France Calls on EU for Urgent Action to Lower Energy Prices

Brent fell 3.35% in the last 24 hours to 95.96, with RSI at 39.5 confirming weak momentum. MACD is below the signal line and the price is trading below the 20-day SMA (97.51) and 50-day SMA (99.69); the technical outlook is bearish in the short term. France's call for the EU to lower energy prices could create expectations of weakening demand, putting additional selling pressure on oil. However, since the news does not yet include a concrete policy step, the impact may be limited. In the 1-3 day horizon, the downward trend is prominent, but the support zone around $95 could trigger buying interest.

France's call for urgent EU action to lower energy prices is creating expectations of regulatory intervention that could reduce natural gas demand, posing a slight downside risk for NATGAS. Technical indicators are already weak: the price is below the 20- and 50-day moving averages, the RSI at 37 is weak but not oversold, and the MACD is in negative territory and below its signal line. The 24-hour change of -2.85% confirms selling pressure. As it is uncertain whether the news will translate into a concrete policy decision, the impact may be limited; therefore, confidence is moderate at 0.55. In the short term, support at 2.80 is critical; if breached, the decline could accelerate, but if the news flow reverses, buying interest may emerge.