Venture Global to Supply 1 Million Tons of LNG Annually to TotalEnergies and Vitol

The news is positive for TotalEnergies as it secures a long-term revenue stream through the LNG supply agreement. Technical indicators also support a short-term uptrend: the RSI at 65 is not yet in overbought territory, the MACD is above its signal line and positive, and the price is trading above both the 20-day and 50-day moving averages. However, after a 3.6% rise in the last 24 hours, the possibility of short-term profit-taking should not be ruled out.

The news creates a positive demand signal for the LNG sector, which includes SHEL. In technical indicators, the RSI is at 47.5, in neutral territory, while the MACD has started to rise above the signal line. Although the price closed above the 20-day moving average, it remains below the 50-day average. In the short term, an upward movement can be expected with the support of this news, but the 50-day average at the 86.60 level should be monitored as a resistance.

The news confirms BP as a key player in the LNG supply chain, which could positively impact the sector. Technically, the RSI at 51.8 is in neutral territory, while the MACD has started to rise above its signal line, indicating a short-term bullish signal. The price is above the 20-day moving average but below the 50-day moving average, suggesting recovery potential. The 1.2% gain in the last close supports momentum. However, due to the absence of volume data and the possibility of mixed market conditions, the bullish outlook remains limited with moderate confidence.