The most recent Commitment of Traders (CoT) report published by the ICE platform this week, revealed that investment funds have increased their net long positions (long term-short term) to  33,3 million allowances from 31 million allowances in the previous week. 

Net long holdings rose for the first time in six weeks. However, bullish positioning remains at roughly half of the three-year high of 60.5 million allowances recorded at the beginning of February.

Data shows that, as of last Friday, speculative traders had slightly increased their long-term investments by 0,5 million allowances to a total of 82,3 million allowances. Notably, long positions have remained relatively stable throughout March, fluctuating around 82 million allowances

At the same time, funds reduced their short positions by 1.66 million allowances to 49 million allowances, indicating a slight increase in investor confidence regarding the likelihood of rising prices compared to the previous week.

Trading data once again confirmed the sentiment from ICE’s latest report. The EUA Dec’25 closed at €71.45 on Friday, up from €70.99 the previous week, marking its first weekly gain since January 31.