Resistance Broken + Gap Fill

In addition to the technicals... Iran has been hit harder than most countries by COVID-19 and its economy is creaking under merciless U.S. sanctions. With nowhere else to turn, the Iranian President, Hassan Rouhani has been forced to cede ground to hardliners. And these hardliners are determined to force Trump into a long and costly war.

Just last week, missiles were fired at a U.S. oil project in Iraq.

Then, earlier this week, a group of unidentified armed men, believed to be Iranian commandos, seized a Hong Kong-flagged tanker and escorted it into Iranian waters.

We’re long LNG PT $42 short-term is conservative.