Long
CARBON PRICE Long: Technical Target $228 - Powerful Uptrend
SUMMARY: Long, Carbon price is in a powerful uptrend, technical target is $228.
The price is above the 20 EMA and Gaussian Channel. - very bullish.
Recently broke upwards out of a falling wedge and the MACD just turned green for bullish moment.
As the price of Gas and Oil continue to increase, so will the price of Carbon Credits, there is a positive correlations.
Also, within the EU their is incentive to increase the tax on CO2 to force power generation the change to renewal technologies sooner.
The price is above the 20 EMA and Gaussian Channel. - very bullish.
Recently broke upwards out of a falling wedge and the MACD just turned green for bullish moment.
As the price of Gas and Oil continue to increase, so will the price of Carbon Credits, there is a positive correlations.
Also, within the EU their is incentive to increase the tax on CO2 to force power generation the change to renewal technologies sooner.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.