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Uranium Breaks Out. Is the Next Big Rally Beginning?

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ticker lesson

Breakdown

0:00Uranium· ticker

Uranium — 2.6% weekly gain, bull pennant breakout

  • Uranium up 2.6% weekly
  • Bull pennant breakout confirmed
  • Fuel buyers back from vacation
  • Spot price moving up
  • Illiquid volumes expected
2:01Uranium· ticker

Uranium — convention in Texas, term contracts

  • Fuel buyers convention in Texas
  • Term contracts at 9650
  • Price likely to move up
  • Utility buyers and suppliers gathered
  • Deals made at convention
2:02Sproad Physical Uranium Trust· ticker

Sproad Physical Uranium Trust — 2.8% weekly gain

  • Trust up 2.8% weekly
  • Still at 81.7 million pounds
  • No additions since July 30
  • At 15% discount
  • Low-hanging fruit for buys
2:03URNM· ticker

URNM — 1.4% weekly gain, technical pullback

  • URNM up 1.4% weekly
  • Nice fall on Friday
  • Technical pullback to pick bottom
  • Buy at current levels
2:04lesson

Falling price action and RSI divergence

  • Price action falling, RSI rising
  • Price went up, RSI continues up
  • RSI divergence signal

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