Carbon Emissions - 4 hourly

EU ETS (Carbon credits) looks to be forming a symmetrical triangle pattern.

Technicals

From a technical aspect EU ETS (Carbon Emissions) looks to be forming a bullish symmetrical triangle. A break out of this pattern at €84.90 could mean a move higher towards €87.09 followed by €88.42. If the triangle acts as resistance, then a fall back to the lower support at the €81.85/€82 region could be possible. RSI reads 56 suggesting a neutral stance with MACD slightly positive skewing the bias slightly bullish. risks remain with a break of €81.00 suggesting a bearish outlook.