Euro Markets: EUAs post late rally to unwind early losses after support emerges at technical level

European carbon prices surged at the end of Tuesday's session to erase nearly all of the day's earlier losses as the market found robust support at a key technical level, with EUAs appearing still to take its cues from volatile natural gas markets, while UK carbon permits sank to a new 11-week low as speculators continued to unwind long positions.