05/10/2026
EUA Market Weekly Update | 5 October 2026
EUAs entered a short-term corrective phase, with both Spot and Dec-26 Futures coming under renewed selling pressure.
📉 Spot: €83.75 | -3.07% WoW
📉 Dec-26 Futures: €84.22 | -2.97% WoW
Key market signals:
• MACD momentum has turned bearish across both markets
• Prices are trading around/below the EMA20
• €83–€84 remains the key support zone
• A sustained break below this level could weaken the broader recovery
Market drivers:
🔹 EU ETS compliance buying has eased following the deadline
🔹 Proposed MSR reforms could weigh on allowance scarcity expectations
🔹 Energy-market developments remain important for the next EUA move
📊 Our view: The short-term outlook remains bearish-to-corrective, with €83–€84 the key zone to watch.