To The Moon

In our previous article, we mentioned that Uranium ETF (ticker URA) has ended correction to the cycle from 2020 low and ready to resume higher. In this article, we will update the outlook for the ETF. We see the commodity complex forming a high on early February 2023 and pulling back. We see further pullback in $URA in near term before it is ready to resume higher again. $URA Elliott Wave Chart Monthly Chart $URA Elliott Wave Chart Monthly Chart Uranium ETF (URA) Monthly Chart above shows a horizontal support/resistance at $19. The ETF so far continues to hold above that level, which is a good sign. Since it bottomed on March 1, 2020 low along with other World Indices, it has started to rally in what we call as a 5 waves. We label the bottom on March 1, 2020 low as wave ((II)) at 6.95. Up

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