Uranium ETFs Test Support as U.S. Supply Gap Returns to Focus
After suiting up and rolling over from a long period of rallying, uranium-related ETFs have entered a critical technical area. The €52 level has become a resistance point for the WisdomTree Uranium and Nuclear Energy ETF, which then provides support, said Nicolas Chéron. In the meantime, the broader supply narrative goes on. With imports having risen to 99% of the uranium concentrate consumed by U.S. nuclear generators in 2023, according to EIA data, attention was drawn to domestic uranium projects and nuclear fuel security. ETF Charts Test Support The €52 level has three significances, Chéron said. It is the sign of some resistance that has been overcome; the 200-day moving average still has a positive slope and a big rising trendline. His chart displays the WisdomTree Uranium and Nuclear Energy ETF (URIA) rising through 2024 and 2025 but then slowing down at the upper €50 levels. Since then, the price has been stagnant, and buyers have held off attempts at higher price levels during each pullback. That building now brings the ETF to a decision area. The continued uptrend would remain intact with a hold in the vicinity of €52, allowing another push to recent highs to be maintained. But if it breaks below the upside trendline,









