ΣL Uranium Composite - 31st January 2024 | @ 77 Days
'A' class signal detected in in Sigma-L Uranium Composite (NXE/DNN/UEC/CCJ/UUUU). Average wavelength of 77 days over 12 iterations since September 2021. Currently approaching a peak
ΣL Cycle Summary
In addition to our analysis for Uranium via the medium term wave at ~ 150 days, this new addition examines the next shorter periodic driver at ~ 77 days, all via a composite of prominent instruments in the sector. This wave is excellent, being stationary and very well spectrally separated, as seen in the time frequency plots below. It has very nicely punctuated the rise of the larger periodic component which troughed back in mid 2023, a good sign for the significance of this wave. The overall composite rise has been largely linear with some small variance amongst constituents in our composite - UEC being remarkably bullish whilst UUUU has clearly lagged since October 2023. This component is due to peak shortly, we are a touch early according to the phasing so the trade is classed as an early sell, more detail below.