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Uranium could explode back half of 2024CCJ leader of uranium. CCJ has been developing a text book Livermore Accumulation Cylinder. In the last uranium bull market CCJ developed this accumulation cylinder over 4 years from 2000-2004 and now its doing the same accumulation cylinder from 2020-2024. We are in the final flush out stage 7 before an explosive wave 8 up. The chart on the right shows CCJ/SPX. You can see we are in the final bearish flush-out stage before CCJ starts outperforming SPX massively. The ratio also signals CCJ is a long way from outperforming SPX so the real bull has not even started yet. We can confirm this analysis by the miners underperforming the metal - URA/U.UN. Once the miners start outperforming the metal, the real bull takes place as we are on the APEX of that happening soon. The Junior miners will be the stars of the show when the big capital rotates into the smaller developers and explorers.
NYSE:CCJLong
by AxeCapp
Centrus Energy - 300% possible?Centruy Energy looks quite goot at this level. Lets look at the longer timeframe. Stoch RSI looks to turn up. We are breaking throught the 36M SMA and 12M SMA, as it seems. Momentum has been reset in addition. A more convervative view would be the monthly resistance Zone with around 195% upside. 300% sounds unrealistic? - The company was valued the same 2013, that`s why we have a confluence of resistance in this area in addition. One of the Uranium instruments that look quite attractive at these valuations.
AMEX:LEULong
by Benbarian
Possible top coming soon for $DXY?I can't say that I've called a top using trendlines atop of a bullish trend, but I've seen a few others do it. With the rise in the dollar bringing mass bearishness to rest of the investment complex, a pause could bring some welcome relief. Anyway, I thought the timing might be relevant as important lower levels approach in $CL, $UX, and some metals, as well being overdue for a meaningful bounce in the equities. I will use the $109.xx marker in DXY to signal a buying point for small positions in UUUU, UEX, NXE, USO, GDX, SILJ, SPY, IWM, AAPL, AMD, et al
TVC:DXYLong
by tfoley472541
1
Uranium is in an uptrend. Uranium miners should do very wellUranium futures are now tightening at the 21 MONTHLY moving average, above the 50 month moving average, and retesting the lows of 2014 and the highs of 2019. This is the type of signal I've been waiting for to pull the trigger. Here's an example of a small cap uranium miner I like: John Quakes is a great guy to follow on Twitter if you want to learn more about the industry and other mining companies. Just be aware this is an extremely risky sector that's underperformed the broader market for a decade. We're only seeing relative strength this year. As always in markets, things change fast... but I think the tide is turning in this one. All the best
COMEX:UX1!Long
by Lanmar
3
UX1! Uranium SpotUranium Spot is respecting the arc with multiple touches across the last decade. At Present Uranium Spot has pushed through the supply demand Zone with is a very positive sign for the Uranium market bull case. There are two scenarios I see playing out over the coming months in relation to Spot. The Uranium spot prices will either follow Scenario A marked on the chart and trades back into the Supply/Demand zone, Backtests the broadening wedge breakout point and continues its trajectory. OR The spot falls back into the Wedge and comes back to re-test the ARC boundaries before finding support and continuing its run. Option A will see months of consolidation IMO after the run Uranium has just had and could cool off the market in the near term, Option B is a much longer consolidation period and could take the best part of 2022 to resolve and see interest return to the U market. This could all change if Utilities get the finger out and actually start their contracting cycles which could see an overnight jump in the spot. holding and adding to U positions as this resolves. Its a marathon not a sprint.
COMEX:UX1!Long
by gillman_hugh
The case for Uranium: Master Plan with a Price Target of 100$+In the early 2000s, the flooding of the McArthur River and Cigar Lake mines were immediate black swan catalysts that further accelerated the existing bull market into a mania moving uranium spot prices to a peak of $150/lb in 2007. The flight to commodities as an inflation hedge following the Great Recession served as an additional catalyst underpinning the macroeconomics behind the commodity boom of the 2000s. The last bull run ended when higher supply combined with the fallout from the Fukishima nuclear disaster sealed uranium into a now decade long secular bear market. Given the lack of speculation, mines today have been idled and the industry has been in consolidation and liquidation ever since. Over the past decade, Uranium prices have descended into the abyss. Because it costs more than $50/lb to mine uranium, the current spot prices indicate an extreme imbalance. The former Soviet state-owned-enterprise, now publicly traded Kazatomprom has forced cheap supply onto the market over the last decade, however overly bearish sentiment has held back the necessary investment in new mines and exploration leading to consistent annual supply deficits. New reactor construction in China and India has lead to strong growth in uranium fuel demand. Given the extreme asymmetry and cyclicality of uranium spot prices, investors are presented with a once in a lifetime opportunity. On top of that, COVID19 has lead to further supply constraints. Cameco's Cigar Lake Mine, which accounted for 18% of worlds supply, was and remains closed. Now, mining companies such as Denison have started actively buying uranium off of the spot market to fulfill their obligations. Its only a question of time until the remaining supply wont be enough to fill demand. At that point, we could experience a bull market in Uranium and the mining companies of epic proportions. Note that uranium bull markets are multi-year to even decade long affairs. My estimation is that we will see prices go to around 50$ in the short term, and then continue a rise up to the 70-90$ region, where price could be sustained for longer periods. However, on shorter timeframes, this longer term target could certainly be overshot, and by a lot. Does 150$/lb sound realistic? Perhaps. While we haven't had a bear market as severe preceding this bull market as we had in the early 2000s, you would need to account for other factors too. Adjusted for Inflation, 150$ in 2007 would be around 200$ in todays prices. On top of that, there could be additional catalists coming up along the way. My plan is to start selling my miners once we reach the 70-90$ range, and let a portion run to see how high we can go. If we go significantly above 100$, I will make sure to not sell the rest of my shares below 100$ U308. Keep in mind that miners tend top out before the price of actual Uranium. Catching the top will be difficult, and there probably wont be a lot of time for it. My favourite ways to play this is to go long on $UUUU, $DNN, $CVV, $FCU, $NXG, $URE, $CCJ. Since there are only about 20 publicly traded mining companies with (high) exposure to the uranium market, of which around 15 are viable investments in my oppinion, even a "spray and pray" approach probably will likely be able to reap in significant returns if my thesis plays out. Once the tide rises, it wont matter too much in which boat youre in.
COMEX:UX1!Long
by JaceStryker
5
URANIUM Time to go on a big buy?The Uranium ETF has sustained an uptrend since March 2020, with is rise resembling other bullish stock markets. Perhaps the most important development is the formation of the Golden Cross (MA50 crossing above the MA200) on the 1W time-frame. The 1W MA50 (blue trend-line) has been the Resistance throughout its multi-year downtrend. Can it now provide Support for a multi-year uptrend? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> hujianghua --------------------------------------------------------------------------------------------------------
AMEX:URALong
by TradingShot
4
UUUU - A Levered Play on the Uranium MarketThe bear market of spot Uranium has dragged down the price of the subsequent uranium miner stocks, including UUUU . This stock in particular experienced a very steep mark down period during the time of the Fukushima reactor meltdown. This event left a bad taste in the mouth and as a result, many stepped away from using nuclear energy to the same extent to meet energy demand. In 2016, we saw a 'base' establish for the stock right around $1.35. As the market structure stands, this is the bottom end of our accumulation range. The upper end of this range is at about $2.35. Mid-2018, we saw a market expansion take place as price tested the upper end of our range, and surpass it. When price exceeded $2.35, a lot of attention and capital started to flow into the Uranium market, the market makers unloaded shares for about a year, then sent price back down into our accumulation range. Today we are seeing a lot of choppiness, as bulls and bears battle it out. Overall, I see a lot of room for growth in this sector, especially during a time of clean energy promotion. I believe nuclear energy will be the answer to the demand for clean energy. I have a price target of $5.28 by 2022. An entry at $1.35 would give an incredible R/R of 3.94/0.0064. An upside of 400% and a downside of about 10% if market structure breaks. Beware of the volatility, and search for a safe entry.
AMEX:UUUULong
by micahjmiller
Uranium: An early opportunity for a multi-year bull market?Uranium has broken through its multi-year bearish trend in August as it broke the Lower High trend line on the monthly chart. To the disappointment of investors it was rejected just below 30.00 and last week it touched the previous Lower High trend line again only this time from above. If it rebounds on that level, then it would mean that it would have successfully tested its previous long term Resistance as a Support. In turn this may create a sustainable (at least) Channel Up and establish the conditions for a multi-year bull market. The monthly chart is on neutral technical action (RSI = 47.913, MACD = 0.320, CCI = 10.3162) which indicates the presence of a support level. Investors who seek early buy opportunities on undervalued assets and bull cycles in the making before much attention is drawn, should definitely start taking a closer look at Uranium. Our target is 33.50 with 44.00 as a possible extension. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
ULong
by InvestingScope
4
Uranium, A Closer Look at the Commodity PriceA few days ago I put out analysis on the Uranium miner ETF AMEX:URA . This ETF is probably the best way to get involved in the Uranium price action and stay diversified. But I wanted to take a look at the commodity price, as this will be the driver of new and existing mines opening up and miners increasing their profitability. The price can also give insight to whether the public is ready to start demanding Uranium and increase it's use as an energy source. If you're looking for a more detailed article on Uranium, you can visit AssetGuild.com . But here on TradingView, we will focus specifically on price. The price of Uranium has been in a deep depression for 11 years. It safe to say it might be the most hated market in existence. This fact alone is why I'm giving it a closer look. Overall, the price is down 80% since it's highs. What's worth noting, is that UX1! has broken out of a long existing triangle pattern and is looking like it might be in the process of forming a bottom. Uranium has been quickly breaking above it's moving averages and holding healthy support on the 100 and 200 MA. The 100 has now crossed the 200 as well. We are now making new 2 year highs which is a promising note. The key here is that price holds support around the $26 range and on it's moving averages. Though volume is still low, this price action may be a signal for interest coming into the Uranium space. Feels good to be watching things develop at such an early stage.
ULong
by micahjmiller
Uranium futures is crossing MACD and positive CCI - now to find UX1! Where is the good yellow cake deals? Technology will be good for next 5 years here, so look at CCJ today for entry signals and pass along your ideas @Pokethebear (I'm not supposed to be here). When will V (Vanadium) get it's own futures symbol, anyone? What's the metrics here, when was last futures metal added? Why do you like and not comment. Not looking so good: SI1!, HG1! Looking ok: GC1!, and iron ore whatever symbol that is...lol
UShort
by Pokethebear