EMEA > Euro Markets: Afternoon gas-driven rally on EUAs breaches key level, wipes out Monday’s losses

Euro Markets: Afternoon gas-driven rally on EUAs breaches key level, wipes out Monday’s losses

Published 17:15 on January 30, 2024  /  Last updated at 18:57 on January 30, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon allowances broke out of a relatively narrow range on Tuesday afternoon and breached a recent key level as gas prices jumped, after the market had earlier appeared to be seeking renewed direction, while some short-positioned speculative traders were thought to be quietly covering some of their positions.
European carbon allowances broke out of a relatively narrow range on Tuesday afternoon and breached a recent key level as gas prices jumped, after the market had earlier appeared to be seeking renewed direction, while some short-positioned speculative traders were thought to be quietly covering some of their positions.


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