uranium sectors uptrend has now begun

Well lets hope so as Uranium sector has been way way way Oversold :)

Merv’s Weekly Uranium Review
for week ending 04 Apr 2008

That’s three days in a row on the up side. Things are looking a little bit better than they did a couple of weeks ago.

For the first time since turning down on March 4 the Index is above its very short term moving average line and the line slope has turned upward. The more aggressive momentum indicator, the Stochastic Oscillator (SO), is also in its positive zone, above its positive sloping trigger line, and both are heading higher. The very short term or as I often called it in my precious metals commentaries, the immediate term, is now fully BULLISH.

URANIUM INDEX CHART AS AT 07/04/2008



ENERGY & METALS PERFORMANCE INDEX CHART AS AT 06/04/2008

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Cheers to all the U3O8 Bulls from grant64 :)
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