Updates from Northland Energy Trading

  • Market News 3/29/2021
    Petroleum futures were trading in the black in the overnight session on Monday amid gains in European shares, despite weakness in US stock market index futures, continued strength in... Read more

  • Energy Report 3/26/2021
    ULSD futures continued to see volatile, sideways trade, turning back higher and climbing 3.6% in an upside session today. Bulls took out... Read more

  • Market News 3/26/2021
    The complex was rebounding in the overnight session on Friday amid a continued blockage of the Suez Canal, which could take weeks to free, another attack by Houthi forces on Saudi Aramco facilities, as well as strength in European shares and in US stock market index futures, despite... Read more

  • Energy Report 3/25/2021
    ULSD futures lost 4.3% in a thin-volume downside session (lower low, lower high) – consistent with our bearish bias. Slow stochastics and the RSI are bearish, while the MACD and candlesticks are neutral. Bears took out the 50-day ma ($1.7723) support level, which is... Read more

  • Energy Report 3/24/2021
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  • Market News 3/24/2021
    Reuters reports that eight tug boats were attempting to free a 440-yard long container ship that ran aground in the Suez Canal after losing the ability to steer due to high winds and a dust storm. The ship was blocking vessels passing through one of the world’s most important waterways, according to... Read more

  • Energy Report 3/23/2021
    ULSD futures dropped 4.4% today in a downside session taking out nearby 50-day ma support ($1.7643, becomes nearby resistance) in the process and... Read more

  • Market News 3/23/2021
    The complex was seeing across the board losses of over 2.5 percent as of this writing in the overnight session on Tuesday amid weakness in equities with disappointing UK labor market data and after further doubt was cast on the US AstraZeneca trial data, as well as... Read more

  • Energy Report 3/22/2021
    The complex saw early weakness following news of tighter coronavirus-related restrictions in parts of England and Germany, but recovered later on, settling higher. Trade in equities and... Read more

  • Market News 3/22/2021
    Petroleum futures were trading in the red in the overnight session on Monday amid fresh lockdowns in Europe and mixed trade in European equities and in US stock market index futures. According to Reuters, Germany is set to extend its lockdown to a fifth month, after infection rates... Read more