Updates from Northland Energy Trading

  • Energy Report 3/19/2021
    ULSD futures took a trip south early on to test 50-day ma support ($1.7551), failing, and recovering to settle below nearby $1.8330 resistance, in the upper portion of the daily range. We saw... Read more

  • Market News 3/19/2021
    Petroleum futures were trading flat to higher in the overnight session on Monday, after yesterday’s sell-off, amid flat-to-higher trade in US stock market index futures and a bullish revision to Goldman Sachs’ Brent crude price forecast, despite... Read more

  • Energy Report 3/18/2021
    ULSD futures dropped 6.4% in a high-volume downside session today – consistent with our bearish bias. Bears took out the 18-day ma ($1.8929) and $1.8330 support levels, and now we look to... Read more

  • Market News 3/18/2021
    Crude oil and refined products futures were mixed and little changed as of this writing in the overnight session on Thursday. The US dollar index was rising, which is unsupportive for crude, as was flat to lower trade in US stock market index futures, whereas European shares were trading mostly higher. Market participants were looking... Read more

  • Energy Report 3/17/2021
    ULSD futures fell 1.4% in a downside session with bears taking out 9-day ma ($1.9327) support and testing but failing to take out the 18-day ma ($1.8973). Slow stochastics and the RSI point... Read more

  • Market News 3/17/2021
    The complex was falling further in the overnight session on Wednesday, which would be a fourth session lower for crude oil and a third session lower for products, amid strength in the US dollar, weakness in European equities and in US stock market index futures, as well as... Read more

  • Energy Report 3/16/2021
    NYMEX HO futures lost ground in a thinly-traded downside session today, settling just north of nearby support at the 9-day ma ($1.9311). Although bears did not manage to take out... Read more

  • Propane News & Numbers 3/16/2021
    Mt. Belvieu and Conway propane prices rallied on Monday, showing independent strength as crude futures edged lower and NYMEX natural gas futures... Read more

  • Market News 3/16/2021
    Crude futures looked set to extend their slide to a third session, with losses of over one percent as of this writing in the overnight session, amid fears over the coronavirus situation in Europe and some weakness in US shares, despite weakness in the US dollar index and strength in Asian and European equities. Market participants looked ahead to... Read more

  • Energy Report 3/15/2021
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