Australian Uranium Index showing new yearly low

Announcement:

Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.

Sadly the Australian Uranium share index doesn’t look at all encouraging.

At the moment after breaking through the 2009 support trendline (see the image below) the index is looking at a lower low. Link shows the last 12 months chart

I wonder if it is possible that we will see a re-run down to the 08 lows?

I’d like to see an up-tick before buying into our Uranium plays….

The link below shows the year to date….
http://australianuranium.com.au/australian-uranium-graph.html

Leave a Reply

Your email address will not be published. Required fields are marked *