Carbon Emissions - 4 hourly

Carbon Emissions (EU ETS) looks like the perfect bullish set-up right now. Support below.

Technicals

From a technical aspect, Carbon has a somewhat strong bullish set-up. Risks do remain though. Support sits below at $82.50 followed by $80. RSI reads 44 with MACD turning positive setting up a bullish rally. Carbon has broken the down-trending triangle pattern and has come back to test support, where it looks to now push higher. Initial targets are $85.20 followed by $90.30.