Carbon Emissions - 4 Hourly

Carbon emissions currently trading at ?74.33. Resistance sits at ?75.00 which corresponds with the 20-day moving average.

From a technical outlook, the commodity is currently trading at €74.33, with the red 100-day moving average acting as major support at €72.70. A break below this support level could see the price slide towards the €70-€71 price range. Towards the upside, the €74.30 resistance was broken and the major resistance sits at the green 20-day moving average (€75.00). A break above the major resistance could see the price climb towards the 50-moving day average (€77.00). MACD is heading towards the positive stance and RSI just turned neutral as it reads 45.