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AGORACOM Wire - Wednesday February 15th, 2012

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Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses Bracemac-McLeod Mine Development Beyond the Press Release

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Message: Cameco mentioned in Energy article

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Cameco mentioned in Energy article

posted on Apr 15, 09 06:06AM

All in all a very good synopsis of the energy sector and its resistance points, could be poised to test further.

U.S. oil service stocks continue to outperform the S&P 500 Index despite a recent stall in the uptrend in crude oil prices. Oil Service HOLDRs are testing resistance at 87.71. ‘Tis the season for oil service stocks to move higher from the end of November to the end of May! Selected stocks in the sector are breaking above their recent trading range and completing bullish reversal patterns (e.g. Diamond International)

chart1

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Strongest sector on the TMX yesterday was the uranium sector (with the exception of Cameco). Several TSX Composite stocks in the sector rose 8% or more (Denison, Mega Uranium, Pinetree Capital). Uranium Participation Units gained 2.7%. Units have formed a potential bullish triangle pattern that turns positive on a move above $7.00.

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Strength was triggered by a small, but potentially significant reversal in the spot price of uranium oxide. Although the $0.50 U.S. per lb. increase was small, it represented the first uptick in the spot price in five months.

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