CARP - EU MTS likely to run to EU 35

Incredible bull run of last few days has to correct which is what it has started to do. Sep 19th futures contracts may put a little bearish pressure. Then anticipation of Carbon FWD annual conference will move prices up again prior to correction when Germany indicates in late Oct what they intend to do regarding Coal power station abatement. Then final push up as mkt anticipates new EU MTS regime in 2019. By Jan 2019 most of price rises will be priced in and if reaches EU 35 or CARP 2300 then holders of credits will start to sell since risk of holding will be too high given uncertainty about coal abatement and investors taking profits.

Current price of 1585 will prob correct to c.1525 then push up as ideas above and chart suggests.