* EUAs soften with financials playing technical game
* Traders look to macro-economic news for direction
LONDON, Sept 2 European carbon emissions futures
softened slightly on Wednesday amid very low volume, with
financial players selling at a resistance level of 14.80 euros a
tonne, traders said.
EU Allowances (EUAs) CFI2Zc1 were down 3 cents or 0.20
percent at 14.76 euros a tonne at 0715 GMT, with volume at 370
"Volume is dull. The market is playing a technical game
expecting global macro news. As for the power side, gas is
cheaper than coal for the next year so I don't even open my gas
and power prices anymore," an emissions trader said.
Traders said utilities were absent from the market and
financial players were selling EUAs to make profit when levels
reached 14.80 euros.
U.S. oil CLc1 edged above $68 a barrel, after industry
data showed a sharp fall in U.S. crude stocks, boosting hopes of
a demand rebound in the world's top energy user. [O/R]
Traders said the market will be watching U.S. economic data
due later -- August unemployment figures and July factory orders
-- for signs of the U.S. economy's gradual pace of recovery.
U.N.-backed certified emissions reductions (CERs) CEREZc1
were slow to trade.
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(Reporting by Nina Chestney; Editing by Keiron Henderson)