Uranium futures

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Uranium futuresUxC Uranium U3O8 FuturesCOMEX_DL:UX1!TJ-001Uranium futures, as we expected, posted significant gains over the past month. They are very likely to test the 83.5 resistance level in the near-term. This will be a third attempt to break through this mark; the previous two - in September and October this year - were unsuccessful. Our thesis remains unchanged: the long-term uranium uptrend is intact with upside targets of 83.5 and 93.6. Long-term trend: Up Resistance level: 83.5; 93.6 Support level: 70; 75