EMEA > Euro Markets: EUAs break out of 11-day channel to test new technical resistance ahead of August supply cut

Euro Markets: EUAs break out of 11-day channel to test new technical resistance ahead of August supply cut

Published 17:21 on July 19, 2023  /  Last updated at 09:41 on July 20, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices broke out of the narrow range that they had moved in for 11 days on Wednesday afternoon, following sharply-higher natural gas due to French nuclear and North Sea gas outages and combined with what looks like early positioning ahead of the annual 50% cut in EUA auction supply.
European carbon prices broke out of the narrow range that they had moved in for 11 days on Wednesday afternoon, following sharply-higher natural gas due to French nuclear and North Sea gas outages and combined with what looks like early positioning ahead of the annual 50% cut in EUA auction supply.


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