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Carbon Emissions - Chart Data IG
Carbon Emissions (EUETS) continue to form more of a base between $87-$90 and looks as though it may be breaking out of the support zone. Risk-on markets will help bouy this market higher however if markets turn lower of BoE or risk-off market sentiment, a further test of the trendline could be possible. Towards the upside $92 is the first line of resistance, followed by $95.23. RSI currently reads 45 with MACD negative, but turning higher suggests momentum to the upside could be picking up.
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