Uranium ETF Tests Support with Inside Week

The Global Uranium ETF (URA) has had a tough eleven weeks with a decline from 19 to 14, but support may be at hand. The October-November lows marked support in the 14 area and the ETF firmed here with an inside week last week. Also notice that CCI is oversold. A break back above -100 in CCI would be positive for momentum and a break above 15.1 would be positive for the ETF.


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