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End-of-(Withdrawal)-Season Storage Index


Last update: February 20, 2019, 6:42 EST
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Description

End of Withdrawal Season Storage Index (EOwS) chart shows the development of our forecasts for the end-of-season (EOS) storage inventory number (light orange curve). It also displays implied market expectations (ICE EIR-EIA End of Draw Index Future - bright orange curve) and the price of natural gas prompt month futures contract (NYMEX Henry Hub - bright blue curve). This year, the official end of withdrawal season is the week ending March 29, 2019.

Historical data is available from February 1, 2019.

The chart is interactive. You can click on any series in the legend to hide/show the data. You can also click on the chart and drag out a specific area you wish to zoom. Alternatively, use calendar filter to select a specific data range. Also, to print or download the chart, click on the "menu" button in the top right corner of the chart.

Update: every weekday + Sunday afternoon.

Source: New York Mercantile Exchange, Intercontinental Exchange, U.S. Energy Information Administration, Bluegold Research estimates and calculations

Traders' Note

EOwS storage index is a product of a complex, multi-parameter cycle model. It should be viewed as an indicator rather than as a forecast per se. The primary purpose of this index is to help traders ascertain the “adequacy” of natural gas price. For more information about EOS indices, please click here. Essentially, EOS index reflects possible "price anomalies". As a general rule, when our EOS inventory number is below market expectations (and trending down), price tends to increase; when our EOS inventory number is above market expectations (and trending up), price tends to fall. Please remember that EOS index is not the only factor influencing the price of natural gas. There are many other factors involved, including changes in the short-range weather models, force majeure events, seasonality and technical indicators.

Related Charts: Natural Gas Storage Inventory; EO(i)S Storage Index.

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