After a surge of prices in 
SRUUF and spot uranium in 2023 - nearly doubling from ,from ~$12 to ~$24 - SRUUF spent the entirety of 2204 retracing back to around $16-17... forming a triangle pattern that is gettin increasingly tight.
At Goldman
CCJ conf: "The industry is seeing demand the likes have never been seen before"... Pariticularly, in the last half oft 2024, the market has seemed increasingly interested in developing nuclear power solutions to power all the new AI data centers in a green way. New tech is faciliting this. Even if many of the new reactors don't come online for years, firms will be stockpiling have to start stockpiling
Positive technical developments on the montly chart: that suggestSRUUF will break to the upside out of this triangle in coming months:
-Recent Positive Divergences in the BBP (bull bear power), WIliam %R
-Oversold RSI suggest retrace is long in the tooth and the CCI is at the -100 level where its bounces every time since 2022
on top of that we are sitting near the anchored VWAP since inception for the firs time in a year and that metric has been a supportive price point in the past,
We be stuck chopping around here a couple months or more but I think the stars are aligned forSRUUF and physical uranium to outpace other commodities for year, perhaps many, to come
SRUUF and spot uranium in 2023 - nearly doubling from ,from ~$12 to ~$24 - SRUUF spent the entirety of 2204 retracing back to around $16-17... forming a triangle pattern that is gettin increasingly tight. At Goldman
CCJ conf: "The industry is seeing demand the likes have never been seen before"... Pariticularly, in the last half oft 2024, the market has seemed increasingly interested in developing nuclear power solutions to power all the new AI data centers in a green way. New tech is faciliting this. Even if many of the new reactors don't come online for years, firms will be stockpiling have to start stockpiling Positive technical developments on the montly chart: that suggest
SRUUF will break to the upside out of this triangle in coming months:-Recent Positive Divergences in the BBP (bull bear power), WIliam %R
-Oversold RSI suggest retrace is long in the tooth and the CCI is at the -100 level where its bounces every time since 2022
on top of that we are sitting near the anchored VWAP since inception for the firs time in a year and that metric has been a supportive price point in the past,
We be stuck chopping around here a couple months or more but I think the stars are aligned for
SRUUF and physical uranium to outpace other commodities for year, perhaps many, to come
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.