EU Market: EUAs break through technical resistance as markets react to Biden transition

Published 18:18 on November 24, 2020  /  Last updated at 18:18 on November 24, 2020  /  EMEA, EU ETS  /  No Comments

EU carbon allowances rose for the third straight session on Tuesday as bullish sentiment about a smooth transition of presidential power in the US lifted wider markets, with an upcoming supply drought also helping EUAs bust through a technical ceiling to notch their highest close in two months.

EU carbon allowances rose for the third straight session on Tuesday as bullish sentiment about a smooth transition of presidential power in the US lifted wider markets, with an upcoming supply drought also helping EUAs bust through a technical ceiling to notch their highest close in two months.

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