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Uranium – Weekly Update

Today we focus on the recent developments in the Global Uranium ETF (URA), reviewing its latest technical signals and the short- and mid-term outlook. As usual, the analysis approaches the chart from multiple angles—candlestick structure, key technical indicators, and Elliott Wave context—to clarify what the current setup implies.

CANDLES

On Thursday and Friday, URA formed a strong Bullish Harami, followed by clear confirmation. As a result, the weekly closed with a bullish continuation candle. Taken together, these signals point to a likely resumption of the rally.

ELLIOTT WAVE

URA – Global Uranium ETF

Long Term

No changes to the long-term outlook. The micro path has the potential to evolve into a swift impulsive move higher, as outlined on the chart below.

Happy Trading!