EMEA > Euro Markets: Dec-23s break upwards in afternoon rally as energy prices rebound, funds trim net short position

Euro Markets: Dec-23s break upwards in afternoon rally as energy prices rebound, funds trim net short position

Published 13:10 on October 4, 2023  /  Last updated at 17:45 on October 4, 2023  / Roy Manuell /  EMEA, EU ETS, UK ETS

EUA benchmark futures broke back above the €80/t mark on Wednesday as they rebounded 2.5% in tracking a bullish energy complex, while exchange data showed investment funds trimmed their net short position by 13%, and fundamentals continued to filter in bearish mid-term signals.
EUA benchmark futures broke back above the €80/t mark on Wednesday as they rebounded 2.5% in tracking a bullish energy complex, while exchange data showed investment funds trimmed their net short position by 13%, and fundamentals continued to filter in bearish mid-term signals.


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