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Wow! EU allowances (EUAs) end the week a massive €3 (14%) up, in a week of massive volatility and price rises in both carbon and the wider energy markets.

Lower auction volume is a bullish factor, but energy prices and the Brexit debate will also have a big say in the direction of EU Allowance prices this week, says Louis Redshaw.

Fewer auctions of EU Allowances this week should support the EU Allowance price, but continuing Brexit uncertainty is likely to keep any gains in check, says Louis Redshaw.

Further large swings in the price of EU Allowances (EUAs) are possible this week, in particular due to the Brexit vote(s), but higher auction volumes will help accommodate strong compliance buying, says Louis Redshaw.

Last week witnessed a huge bounce for carbon, as EU allowances (EUAs) closed the week up nearly 18%.

The bears are out in force and a further fall in the EUA price is likely, says Louis Redshaw.

Further falls for EU Allowance prices look likely, despite lower auction volumes, unless generation spreads improve or gas prices stop dropping, says Louis Redshaw.

An increase in auction supply will pose a test of demand for EU Allowances this week, but the weather could also have an influence, says Louis Redshaw.