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Carbon Emissions (EU ETS) has fallen around 4.5% today however still remain rangebound. Support below now sits at €77.52. A break below here could negate neutral or bullish bias. A recovery back up to the once trendline could be possible. Initial targets are €83.50 followed by €85.20. Carbon is reasonably priced at this level. RSI is also oversold on the 4 hourly timeframe and history would suggest some form of bounce here.
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