Updates from Northland Energy Trading

  • Market News 2/9/2021
    Petroleum futures were seeing flat-to-lower trade near the unchanged mark in the overnight session on Tuesday, following a six-session rally in Brent and a four-session rally in WTI crude futures. Weakness in European shares and... Read more

  • Energy Report 2/8/2021
    ULSD futures climbed 2.0% higher today in an upside session, hitting a fresh high just below $1.7500 resistance. Volume was thin, and the RSI and slow stochastics are both... Read more

  • Market News 2/8/2021
    Brent crude futures looked set to extend their rally to a sixth session, and WTI futures to a fifth, with across-the-board gains of about one percent as of this writing in the overnight session on Monday. The gains came amid... Read more

  • Market News 2/5/2021
    WTI futures looked set to rise for a fourth session and Brent was looking to extend its rally to a fifth session today, as both were seeing gains of about one percent as of this writing in the overnight session on Friday. The gains came amid further... Read more

  • Energy Report 2/4/2021
    ULSD futures continued higher today, consistent with our directional bias. However, slow stochastics and the RSI are both now overbought, we printed a hammer-shaped candlestick, and we saw both a lower high and a lower low today, making it a downside... Read more

  • Market News 2/4/2021
    Brent crude looked set to rise for a fourth consecutive session and WTI, RBOB, and ULSD futures looked headed for a third session higher, as we were seeing modest across-the-board gains in the overnight session on Thursday. The gains came amid mostly higher trade in European shares and in US stock market index futures, despite a continued... Read more

  • Energy Report 2/3/2021
    NYMEX ULSD futures gapped higher, consistent with our upside bias and hitting a fresh multi-month high of $1.7050 before coming off to settle in bottom portion of the daily range, printing a shooting star. The RSI is deeply overbought, and slow stochastics look... Read more

  • Propane News & Numbers 2/3/2021
    The north-south spread reversed yesterday as Conway prices climbed yet higher, gaining 1.9% or 1.63 cents and reaching 88.63c/g. Meanwhile, Mt. Belvieu TET prices fell back 3.6% (3.13 cents) to 84.88c/g - a 3.75-cent discount to Conway. Conway prices moved in the same direction as crude futures yesterday, and gains were... Read more

  • Market News 2/3/2021
    Petroleum futures were strengthening in the overnight session on Wednesday, most for a third consecutive session, following bullish US crude oil and supportive products inventory data from the American Petroleum Institute (API) and further strength in global shares with encouraging economic data releases out of Europe. Market participants looked ahead to... Read more

  • Energy Report 2/2/2021
    The complex posted further gains today amid strength in global equities, despite strength in the US dollar index. Economic data out of the Eurozone were largely encouraging. The headline item - flash fourth quarter Eurozone GDP - came in at -0.7%, well above expectations calling for... Read more