November 1, 2024
I analyze the Uranium market, focusing on the Sprott Physical Uranium Trust ($U.U) and its technical indicators. I highlight the rising 50-week moving average and the potential for a bullish move above important resistance levels, particularly $20.44. I also review the global Uranium ETF ($URA), noting resistance levels and the possibility of a pullback before a breakout. Finally, I discuss Cameco ($CCJ) as a market leader, pointing out its recent strength and new highs in the uranium sector.
