EMEA > Euro Markets: EUAs erase five days of losses as short-covering pushes market through technical levels

Euro Markets: EUAs erase five days of losses as short-covering pushes market through technical levels

Published 17:15 on October 23, 2024  /  Last updated at 17:26 on October 23, 2024  / /  EMEA, EU ETS, UK ETS

European carbon allowances erased the last five days' losses after a steep mid-morning rally on Wednesday was triggered by closing out of short positions that helped prices breach technical resistance levels, as the weekly Commitment of Traders data showed investment funds had only marginally added to their bearish bets.
European carbon allowances erased the last five days' losses after a steep mid-morning rally on Wednesday was triggered by closing out of short positions that helped prices breach technical resistance levels, as the weekly Commitment of Traders data showed investment funds had only marginally added to their bearish bets.


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