Standard Uranium (STND.V) and Azincourt Energy (AAZ.V) base as uranium attempts reversal

In last weeks uranium sector roundup , I highlighted that uranium is at a key technical point. Spot price remains above $50, but the focus should be on other uranium charts. I spotted major breakdowns in all energy commodities. Oil got shaken up with the OPEC+ production cut. While the uranium charts are currently playing out the worst fears for uranium bulls: another leg lower.

Remember: the long term fundamentals for uranium still stand. With world governments wanting to deal with the climate crisis, nuclear energy is going to play an important role being able to handle baseload power and having no CO2 emissions. You can clearly see now that many nations are reversing their stance on nuclear energy, and even being more open to the idea of building more nuclear power plants.

When it comes to the technicals, we can use the charts to jump on trends. For long term […]

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