Close above $1213 and the 50% Fib has retaken. RSI looks to have a clean break. Further strength in yen and dollar weakness will drive higher.
Recent breakout from downtrend now looks consolidated with a move above the 200MA. Looks like a good entry.
Looks like a double bottom which is supported off the 200MA. Good entry level assuming no move lower.
200MA at 7.92. Watching for a break above this level for another run upward.
Possible double bottom on daily view off a long term supporting trendline which can be seen on the weekly. I'm neutral Neil we complete the "W" and break above it.
A classic H&S set-up but the 200MA is currently providing support. Break through here and there is a decent short.
The weekly view shows the prior high/resistance is the 200MA. A break above here is clearly a big deal.
Very strong weekly close. Rejected earlier opportunity to break lower and has since tracked the 50MA upward where it is getting support. Very clear RSI channel to move into, steady volume and strong momentum will certain test the prior high at $2.75. It's a clear Long when that goes but I'd be tempted now on the strength of the technical indicators.
You can't buy uranium contracts but there are tracker funds £GCL and $URA plus $U which is probably the closest. Beyond that big producers like Cameco, Denison, etc. Uranium looks to have hit a multi year bottom (scale out to 10 view for context). It has risen this year breaking the 100MA and pausing with a small retrace at the 200. Looking for a break of that...
Lovely trend follow chart. Broken above 200MA. Will retrace at some point. One for Uranium bulls. The 120p high was hit in an overall declining market (since 2007) at $48 Uranium. The price of Uranium this year has moved from $18 to $23 so far.
Trend looks to be turning back up. The 9/20 MAs are set to cross, MACD has crossed over bullishly - I sense another crack at $2.7 on the cards here.
H&S top. The price is now right on the neckline of the pattern (185). Any lower and it will break and this gives a short move down to around 140. A nice big trade. OJ highs historically don't last long, and seasonality supports a drop in Jan too.
Further Pennant on 60min chart which gives us the set-up to break ATH and $12
Looks like a H&S top. Monitoring to see if the RHS develops before opening a short - potentially big move down.