#UKAs closed the day up £1.40 following the UK government decision not to intervene in the market
The gains came despite #EUAs and the wider energy complex spending most of the day under pressure and ensured the UKA premium over EUAs widened towards €9
More in our #DailyRed
#EUAs open the week 30c above Friday's close. Will the bulls hold above the long-term trendline this week?
▶ We'll analyse last week's price action & the outlook for #UKETS 🇬🇧 & #EUETS 🇪🇺 in today's #WeeklyRED https://zcu.io/8XhO #OCTT
#EUAs have held above the long-term trendline, painting a bullish picture in the short-term. However, failure to hold onto intra-day gains suggest there is plenty of selling interest out there.
We'll analyse this week's price action in Monday's #WeeklyRED http://zcu.io/8XhO