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Investment Funds EU ETS Positioning Turns Bearish

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Investment funds positioning in EU ETS futures on the ICE exchange turned more bearish with net short positioning slightly increasing, after halting a six-week bearish trend from the previous week, latest COT data as of 17 July.

  • EUA DEC 24 down 0.5% at 67.63 EUR/MT
  • EU ETS Dec 24 has been relatively range-bound this week, with a rise in TTF price supporting the product yesterday, with lower EU ETS CAP3 auctions placing some downward pressure to limit any upside.
  • Investment Funds net short positionings increased by 626 to -18,113.
  • Investment Firm net short positioning decreased by 1,839 to -300,182.
  • Commercial Undertaking net long positionings decreased by 2,736 to 246,463.

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