Updates from Northland Energy Trading

  • Market News 3/15/2021
    Petroleum futures were trading in the red in the overnight session on Monday amid strength in the US dollar, despite supportive economic data releases from China and Japan and gains in European shares and in US stock market index futures. Market participants awaited... Read more

  • Market News 3/12/2021
    Petroleum futures were trading mixed near the unchanged mark in the overnight session on Friday with weakness in European equities and in US stock market index futures, as well as strength in the US dollar, likely weighing on the price action. Market participants awaited... Read more

  • Energy Report 3/11/2021
    ULSD futures rose 2.2% in an upside session (higher high, higher low) – consistent with our bullish bias which we maintain. Slow stochastics are neutral, while the RSI is overbought. The MACD looks set to cross and become bullish, along with moving averages and candlesticks. We continue to see nearby... Read more

  • Market News 3/11/2021
    Crude oil and refined products were seeing further, modest gains in the overnight session on Thursday amid weakness in the US dollar and strength in US stock market index futures. Trade in European shares was more mixed. Market participants were looking ahead to... Read more

  • Energy Report 3/10/2021
    ULSD futures rose 0.5% today but did so in a downside session – somewhat consistent with our bullish bias. The RSI is neutral now, along with candlesticks and the MACD, while slow stochastics point... Read more

  • Market News 3/10/2021
    Petroleum futures were trading in the black in the overnight session on Wednesday despite bearish US crude oil inventory data from the American Petroleum Institute (API), strength in the US dollar, and mixed trade in European shares and in US stock market index futures. Market participants awaited... Read more

  • Energy Report 3/5/2021
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  • Propane News & Numbers 3/5/2021
    Mt. Belvieu and Conway propane prices turned back higher on Thursday amid a rally in crude futures. Brent and WTI crude oil futures both shot... Read more

  • Market News 3/5/2021
    Petroleum futures were seeing gains of over two percent in the overnight session on Friday amid a bullish revision to Goldman Sachs' Brent crude price forecast, despite strength in the US dollar index and mixed trade in European shares and in US stock market index futures. Reuters reports that... Read more

  • Energy Report 3/4/2021
    ULSD futures added 3.3% in an upside session (higher high, higher low) with bulls taking out the 9-day ma ($1.8613) resistance level along the way. Slow stochastics have crossed bullishly in neutral territory and the RSI and candlesticks are... Read more