Updates from Northland Energy Trading

  • Market News 2/25/2021
    futures were seeing mixed trade near the unchanged mark in the overnight session on Thursday, with an upward oil price forecast revision by Barclays, stronger than expected European economic data, weakness in the US dollar index, and... Read more

  • Energy Report 2/24/2021
    ULSD futures rose 2.0% in a low-volume upside session today – hitting a fresh high of $1.9089. Slow stochastics look set to cross back into overbought territory and the RSI is still overbought, while the MACD, major averages, and candlesticks point... Read more

  • Energy Report 2/23/2021
    ULSD futures gapped higher and went on to hit a fresh high of $1.8914 and to also threaten $1.8330 support at the lows, printing a Doji star with very long wicks - indicating... Read more

  • Market News 2/23/2021
    Petroleum futures looked set to rise for a second session, although gains were slim at under one percent in the overnight session on Tuesday. A bullish note and oil price forecast revision from Morgan Stanley, as well as slow-to-return shale output following the Texas freeze were... Read more

  • Energy Report 2/22/2021
    Crude futures turned higher today, following two sessions lower, with weakness in the US dollar index likely providing some support, despite mostly lower... Read more

  • Market News 2/22/2021
    Crude futures were seeing gains of around 1% and crack spreads were narrowing as ULSD and RBOB futures were seeing small losses in the overnight session on Monday, with weakness in... Read more

  • Energy Report 2/18/2021
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  • Energy Report 2/17/2021
    ULSD futures added 1.3% in an upside session (higher high, higher low) – consistent with our bullish bias which we... Read more

  • Market News 2/17/2021
    Petroleum futures were seeing gains of over 1.5% in the overnight session on Wednesday amid news that production shutdowns in Texas could last for several days, if not weeks, despite flat-to-lower trade in European equities and in US stock market index futures, as well as strength in the US dollar. Market participants looked ahead to... Read more

  • Energy Report 2/16/2021
    Petroleum futures settled higher today amid production shutdowns in Texas and mostly higher trade in US equities, despite losses in European shares and gains in the US dollar index. Reuters reported that a deep freeze in Texas has left around 4.3 million people without power and has caused about... Read more