Tatsiana Ketrar
⬤ Uranium futures are trading within a well-defined long-term upward channel, following what traders call a Livermore accumulation cylinder. The monthly chart shows prices respecting a rising channel on a logarithmic scale, pointing to steady accumulation rather than speculative buying. Price action continues to develop according to this established structure.
⬤ The pattern stretches back to the late 2010s and shows a clear sequence of advances followed by consolidations. Each move higher has been followed by a pullback that stayed above previous lows—classic accumulation behavior where the market builds a foundation over time while keeping the broader trend intact. The numbered phases on the chart highlight this orderly progression within the channel boundaries.
The pattern remains on track, with uranium futures progressing according to the outlined structure.
⬤ Current price action has uranium futures consolidating below recent highs but holding above the channel's lower boundary. The market is also trading above its long-term moving average, which confirms the underlying structure is still working. There's no breakdown of trend support visible, and price behavior continues to match the accumulation framework rather than showing signs of exhaustion.
⬤ This matters for the broader energy market because uranium plays a strategic role in global power generation. A sustained accumulation pattern like this suggests the market is building for the long term rather than riding short-term speculation. As long as futures stay within this defined channel, the structure gives traders a reliable roadmap for how uranium is developing as an asset class.
Tatsiana Ketrar
