EMEA > Euro Markets: EUAs drop below key support, setting stage for further sell-off as speculators add to bearish bets

Euro Markets: EUAs drop below key support, setting stage for further sell-off as speculators add to bearish bets

Published 17:15 on October 25, 2023  /  Last updated at 17:46 on October 25, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices again reversed early gains on Wednesday and fell to a three-week low below a key support level, as positioning data showed that speculative investors had increased their bearish bets last week, while energy markets were mixed as participants waited for further developments in Gaza to provide signals on potential supply risk from the region.
European carbon prices again reversed early gains on Wednesday and fell to a three-week low below a key support level, as positioning data showed that speculative investors had increased their bearish bets last week, while energy markets were mixed as participants waited for further developments in Gaza to provide signals on potential supply risk from the region.


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