Uranium futures contracts are currently available for trading on the New York Mercantile Exchange (NYMEX). The new contract was issued early this month and it is tradable on the CME Globex and Nymex clearport systems.
Each contract represents 250 pounds of U308
Tick = 0.05$, tick value = 12.5$
Initial Margin for non members is running around 3375$ per contract.
Financially settled, price is based on the UxC index. – You can trade it but can't get the stuff.
According to the NYMEX data, the front month open interest (June 07) is just 17 contracts, a cold start I must say.
Can you put a channel on this chart?
Uranium chart – 5 years
Support around 105$.
Uranium long term chart (37 years)