index futures and strength in the US dollar were likely weighing on the price action. Market participants looked ahead to... Read more

  • Market News 6/28/2021
    Crude oil and refined product futures were seeing small losses in the overnight session on Monday amid weakness in European and Asian shares and some slight strength in the US dollar, despite... Read more

  • Energy Report 6/23/2021
    ULSD futures saw a fresh multi-year high today at $2.1877 but fell intraday to settle in the bottom half of the range and 0.4% higher in an upside session – consistent with our bullish bias. Slow stochastics, the RSI, and candlesticks are bullish, while the MACD is... Read more

  • Market News 6/23/2021
    Petroleum futures were trading in the black in the overnight session on Wednesday amid bullish US crude oil inventory data from the American Petroleum Institute (API), despite news that the US may have agreed to remove all Trump-era sanctions on Iran’s oil and shipping sectors as part of a possible nuclear agreement. Reuters reports that... Read more

  • Market News 6/21/2021
    Petroleum futures were trading mixed this morning with weakness in the US dollar, gains in European shares and in US stock market index futures, and a pause in talks over the US-Iran nuclear deal likely supporting. It was a... Read more