EUA Futures

Commodity · Monthly series · CM-ECF1.ICEENDEX

Latest, October 2026

89.19 EUR/TNE

+4.8% from September 2026

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133.569.054.57November 2016October 2027
History through October 2026, the forecast path to October 2027 (dashed) and its 80% interval (shaded).

Forecast

Forecast for October 2027: 91.57 EUR/TNE, with an 80% interval of 48.85 EUR/TNE to 133.52 EUR/TNE.

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
November 202689.52 EUR/TNE75.59 EUR/TNE102.66 EUR/TNE
December 202690.21 EUR/TNE74.49 EUR/TNE105.23 EUR/TNE
January 202790.61 EUR/TNE54.64 EUR/TNE124.21 EUR/TNE
February 202790.91 EUR/TNE50.57 EUR/TNE129.35 EUR/TNE
March 202791.13 EUR/TNE49.58 EUR/TNE130.66 EUR/TNE
April 202791.47 EUR/TNE59.10 EUR/TNE122.06 EUR/TNE
May 202791.38 EUR/TNE68.75 EUR/TNE113.05 EUR/TNE
June 202791.49 EUR/TNE63.31 EUR/TNE118.76 EUR/TNE
July 202791.45 EUR/TNE62.24 EUR/TNE119.63 EUR/TNE
August 202791.53 EUR/TNE49.26 EUR/TNE132.70 EUR/TNE
September 202791.44 EUR/TNE54.10 EUR/TNE127.96 EUR/TNE
October 202791.57 EUR/TNE48.85 EUR/TNE133.52 EUR/TNE

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-14.

AI confidence

Mixed evidence

The tests show no consistent, material advantage over the no-change baseline.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive
-5%Matches the no-change baseline over 12 tests (12 tests, 3 won)
Direction
35%No clear edge over a coin flip (50 of 144 calls right in 12 tests)
Turning points
14 of 51Anticipated some turns (51 turns in 12 tests, 0 without a turn)
Error vs baseline
5% higherError ratio 1.05; 1.00 is a tie.
Tests won
3 / 12Complete rolling backtests; ties count as no win.
Test period
2014-11-01 to 2026-10-0112 observations ahead per test.
80% band coverage
80%Observed outcomes inside the band across all stored test windows.
How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Replay past tests

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare four classes, subject to call budgets and retry limits.

Reading

It is above 96% of the 119 earlier readings since November 2016.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
October 202689.19 EUR/TNE
September 202685.09 EUR/TNE
August 202683.10 EUR/TNE
July 202681.26 EUR/TNE
June 202680.16 EUR/TNE
May 202680.63 EUR/TNE
April 202673.79 EUR/TNE
March 202672.51 EUR/TNE
February 202670.29 EUR/TNE
January 202681.26 EUR/TNE
December 202587.37 EUR/TNE
November 202583.26 EUR/TNE
October 202578.54 EUR/TNE
September 202575.72 EUR/TNE
August 202572.99 EUR/TNE
July 202572.66 EUR/TNE
June 202568.97 EUR/TNE
May 202570.41 EUR/TNE
April 202566.55 EUR/TNE
March 202567.98 EUR/TNE
February 202571.00 EUR/TNE
January 202583.93 EUR/TNE
December 202473.00 EUR/TNE
November 202468.40 EUR/TNE

Source

Data: public market data feeds.

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