UUUU is seeing a dominant sideways trend after having recently shot parabolically beyond the $4 range from ~1.50 which is likely to last into the 3rd week of January. Alternatively, UUUU could also break the resistance in the $4.40-$4.48 range to retest the $4.8 resistance. On the bearish side, we could fall to $3.68, the previous line of support, if the commodities narrative is doubted by the market.
Trade closed: target reached