The Dec10 EUA contract found support around €14.60 and encountered resistance close to its 50-day moving average at €15.05.. By contrast, CER prices were hit by news on 26 November that the CDM Executive Board will issue CERs to all but one of the HFC23 projects that had been subject to review. The issue of nearly 20 million CERs served to widen CER-EUA spreads to their widest points this year..
COP16 could shake markets
The week of 29 November to 3 December saw increased technical trading as expiry of both options and futures approached (on 15 and 20 December respectively).
9 December 2010 23:00 GMT
Updated
25 November 2012 15:17 GMT