Centrus Energy (LEU: NYSE)

Centrus Energy (LEU) operates as a supplier of nuclear fuel for the global power industry. The U.S. Department of Energy is actively seeking bids from contractors within the United States to contribute to the establishment of a domestic supply of enriched uranium fuel for next-generation reactors. Centrus Energy is considered a strong contender for securing this potentially lucrative contract.

The demand for uranium has experienced a notable increase in recent years, particularly due to its use in nuclear energy. Uranium spot prices are presently around $92 per pound, marking the highest level since 2007. Given that LEU is a crucial component in the production of nuclear fuel for power reactors, the company stands to benefit from the sustained demand for uranium.

In light of these factors, the outlook for Centrus Energy is bullish, with a suggested entry above the $48.50-$49.50 range and an upside target in the $72.00-$74.00 range.

Gold (XAUUSD)

Gold exhibited a marginal uptick to approximately $2,025 per ounce on Friday, benefitting from a weakened dollar. Investor attention was focused on interpreting the latest U.S. economic data to discern potential interest rate trajectories set by the Federal Reserve.

The Fed’s targeted measure, the Personal Consumption Expenditure (PCE) index, recorded a 2.6% year-on-year increase and a 0.2% month-on-month rise in December, aligning with economists’ projections. Presently, the price continues to evolve within the established pattern, which remains valid and characterized by predominant bearish volume. It is crucial to acknowledge the persistence and development of the bearish pattern, as shifts in sentiment from bullish to bearish can occur with relative ease.

Ethereum (ETHUSDT)

Ethereum (ETH) has undergone a retracement, finding support at the $2,200 level, coinciding with the trend line from early November.

Given the oversold conditions, a strategic long spot trade is being contemplated within this range, with the objective of profit-taking at the subsequent resistance zone between $2,700 and $3,000.

The proposed stop-loss is strategically positioned just below the $2,200 support and the daily support line, situated around $2,150. It is imperative for traders to exercise vigilance, adapting to market dynamics while diligently managing risk.

Chainlink (LINKUSDT)

LINK has displayed bullish price action in recent weeks, and the current scenario involves testing the lower end of the range around $13.5.

There is a potential for upside movement in the upcoming weeks. The daily timeframe indicates oversold conditions. If the current support area holds, there could be a potential upward move to test resistance levels, initially around $17.00 – $18.25, and possibly reaching the subsequent resistance at $21.30 – $23.00.