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CARBON PRICE Long: Technical Target $228 - Powerful Uptrend

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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.

Penafian

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