Updates from Northland Energy Trading

  • Energy Report 4/6/2021
    ULSD futures added 1.2% in a thinly-traded inside session (lower high, but also a higher low), settling in the bottom half of the range and below nearby 50-day ma resistance ($1.8001), doing nothing to push us off of the sidelines. Trade remains volatile but... Read more

  • Market News 4/6/2021
    Petroleum futures were seeing modest strength in the overnight session on Tuesday, following losses of three percent and higher in the previous session, amid further weakness in the US dollar index, strength in European shares, and tensions in Iraq, despite... Read more

  • Energy Report 4/5/2021
    ULSD futures trade remains highly volatile but mostly sideways now for the past eleven sessions, with trade capped above by $1.8330 (23.6% retracement of the Great Recession) and below by the recent low of $1.7295. Bears took out the... Read more

  • Market News 4/5/2021
    Petroleum futures were seeing losses of over two percent in the overnight session on Monday despite strength in European equities and in US stock market index futures, as well as weakness in the US dollar. It was a quiet morning on the economic calendar, with market participants looking... Read more

  • Market News 4/1/2021
    Petroleum futures were seeing modest strength in the overnight session on Thursday amid mostly higher trade in global equities, ahead of the OPEC+ meeting. Market participants were also looking ahead to... Read more

  • Market News 3/31/2021
    Crude futures were trading flat to lower, while products were seeing gains, in the overnight session on Wednesday with mostly higher trade in US stock market index futures and weakness in the US dollar likely supporting, whereas bearish US crude oil inventory data from the American Petroleum Institute (API) and an... Read more

  • Energy Report 3/30/2021
    ULSD futures shed 1.1% in a thinly-traded inside session (lower high, higher low), printing a hammer-shaped candlestick. We fall back to the... Read more

  • Market News 3/20/2021
    Crude oil and refined products futures were seeing losses of over one percent as of this writing in the overnight session on Tuesday, with a continued rally in the US dollar and the resumption of maritime traffic along the Suez Canal, as well as lockdowns in Europe likely... Read more

  • Energy Report 3/29/2021
    ULSD futures settled virtually unchanged today, printing a Doji star in very thin trade. We continue to favor... Read more

  • Propane News & Numbers 3/29/2021
    Crude futures rallied on Friday, with both Brent and WTI posting gains of over four percent amid concerns that refloating the Ever Given, stuck in the Suez Canal, could take weeks, as well as with strength in European and US shares. Mt. Belvieu TET propane prices rose 2.2% (1.87 cents) to 89.25c/g and Conway prices gained 1.4% (1.13 cents), reaching 81.38c/g. Natural gas futures went the other direction, edging... Read more