The front-Dec EUA price has been close to the €100/t mark before, but never crossed it, until today 21 February 2023. The EUA Dec-23 contract has been in a strong bullish trend since mid-February and over the last days there seemed to be strong appetite to challenge the €100/t mark. We see the recent move and the push above €100/t coming without large changes to the fundamentals and seems more technically driven.
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