Tuesday, September 6, 2011

Opening Bell

Most of the yesterday session, carbon was trading sideways without any excitement and proved to be much stronger than oil and equity markets. In this case, we decided to close our short position and look out for new signals.

This week there are few EUA auctions (by Gremany, Greece and the UK). It has been a while since the last auctions took place - so the outcome in terms of price and submitted volume (in bids) may shed a new light on the near term price development.

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