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URNM Forecast + Trading Strategies



Price Forecast:




80% Confidence

Bearish   <->   Bullish



Bullish Case: Increased global demand for uranium due to energy transitions and geopolitical tensions drives URNM above $54. Higher implied volatility suggests rising investor interest, potentially pushing prices towards historical resistance around $60 by Q1 2025.



Bearish Case: Market skepticism may prevail if uranium supply outstrips demand, leading URNM to retest support around $44. Concerns over regulatory setbacks and increased production from other sources could further depress prices in early 2025.



Potential Outcomes:
  • 1) Price increases towards $56 (35% chance)
  • 2) Stabilization around $46 (50% chance)
  • 3) Retreat towards $41 (15% chance)



Trading Oracle: Implement a bullish strategy via a debit spread by buying the $49 call and selling the $51 call, expiring in 38 days. This positions for upside movement while managing risk; potential return of 12.1:1 offers a robust average reward/risk ratio.


December 12, 2024


North Shore Global Uranium Mining Forecast

URNM        North Shore Global Uranium Mining

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36 Day Price Forecast + Historical Performance.  Video Tutorial: Trade Smarter With Helium's AI Forecasts

49 Day Price Forecast + Historical Performance.  Video Tutorial: Trade Smarter With Helium's AI Forecasts











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