this may be the reason SXY is not going anywhere at the moment, but if you look at the forward spot price things will be moving in the next few months, as prices climb and we get over covid 19.
https://www.accc.gov.au/regulated-infrastructure/energy/gas-inquiry-2017-2025/lng-netback-price-series
https://www.reuters.com/article/global-lng/global-lng-asian-lng-prices-fall-below-2-per-mmbtu-as-spot-offers-flood-market-idUSL5N2CC6CQ
this may be the reason SXY is not going anywhere at the moment,...
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