Well, the price of Uranium has not pulled back because it never went up.  That is something to be watched.

The Global X Uranium fund was sold at very over bought levels into building Ukraine hysteria.  Today it is bought back at a level NFTRH had noted several weeks ago as a possible buy back opportunity in the 16′s.  You can’t win it if you’re not in it so we’ll see how it works out.

While I was at it I also picked up some more of this lil’ feller right at the long term support line projected as support in NFTRH.  It had been resistance, which was soundly broken.

With respect to the U price, either people are leaning in the wrong direction or they are correctly anticipating the U price to rise.  Here is Uranium holder Uranium Participation, where people get to buy u3o8.

The weekly moving average structure has intrigued me for months now.