“Oil Sets Up For $100 While Gold, Silver & Platinum Build Topping Patterns”
Watch URA's gap fill at $53.42; a break of resistance could trigger a head and shoulders pattern leading to a ~15% drop to below $38.
Finally, let's conclude our discussion about uranium, URA. I haven't touched on uranium for a long time. But I have two main levels here that I would like to highlight . First, the last high turning point .
A major resistance level, and the psychological figure is at $50.
If we rise and get there, I certainly expect a level of resistance, but the main level I'm watching is the gap filling at $53.42. Now, let's assume the price reverses, is there a possibility of a "head and shoulders " pattern forming? Actually, yes.