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.