EMEA > Euro Markets: EUAs rise most in two months amid technical buying and firm energy as funds boost short positions

Euro Markets: EUAs rise most in two months amid technical buying and firm energy as funds boost short positions

Published 17:22 on July 24, 2024  /  Last updated at 00:17 on July 25, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices posted their biggest daily increase in two months as traders pursued the technical rally that started on Monday and also compensated for the lack of a daily auction, while the weekly Commitment of Traders data showed a sizeable increase in speculative short positions, underpinning the gains as participants looked to test bearish conviction.
European carbon prices posted their biggest daily increase in two months as traders pursued the technical rally that started on Monday and also compensated for the lack of a daily auction, while the weekly Commitment of Traders data showed a sizeable increase in speculative short positions, underpinning the gains as participants looked to test bearish conviction.


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