As one of the least commodities which did not perform so well uranium has a good capacity to gain value. The situation with Russia and Ukraine also support this.
Комментарий
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Ok first target is met. Let's see what happens next.
Hit your target perfectly today - now, lets see if it reverses tomorrow!
trade2tec
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@ralphkaz yes it's getting interesting today. Yesterday was a bad day for commodities but maybe an opportunity to buy low.
Heru79
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Good idea .. how high do you think uranium etf can rise this year?
trade2tec
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@Heru79, I think an environment where countries buy and produce weapons and are in shortage of energy can be just positive for Uranium
sanks2
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What’s your current take on this idea? You’re spot on with these levels. In pre-market today URA tagged 26.37, dipped but closed right at 25.64 level. I’m still holding 4/14 30C but with the equities market rallying I’m worried about Uranium taking a hit
trade2tec
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@sanks2, I bought at 23.1 Stop Loss is at 22.49 Take profit 28.44
I set SL and TP at the beginning of my trade and for now I don't see any reason to close/change the trade. I don't really bother about what Uranium will do in future I'm just focused on the target of this one specific trade. The trend is our friend :)