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US Natural Gas (UNG) Showing Bearish Technicals With Resistance At $6.24

Dec 01, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on US Natural Gas (<a href="http://www.marketintelligencecenter.com/symbol/UNG">UNG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 18, 2019 $6 covered call for a net debit in the $5.05 area. That is also the break-even stock price for the covered call. This trade will return 18.57%, or 16.41% annualized (for comparison purposes only), in 413 days. This covered call also provides 16.36% downside protection. The current 52-week low is $5.78 and the 52-week high is $9.74. US Natural Gas stock has been showing support around $5.88 and resistance in the $6.24 range. The stock closed Nov 30, 2017's trading session at $6.05.A

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