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nat gas fundamentals are strong and theres a severe shortage in inventory for europe. demand is expected to inc y/y. oil has moved up like 15% since iran crisis rose and their fundamentals is weakest its been since covid. yet nat gas is not moving and is near 1 yr low due to some temporary near term temperature related demand issue. closure or disruption of hormuz is likely since thats irans only move to pressure us when us and israel attacks. and they have plenty of military power to do this. russia even did drill w iran recently in hormuz that partially closed the strait. russia would benefit from higher energy prices to fund their war and would welcome the closure. tho china may not be happy about it, but if its to stick it to trump, they may be fine w it. iran couldnt care less about other countries. non commercial and managed fund mms are massively short. are they just manipulating it to keep it down for mother of all short squeezes over a weekend to trap all retail shorts? or is there some other reason im not seeing? submitted by /u/thefoodiedentist [link] [comments]