URNM Forecast + Trading Strategies


Bullish Case: With strong historical returns across holding periods and Helium's slightly higher volatility forecast, bullish sentiment could push URNM to test higher resistance levels. Additionally, increasing demand and supply constraints bolster the long-term uranium investment thesis.


Bearish Case: Recent price fragility, higher put option volume, and lower-than-expected term structure undermine bullish confidence. Elevated implied volatility and Helium-Market implied volatility differences suggest potential downside risks, short-term declining momentum remains a key concern.


Potential Outcomes:

1. Sideways movement at approximately $53: 60%.

2. Decline towards $47: 25%.

3. Surge towards $60 on positive catalysts: 15%.


Trading Oracle: Favorable risk-reward is selling the 08/16/2024 $53 put and buying the $51 put for 90 days. Current volatility spread favors short volatility trades. This play has a high probability-of-profit given the term structure.


July 16, 2024


North Shore Global Uranium Mining Forecast

URNM      North Shore Global Uranium Mining











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