Expert Technical Analysis for Global Markets, Specialising in Energy
in EUA Carbon Emissions, European Gas/Carbon/Power, Technical Analysis, Trading
We have been waiting for a breakout in EUA Futures for a while now, with the daily chart forming a consolidation ‘Triangle’. Our Reports identified 74.74 as a key level to watch out for as a Fibonacci Retracement of the sell-off from 16th January to 19th March of this year.
As recently as Friday, the …
in EUA Carbon Emissions, European Gas/Carbon/Power, Technical Analysis, Trading, UKA Carbon Emissions
Here are some examples of our Fibonacci targets getting hit in the Carbon Markets over the past few weeks.
Here is an example of how it has panned out in the Carbon markets since our calls on these levels:
If …
in EUA Carbon Emissions, European Gas/Carbon/Power, Oil/Gas/Energy Trading, Technical Analysis, Trading
Following on from last week’s EUA Carbon Blog post, we saw weakness on Friday down to 71.25.
What did we say to clients in this morning’s report on the back of this? Here we go:
Candlestick Chart & Technical Analysis
•Short term Trend: Bearish