Things are looking up with clear breakout just now from cup and handle pattern for market leader Cameco.
Could be the in the know money getting set before they mover the uranium price much higher.
Also it’s clear that the market for uranium is warming up with Japan restarting shut-in reactors and many more new plants in China. The future Supply/Demand imbalance is now becoming very obvious. Early stages of new bull market are developing.
Japanese Restarts
Fuel loading completed at Ohi unit No. 4 & Genkai unit No. 4 nuclear reactors. The 8th & 9th restarts in Japan are now set to begin in May.
https://www.japantimes.co.jp/news/2...ant-saga-heads-restart-late-may/#.Wumj1RZ_WaO
Also there are 30 new reactors coming online in 2018 and 2019
Fuel loading has now begun at 2 of new nuclear reactors in China slated for completion in 2018 - CGNs 1750MWe Taishan Unit 1 EPR & CNNCs 1250MWe Sanmen Unit 1 AP1000
Uranium spot price is moving UP, page-8
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$8.17 |
Change
-0.130(1.57%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.22 | $8.31 | $8.13 | $21.70M | 2.652M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 129 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.17 | 11735 | 3 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
