Euro Markets: EUAs extend losses while gas loses another 6% as traders weather “pain” of long positions

European carbon prices fell away to a new year-to-date low as the market was assailed by bouts of selling pressure inspired by volatility in front-month natural gas, which posted a loss of more than 6% for a second day, while weekly Commitment of Traders data showed speculative traders cut their net long position by more than 14% last week.