UX1! Uranium Price is Ready to move upWith current 60 million pounds annual deficit production price has to move up North substantially. From technical point of view Stach and MACD indicators pointing that price will start moving starting this week. Movinng averages are pointing down at this point but that could change with price moving towards $30 range and above.
UX1! trade ideas
UraniumSimple bullish trend channel has emerged the last two years.
Supply is hurting, covid 19 has made it worse.
First time since 1970 both parties in the USA is pro nuclear.
50-60 dollar uranium is needed to make new mining economical.
12% of world energy is nucelar.
Small downside big uppside, miners and other stocks is a asymetrical way to play the 50-60 dollar price range.