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Carbon Emissions - Daily

Carbon Emissions - Chart Data IG

By Minipip
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Carbon Continues to push higher with €100 in sight and support below

EU ETS (carbon emissions)  continues to push higher towards the 100. A move above this could take the market looking towards 102.00 and then 105. Carbon is a risk on market and can fall fast therefore positions need to be placed correctly. Towards the downside, support sits at 96.19 followed by 93.71. Carbon reads 67 on the RSI suggesting a higher price, but not overbought hence why a rally or move higher is still very viable. MACD is also strongly positive.

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