Carbon has held the 50 SMA well on the 4 hourly timeframe and could attempt to bounce higher.

Carbon has held the 50 SMA well on the 4 hourly timeframe and could attempt to bounce higher. If the 5 period-SMA fails to act as support, a drop towards €91 & then €88 in the medium term seems possible. MACD is negative but is trying to form a positive divergence with the RSI reading 45. Towards the upside, initial targets are 96.49, followed by 98.38 and then 100. Currently, the commodity just sits within the range of 88 and 100 providing good swing trade opportunities in either a long or short positioning. This is the EUs target for 2030 therefore the credits do have value at this level.