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Uranium

Possible Trend Reversal Expecting a Breakout SoonLooks like the bear market for Uranium ETF will be over soon. The price of URA has been in a bear market since 2011 with a high of $130 losing about 90% of it's value dropping as low as $11.25. On October 2016 it started a small rally that ended with a shooting star candle with the 150 Weekly MA acting as resistance at the price of $19 Top. Since then it has been forming a triangle of higher lows with the price of $11.50 acting as support. That triangle is expected to break by late 2018 to early 2019. As the current market conditions for commodities which overall are at the all time low, it shows chances of maximal financial opportunities. We are currently close to test the resistance at the range of $13.75. Breaking that level would take us to a new higher high changing the over all trend Uranium ETF. I'm not a financial advisor, this is my personal opinion. Only invest what you can afford to lose.
AMEX:URALong
by NL_LINK
$URA Prolonged consolidation or bullish bias?Fundamental - uranium has declined in price from its inception because of simple supply and demand. URA has now been in a consolidation pattern since 14 Oct 2015. Supply have meet demand in the zone of primarily 11.57 to 16.31. The bullish bias comes from uranium miners first making profit when price reaches 20. Therefore some uranium miners have been shutting down their operation until a price hike. Japan could be opening new facilities to enrich they energy supply to the mainland after they haven been open to it in public forums. First trade A rise over 16.31 makes a bullish entry with a stop loss at 11.57 and TP levels at 20 and 23.93 (support and resistance levels formed before consolidaton formation). Second trade TSI supports short term bullish momentum and entry on the price now and sell if it doesn`t break 16.31!
AMEX:URALong
by dannyking97
Energy Fuels At Support - Reversal (Likely) ComingAt the bottom of an ascending triangle. Also back down to the 50 SMA, which has been a key level of support for months. We still dont have a bullish confirmation on the Stoch, BB, MACD, and the RSI is not oversold, so wait for a bounce upwards to confirm reversal. Otherwise, this could be breaking down. From a FA perspective, UUUU is looking very strong. As the newly sole Vanadium producer in NA, as well as the filed Section 232 to regain the Uranium market in the US (decision coming in the relatively near future), things could be really looking up. We also have earning coming up on Nov 1st, with expected earnings being a big improvement on last year ($-0.05 EPS vs %-0.07 EPS). Regardless of how this triangle breaks, keep an eye on UUUU in the near future. This could be a source of huge returns as the Uranium market ticks back-up (fukushima reactors back online, historic low for uranium, more countries moving toward nuclear etc). My opinion, not financial advice
AMEX:UUUULong
by green_brow
1
Zinc Vs other metals, Winner-winner still UREducational Metal Futures Insights: ZA1! Zinc futures are up 15% over the past month, however note "Uranium futures" have been notably increasing since May. Silver COMEX:SI1! and Copper COMEX:HG1! futures have just started their uptick with recent volatility in market. CBOE:VIX Gold GC1! is also just starting a small uptick. The summary: Uranium is a low cost energy driver globally with China bringing on new plants, India on the horizon, the US domestic sourcing to some degree, and japan starting to restart their power plants from 2011 Fukashima issue as safety, now 7-years later has been implemented for deemed fail-safe. Uranium has achieved an all-time low from high in 2006-2007, and 2011-2012 to current recovery in April-May of this year. Any company that can benefit in gold, copper, silver along with uranium such as Rio Tinto, great. Low energy nuclear fusion and going to be the next Uranium, so again mining companies with Nickel (no futures contacts and oddity and needs a futures contract added) is another benefit. Suggest you use this Nickel website for ideas. www.miningfeeds.com Ur watchlist: TSX:U , AMEX:UUUU , TSX:URE , NYSE:CCJ , AMEX:DNN , NYSE:RIO , AMEX:UEC Ni watchlist: TSXV:SFR CHXEUR:AALL LSE:ALBA ASX:AUZ ASX:ANW TSX:HBM TSXV:CNX , TSX:RNX , OTC:RNKLF Note: Royal Nickel recently struck a Father's day gold vein and spiked from 0.07 to now 0.71. Lucky me for knowing small nickel stock. Share your favorites in comments below. I know most here are just it's just a deal type, but appreciate hearing from you. LENR Technology: www.ecat-world.com Low CO2 energy. Having recently dealt with 70 something houses and businesses be affected by a natural gas over pressurization am thankful no one has to move outside the zone of a nuclear plant, so keep it real and keep it safe. Rule #1: Don't loose the money, Rule #2: Rule #1. @pokethebear
ZLong
by Pokethebear