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Contango - Futures Price and the 'Bid for Storage'

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Report summary

The shape or time structure of the futures market is a powerful real time market signal that can complement fundamental supply/demand analysis and improve short term price forecast. The futures market discounts risk; the risk of supply shortages and the risk of high inventories and storage containment. Backward futures markets are consistent with a demand pull out of inventory while contango markets are consistent with a supply push into inventory.

What's included

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  • Document

    Contango - Futures Price and the 'Bid for Storage'

    PDF 519.24 KB

Table of contents

Tables and charts

This report includes 10 images and tables including:

Images

  • Example of Contango Storage Price Parities
  • WTI September 2014 to December 2014 M1-M4 Futures Shape
  • WTI - October Inventory Builds Pushed Curve into Contango
  • Strong Relationship Between WTI Price and Future's Shape
  • WTI Price
  • Contango - Futures Price and the 'Bid for Storage': Image 11
  • Contango - Futures Price and the 'Bid for Storage': Image 4
  • Contango - Futures Price and the 'Bid for Storage': Image 5
  • Contango - Futures Price and the 'Bid for Storage': Image 6
  • Contango - Futures Price and the 'Bid for Storage': Image 12

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