C-Wave for Uranium miners?it is possible, that we head lower into the 0.5-FIB region. URA still looks bullis and will resume the uptrend at some point.
URA trade ideas
Nov 3, 2024 Best Scenario for URA by Mid-LAte 2025 >2X Nov 3, 2024
Best Scenario for URA
by Mid-LAte 2025
Minimum Return 1:2 Ratio (Double your money)
The uranium industry forecast for 2025
indicates a tightening market with rising
prices, driven by growing nuclear energy demand and potential
supply constraints.
This environment is likely to benefit
uranium producers and drive
increased investment in exploration and production
URA eyes on $31.44: Major Support to hold for $37 final targetFollowup to my plot looking for $31 break (click).
URA broke above a major zone with ease.
Likely to be retested for possible late longs.
Or look for Break-n-Retest of zones above.
$ 31.43 - 31.66 is Major Support that must hold.
$ 34.37 - 34.55 is the proven immediate hurdle.
$ 36.26 - 37.07 is the final target for this wave.
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Previous Analysis:
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See "Related Publications" below for other Uranium stocks
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Uranium breakout $URA on MonthlyWe have a monthly ascending triangle that is above all EMAs and VWAPs. I am bullish and long on Uranium and think we'll see a breakout over 2025/2026.
1-2 1-2 setupLoving this 1-2 1-2 setup here for a long term BnH. The 6% yield is just gravy. Double bottom tested the 200 WMA (blue line) and expect said MA to trend long term w/ what is shown as the 1/4 Gann angle.
I'm adding on any pullbacks here for a long term core position.
Uranium miners versus spx.For my uranium bull friends...
Sorry to be the bearer of bad news.
But this has happened to #uranium #miners versus #spx.
Not something you see in a bull era.
URA - Uranium OpportunityURA completed the full projected drawdown from the inverted head and shoulders. Purple lines are fib confluences using Connies method. The composite index shows favorable momentum. Volatility weighted MACD has a signal crossover. And Martin Prings concept of total return (rate of change + dividend)/(3 month commercial paper) has a signal crossover.
Uranium has consistently maneuvered through Justin Mamis sentiment cycle. We appear to have recently seen an aversion stage.
This is still an aggressive area for an entry and commodities require patience at this point in the cycle.
AMEX:URA
ura uranium Uranium is looking amazing. #stockmarket #Investor #uranium #ura AMEX:URA #myart #technicalanalyst ura
Uranium X ETF break out - BullishA descending wedge in an uptrend has led to textbook breakout with Uranium X ETF ($URA)
Could be a retest though at 20.50
Weekly chart has been used
Head and shoulders top?#uranium stocks AMEX:URA ETF look like a distribution top, and has now traded for three days below weekly EMA30. Could be the "get out while you still can" moment.
If head and shoulders, measured move is around $24.
#u308
URA Riding the Tenken into a possible C-ClampI've been following the Uranium trade for a while now. I've seen comparisons to a slow moving crypto cycle. Even the personalities that follow it, trade it, talk about it have comparisons in being some larger than life personalities. It's been a fun own and follow for me.
I own a few individual companies, but of course there is correlation with the bigger companies and the large ETFs.
Taken a look at the Global X Uranium ETF here just to check and see how the market is tracking on a broader scale.
Still looking good on the cloud. Price riding the Tenken. It has opened up what I believe is a bearish C clamp to the Kijun. My thoughts are a healthy cool off before continuation. Fingers crossed. AMEX:URA
Uranium Miners have flat lined versus US Stocks.Uranium Miners have flat lined versus US Stocks.
When we get the next important move depends on how this resolves.
#ura #spx #uranium
Shorting URA: 1+ Year Trend Channel BreakoutMonitor URA for a breakdown below the lower boundary of its ascending trend channel. If the price breaks out of the trend channel downward, look for a subsequent bounce back to the $30 price range to test the resistance level. Upon confirmation of resistance at $30, consider entering a short trade using put options to capitalize on the expected downward movement. This strategy aims to take advantage of a failed recovery within the channel, signaling a potential shift in trend.
Members Daily Analysis June 17 Markets Ripped higher on Nasdaq strength.
Oil breaking out, watch yields from here!
NVDA did not participate in todays rally.
UVXY not making new lows while markets make new highs.
20 year auction: 1pm / TLT possible failed breakout.
KOLD profits secured +21%
COPX finding Support, Long Trade is Detailed This video shows COPX, the Copper Miners ETF, is coming down into potential support. The weekly chart clearly shows a prior Resistance price area that is now potential Support. The volume has been gang busters up through the Resistance Area. The Weekly RSI reading is still above the important 50 threshold so , overall the Trend is still more Bullish than Bearish. The exact buy and sell points have been shown as I will trade it, Thx!
uranium bull run in placeURA ETF is close to second level breakout
daily chart shows a breakout already.
monthly chart is at resistance but can move higher
in the next month. Cup and handle pattern
has formed on the monthly chart.
Electric cars will need to be charged and BYD is
going to overtake Toyota and Volkswagon in the next
decade.
While the empire was busy occupying,
China was quietly working to build its economy.
Now the world can have cheap electric cars which need
to be charged.
URANiUM: $24 | Demand for Power on the Risewith supply limited and regulated
investors in RADiOACTiVE Marterial
shall be rewarded big time
developing nations
are running out of coal
and oil being regulated to the highs by Russia and Arabs make it
difficult for new nations to keep up with demand for energy
bullish on Uranium bullish on uranium and expect this ETF to breakout soon
Support: $17
Resistance I: $43
Resistance II: $100
According to Munro, who is co-chair of the World Nuclear Association’s Nuclear Fuel Demand Working Group, “we are on the cusp of a new nuclear age in which decarbonisation imperatives collide head-on with unrealistic expectations of renewables penetration, leaving nuclear power to wean the world off coal and decarbonise the expanding electrical grid, domestic heating, industrial heating and hard to abate areas of industry including hydrogen production. If nuclear power can achieve its decarbonisation potential around the world, the implications for uranium demand will be astonishing.”
Rising supply could act as a headwind for uranium pricesThe price of uranium, known as yellow cake, has more than doubled in the past year amid a significant imbalance between supply and demand in the global market, sending uranium-related assets soaring to the sky. In addition, the return of Japanese appetite for carbon-free energy and the restart of two nuclear reactors last year, along with plans to restore more units in 2024, also contributed to rising prices. Then, more recently, the announcement of the U.S. ban on Russian imports of uranium and the approval of the GX Decarbonization Power Supply Bill in Japan, aimed at creating a carbon-free energy supply, have had the same effect, helping uranium to regain strength after a brief selloff in February and March 2024.
Illustration 1.01
Uranium-related assets, including Global X Uranium (URA), Sprott Physical Uranium Trust (SRUUF), Sprott Uranium Miners ETF (URNM), and Uranium Energy Corporation (UEC), all recorded huge gains in the past year or so.
Since the start of 2024, uranium has gained approximately 4.7%. Yet, for the year, its performance has been flat, which begs the question of whether the rally is not overdone at this point when the supply is coming online around the world, raising chances of the market moving toward balance and potentially leading to stabilization or reversal in prices. According to the quarterly Domestic Uranium Production Report published by the U.S. Energy Information Administration (EIA), uranium production in the United States for the first quarter of 2024 already surpassed the total output last year. Moreover, data from 2021 and 2022 suggest countries like Australia and Canada are also trying to ramp up their production in response to rising prices.
Illustration 1.02
The image above illustrates the weekly graph of Global X Uranium ETF (URA) and a major resistance at $31.60.
Regarding Global X Uranium ETF (URA), it recorded remarkable 353% gains since its lows in 2020, coupled with a nearly 15% increase in the current year alone. However, despite these impressive gains, the ETF has encountered a significant hurdle at the $31.60 mark, signaling a potential barrier to further upside momentum. Besides that, there is a growing perception that events traditionally viewed as catalysts for price appreciation are losing their potency over time, indicating a potential shift in market dynamics.
Technical conditions
Daily time frame = Bullish (losing momentum)
Weekly time frame = Bullish
Monthly time frame = Bullish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
Uranium Go Boom!Uranium looks ready to explode higher.
This commodity had a daily chart breakout today and no one is talking about it.
Silently triggering a bullish inverse head and shoulders, this should yield more upside.
I'm looking for this breakout move to be confirmed in the coming days. If it confirms a breakout this will be a likely trade that we can buy the dip on.
UEC Uranium space is breaking out again. Amir keeps looking smarter and smarter all the time. Like ten fifteen years ahead of the pack. Boss Energy also looking nice. It’s at least competitive with UEC, but they move a little differently, so the pair reduce volatility.
