KRBN falling wedgeKRBN breaking out of falling wedge pattern. But Carbon Credit's broken system making me reluctant to be 100% bullish
Key stats
About KraneShares Global Carbon Strategy ETF
Home page
Inception date
Jul 30, 2020
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Krane Funds Advisors LLC
Distributor
SEI Investments Distribution Co.
KRBN is the first US-listed ETF to provide access to the carbon allowances futures market. The fund tracks an index that provides exposure to cap-and-trade carbon allowances via futures. The index selects and weights contracts maturing in December of the next one to two years that meet minimum trading volume and dollar values, subject to limits. The index covers three major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA), and the Regional Greenhouse Gas Initiative (RGGI). The fund also utilizes a Cayman Island subsidiary and may hold ultra-short-term, investment-grade fixed income securities as necessary collateral. Rebalancing and reconstitution is done annually in November. Prior to March 19, 2021, KRBN was named KFA Global Carbon ETF. Also, prior to December 3, 2021, the fund was named KraneShares Global Carbon ETF and was actively managed.
Classification
What's in the fund
Exposure type
ETF
Mutual fund
Cash
Bonds, Cash & Other100.00%
ETF67.95%
Mutual fund21.58%
Cash10.47%
KRBN ETF : Holding more cash than actual carbon futuresKRBN tracks the global carbon allowances prices in Europe, the UK and the US which did really well in 2020-2021 albeit at high volatility.
However, as we entered 2022 KRBN price started to decline then now recovering slowly.
Somehow over the past year and till now in 2023, its holdings of cash an
2023: Carbon Credit BreakoutKRBN - KraneShares Global Carbon Strategy ETF*
Monthly, weekly, daily reclaim of RSI
Monthly, weekly, daily breakout of Donchian channel trend following system.
Drill baby, drill!Some basic Elliott Wave, and Retracement stuff.
Very interested in your feedback. Might get long at 618 retracement.
Not financial advice...
Carbon credit are a free trade ? Carbon allowance price feel like a free trade trade to me. $KRBN
They even say the price need to reach $147 per ton of CO2 to meet a 1.5°C "global warming limit". - kraneshares.com
Some even say that Carbon credit are the ultimate uncorrelated asset...
CARBON - THE TRADE OF A LIFETIME?This is not a long recommendation unless you are highly confident in your trading abilities and have the discipline to stop out and look for a better entry. For everyone else, waiting for a pullback to an area closer to the broader trend line is desirable. Always trade with an appropriate stop loss
carbon allow and emission futures ... a very bullish startcarbon allow and emission futures ... a very bullish start
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
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Summary
Neutral
SellBuy
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.