Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Showing Bearish Technicals With Resistance At $31.18

Dec 05, 2017 ( via COMTEX) --

For a hedged play on DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="">SGG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $30 covered call for a net debit in the $29 area. That is also the break-even stock price for the covered call. This trade will return 3.44%, or 17.24% annualized (for comparison purposes only), in 73 days. This covered call also provides 5.53% downside protection. The current 52-week low is $26.50 and the 52-week high is $47.77. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $30.18 and resistance in the $31.18 range. The stock closed Dec 4, 2017's trading session at $30.70.A

(C) Copyright 2017, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 57.41
Nat Gas 2.706
Corn 347 6/8
Cotton #2 72.91
Gold 1245.5
Copper 3.0210
Euro 1.17450
USD Index 94.080
SP500 E-mini 2663.75
DJIA E-mini 24542