EMEA > Euro Markets: EUAs drift towards key technical level as funds slash short positions

Euro Markets: EUAs drift towards key technical level as funds slash short positions

Published 17:33 on May 29, 2024  /  Last updated at 17:39 on May 29, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices drifted slightly on Wednesday and approached a key technical support as the market digested the latest Commitment of Traders data that showed investment funds had cut their net short to the lowest in seven months, while compliance companies also slashed their position.
European carbon prices drifted slightly on Wednesday and approached a key technical support as the market digested the latest Commitment of Traders data that showed investment funds had cut their net short to the lowest in seven months, while compliance companies also slashed their position.


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