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Powershares DB Gold (DGL) Trading Near $40.66 Support Level

Nov 30, 2017 (Marketintelligencecenter.com via COMTEX) --

After Nov 29, 2017aEUR(TM)s trading in Powershares DB Gold (<a href="http://www.marketintelligencecenter.com/symbol/DGL">DGL</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 2.40% or 3.78% (for comparison purposes only), while providing 4.40% downside protection. The trade is a Jul 20, 2018 covered call at the $40 level for a net debit of about $39.06. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $40.66 and $41.08, respectively.

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