Downtrend still in force. And now a new high at a lower level...

Downtrend still in force. And now a new high at a lower level becomes the new resistance level. A break of last weeks high would be quite bullish imo. Unlikely to happen though. A break of the triple bottom shouldn't be too far off....June or July would be my bet looking at the monthly chart.

All time record lows sub 9.7c should be later this year or next.

Uranium now in next leg down to new wave 2 lows. $47 or thereabouts is my bet.

My opinion only. Sorry it's more gloomy than those upbeat tipsheet writers.

EC