U.UN Sprott Physical Uranium Outlook

6 Mar

Looking for U.UN to have progressed higher in 3 waves, with current price action potentially being in the later stages, if not already completed, of a WXY pull back. Watching for a reversal and breakout to form, after which another 3 wave move higher could unfold. Simlar view on YCA may get an update out on that soon.

26 Nis

Not

26/04/25 U.UN Update

Since the last update the chart has consolidated a little further and extended the ending diagonal lower. The chart moved down toward the top of the yellow zone which represents a measured move target of yellow (W) and has reversed higher, I have also added the red 1.618 extension of red A to the chart, this could potentially mark the low of red C which bounced exactly at that point. The chart needs longer to develop before we can say the low is in, but once upside resumes, I will be looking for around $36 before a reasonable pull back.