Updates from Northland Energy Trading

  • Market News 5/24/2021
    Petroleum futures were seeing gains of over one percent in the overnight session on Monday amid a supportive note on global crude oil prices from Goldman Sachs and gains in European equities and in US stock market index futures, as well as weakness in the US dollar. It was a... Read more

  • Market News 5/19/2021
    Petroleum futures were seeing losses of over one and a half percent in the overnight session on Wednesday amid a continued rise in coronavirus cases in Asia, unsupportive US crude oil inventory data from the American Petroleum Institute (API), losses in European equities and... Read more

  • Energy Report 5/18/2021
    ULSD futures edged down 0.2% today in an average-volume outside session (higher high, lower low). Bears tried for the 9-day ma ($2.0313) at the lows, but we settled well off of those lows and above nearby $2.0462 support. We continue to look... Read more

  • Market News 5/18/2021
    Petroleum futures were seeing modest gains of under 0.5% as of this writing in the overnight session on Tuesday, on course for a third session higher. The gains came amid strength in... Read more

  • Energy Report 5/17/2021
    NYMEX HO futures rose 1.2% today in an upside session, taking out nearby $2.0462 resistance with average volume behind the move. The RSI is neutral and slow stochastics remain bearish, both other indicators point higher. We'll... Read more

  • Market News 5/17/2021
    Petroleum futures were trading slightly in the red in the overnight session on Monday amid losses in European shares and in US stock market index futures, despite weakness in the US dollar and news that some European countries have started to... Read more

  • Market News 5/14/2021
    Petroleum futures were trading in the black in the overnight session on Friday, after yesterday’s heavy losses, amid gains in European equities and in US stock market index futures, as well as weakness in the US dollar, despite news that Colonial Pipeline has restarted its entire pipeline system and has begun deliveries in all... Read more

  • Energy Report 5/13/2021
    ULSD futures dropped 3.3% in a downside session today with bears taking out $2.0462 and 9-day ma ($2.0087) support along the way. These are now our nearby resistance levels, while $1.9695 and the 18-day ma ($1.9530) are expected to offer support. Slow stochastics and the RSI are now... Read more

  • Market News 5/13/2021
    Crude futures were seeing losses of over two percent in the overnight session on Thursday, ending a four-session gaining streak, amid weakness in... Read more

  • Energy Report 5/12/2021
    Bulls did take out the $2.0462 resistance level, which now becomes nearby support, followed by the 9-day ma ($2.0007), whereas $2.0810 (fresh multi-year high) and $2.1000 are our nearby resistance levels. RBOB futures rose 1.0% higher in an upside session today. Slow stochastics and candlesticks are neutral, while the RSI and the MACD point higher. We are going to keep our... Read more