Overview

A week where carbon largely moved sideways around the €75 level. Trading volumes remained moderate, with speculative activity contributing to intraday price swings. On Friday, however, the intraday volatility was both higher, and the day closed 2.54% higher than the opening of the day, with the week closing 1.50%higher. The market seemingly ignored a lot of the headlines from the Middle East, and are showing some bullish signals.

This week has already pushed through the €80 level, and the market is now on a 3-month high. The technicals are mixed of showing positive signals but with some warnings for overbought levels. Is geopolitics not mattering as much for the market anymore?