EUA Dec-24 contract flirting with EUR 70/t
The EUA Dec-24 contract started the week (Monday 18 November) pushing the price to EUR 70/t, a level last seen on 3 September. With the bullish momentum gaining a further test of this psychological level and a possible bullish breakout above EUR 70/t can be on the cards.
After an opening in red on Monday 18 November the bellwether contract gained bullish momentum after the EUA auction cleared with a 11-cent premium to the secondary market price. The upward move pushed the price above the EUR 68.80/t level, a level which su...
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