EMEA > Euro Markets: EUAs jump to two-month high amid short-covering triggered by gas surge

Euro Markets: EUAs jump to two-month high amid short-covering triggered by gas surge

Published 17:08 on March 25, 2024  /  Last updated at 17:08 on March 25, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon allowances jumped sharply on Monday after prices began the day in close alignment with strong gains in natural gas, leading the front-December EUA contract to reach its highest in two months and breach long-standing technical resistance levels.
European carbon allowances jumped sharply on Monday after prices began the day in close alignment with strong gains in natural gas, leading the front-December EUA contract to reach its highest in two months and breach long-standing technical resistance levels.


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