EMEA > Euro Markets: EUAs drop through technical supports to eight-day low despite huge auction premium

Euro Markets: EUAs drop through technical supports to eight-day low despite huge auction premium

Published 17:41 on June 23, 2023  /  Last updated at 18:53 on June 23, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

EUA prices dropped through a key support level on Friday to reach an eight-day low and post a near-5% weekly loss, as traders shrugged aside the second largest-ever auction premium and fundamentals appeared to reassert themselves, while energy prices dropped for a third session after another slew of bearish macroeconomic news.
EUA prices dropped through a key support level on Friday to reach an eight-day low and post a near-5% weekly loss, as traders shrugged aside the second largest-ever auction premium and fundamentals appeared to reassert themselves, while energy prices dropped for a third session after another slew of bearish macroeconomic news.


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