EMEA > Euro Markets: EUAs post modest drop in volatile trading as profit-taking and new shorts compete

Euro Markets: EUAs post modest drop in volatile trading as profit-taking and new shorts compete

Published 17:15 on March 7, 2024  /  Last updated at 17:27 on March 7, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices swung violently for a second day on Thursday as continued short covering sustained the market after a weak auction, pushing it above key technical resistance levels, before longer term shorts reasserted themselves in the afternoon and unwound the day's gains.
European carbon prices swung violently for a second day on Thursday as continued short covering sustained the market after a weak auction, pushing it above key technical resistance levels, before longer term shorts reasserted themselves in the afternoon and unwound the day's gains.


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