EMEA > Euro Markets: EUAs gain a further 5% on TTF gas surge, technicals

Euro Markets: EUAs gain a further 5% on TTF gas surge, technicals

Published 12:39 on October 10, 2024  /  Last updated at 16:56 on October 10, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices settled nearly 5% higher on Thursday, building on strong Wednesday gains, as they tracked a bullish, nervous TTF gas futures with participants highlighting a return to correlation between the two markets, which pushed the benchmark EUA contract past multiple key technical resistance levels.
European carbon prices settled nearly 5% higher on Thursday, building on strong Wednesday gains, as they tracked a bullish, nervous TTF gas futures with participants highlighting a return to correlation between the two markets, which pushed the benchmark EUA contract past multiple key technical resistance levels.


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