Euro Markets: EUAs drop back after failing to establish above key resistance as funds build length

Published 17:08 on April 15, 2026 / Last updated at 17:43 on April 15, 2026 / / EMEA (Compliance Markets & Taxes, Europe)

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European carbon allowances gave up some of Tuesday's price gain after failing to make a convincing break above a key psychological and technical price area, even as weekly position data showed speculative traders beginning to rebuild long positions after the steep sell-off of the first quarter, while energy markets reflected a mixed outlook of rising hopes for peace talks as well as a tightening blockade of the Strait of Hormuz.
European carbon allowances gave up some of Tuesday's price gain after failing to make a convincing break above a key psychological and technical price area, even as weekly position data showed speculative traders beginning to rebuild long positions after the steep sell-off of the first quarter, while energy markets reflected a mixed outlook of rising hopes for peace talks as well as a tightening blockade of the Strait of Hormuz.


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