EMEA > Euro Markets: Carbon consolidates above key technical level before late rush of buying sets 5-day high

Euro Markets: Carbon consolidates above key technical level before late rush of buying sets 5-day high

Published 17:48 on May 9, 2023  /  Last updated at 18:42 on May 9, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

EUAs gained for a third straight day amid moderate volume on Tuesday as bulls steered the market away from the 200-day moving average before a late surge took prices to a five-day high, while energy prices resumed their steady declines as storage supplies continue to rise faster than historic trends.
EUAs gained for a third straight day amid moderate volume on Tuesday as bulls steered the market away from the 200-day moving average before a late surge took prices to a five-day high, while energy prices resumed their steady declines as storage supplies continue to rise faster than historic trends.


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