Euro Markets: EUAs drop through technical, psychological levels as speculators ramp up selling

Published 17:04 on July 8, 2024  /  Last updated at 17:34 on July 8, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices dropped by the most in three weeks on Monday as prices tumbled through a key level that had been supporting the market for almost a week, amid aggressive selling from speculative traders that also appeared to trigger a decline in natural gas and power, while UKAs plunged more than 2% as post-election profit-taking continued.
European carbon prices dropped by the most in three weeks on Monday as prices tumbled through a key level that had been supporting the market for almost a week, amid aggressive selling from speculative traders that also appeared to trigger a decline in natural gas and power, while UKAs plunged more than 2% as post-election profit-taking continued.


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