ΣL Uranium Composite - 19th June 2024 | @ 154 Days | + 13.73%

Last trade: + 13.73% | 'C' class signal detected in in Sigma-L Uranium Composite (NXE/DNN/UEC/CCJ/UUUU). Average of 154 days over 10 iterations since December 2019. Currently moving down

ΣL Cycle Summary

This longer periodic component in Uranium, related to the more stationary and shorter measure around 75 days, moved up during March, April and May this year prior to peaking in early/mid June. The shorter wave (75 days) failing to provide additional power to the upside as we anticipated, resulting in a sharp downturn recently that is now well on it’s way to the next trough, due early August at the current wavelength. Within our composite, Cameco (CCJ) outperformed to a large degree to the upside whilst Energy Fuels (UEC) was largely flat on the other extreme. The composite overall displays a sideways structure, suggesting more downside into August with indication that a larger cycle peak has occurred recently. For subscribers, an update to the shorter wave (@ 75 days) is scheduled for the 26th of June, next Wednesday.

Trade Update

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instru…