Updates from Northland Energy Trading

  • Market News 6/18/2021
    Petroleum futures were falling further in the overnight session on Friday amid losses in European shares and in US stock market index futures, as well as further strength in the US dollar, despite... Read more

  • Energy Report 6/17/2021
    We took a neutral/bearish stance yesterday and were rewarded as ULSD futures dropped 1.7% in a downside session (lower high, lower low). Bears took out the 18-day ma ($2.0920). Slow stochastics... Read more

  • Energy Report 6/16/2021
    ULSD futures fell 0.4% in a slight outside session (higher high, lower low) – somewhat consistent with our neutral bias. Slow stochastics and the RSI are bearish, along with candlesticks, while the MACD is neutral. We are going to take a... Read more

  • Market News 6/16/2021
    Crude futures were trading in the black while product futures were falling in the overnight session on Wednesday, indicating a further widening of crack spreads. Bullish US crude oil inventory data from the American Petroleum Institute (API) and... Read more

  • Energy Report 6/11/2021
    NYMEX ULSD (HO) futures fell 1.1% in a downside session today. Slow stochastics are bearish, falling from overbought territory, but the RSI remains more neutral. Meanwhile... Read more

  • Market News 6/11/2021
    Crude futures were seeing small gains while products were trading in the red in the overnight session on Friday, with gains in US stock market index futures and in European equities and a supportive note on global crude oil prices from Goldman Sachs likely supporting, while strength in the US dollar was... Read more

  • Market News 6/9/2021
    Petroleum futures were trading in the black in the overnight session on Wednesday amid weakness in the US dollar index, despite losses in European shares, mixed trade in US stock market index futures, and unsupportive US crude oil inventory data from the American Petroleum Institute (API). Market participants awaited... Read more

  • Energy Report 6/8/2021
    We stuck to our upside bias yesterday, and while things did not look good early on, ULSD prices recovered and we hit a new multi-year high of $2.1381, settling 0.9% higher in today's outside session. Nearby support at... Read more

  • Market News 6/8/2021
    Petroleum futures were falling further in the overnight session on Tuesday amid strength in the US dollar, despite gains in European shares and flat-to-higher trade in US stock market index futures. Market participants looked ahead to... Read more

  • Energy Report 6/7/2021
    Today's high was also a fresh multi-year high of $2.1315, which becomes nearby resistance followed closely by $2.1415. We expect nearby support at the 9-day ma ($2.0776), followed by $2.0462. We remain... Read more