EMEA > Euro Markets: Prices drop below “formidable” technical support as participants look for signs of rally

Euro Markets: Prices drop below “formidable” technical support as participants look for signs of rally

Published 17:24 on December 5, 2023  /  Last updated at 14:10 on December 6, 2023  / /  EMEA, EU ETS, UK ETS

European carbon came under more pressure on Tuesday, falling below a "formidable" technical support to a new 13-month low as sellers continued to dominate, causing some traders to wonder whether there is a bullish short-term scenario, while energy markets fell for a second day as weather remained mild and renewables output was healthy.
European carbon came under more pressure on Tuesday, falling below a "formidable" technical support to a new 13-month low as sellers continued to dominate, causing some traders to wonder whether there is a bullish short-term scenario, while energy markets fell for a second day as weather remained mild and renewables output was healthy.


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