Carbon Continues to hold support at around €85 with minor resistance above. MACD is now trending higher.

Carbon Emissions (EU ETS) continue to consolidate between €85 and €90 as it forms a basis below. Major support sits at $85 and a bring below here could take carbon back to €79.  Towards the upside resistance sits at €90.72, followed by €94. A break above here could take carbon back up to €100. MACD is trending higher with an RSI reading of 49.2 - tilting the bias towards the upside, that being said, risks do remain however as carbon is a risk on asset and moves with the general market.