Uranium remains in extended correction phase, Patrick Karim notes

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Uranium faces ongoing monthly correction

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Mykhailo Ihnatenko

23.09.2026

Uranium remains in extended correction phase, Patrick Karim notes — Uranium faces ongoing monthly correction

Patrick Karim, technical analyst at Technical Traders Ltd, observes that the uranium sector is still in a correction phase when viewed on the monthly chart.

According to Karim, the current market conditions suggest it could take many more months before a playable trading pattern develops in the uranium complex, similar to the ongoing correction seen in precious metals.

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Karim previously projected a generational move in crude oil, outlining possible price targets of $200, $300, and $400 and noting the commodity’s undervaluation in earlier research. He also encouraged market participants to monitor key price levels by reposting an important oil chart for future reference in a separate update. These signals reflect his ongoing focus on trend development and long-term technical outlooks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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