Monday, September 5, 2011

Opening Bell

Friday was relatively slow day on carbon market. In the first half of the day, the price barely changed. It seemed like most of the traders were waiting for US job and payroll data. And they came rather bad; however markets didn’t seem to pay any attention to them.

Today is the Labor Day Holiday in the US - which should result in lower liquidity on the markets. Difficult to judge if those in Europe will take advantage of it and which way the markets would go.

We have shortened the market on the break below 12.60 EUR (12.59 EUR) with a SL at 13.00 EUR.

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