Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
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

US Natural Gas (UNG) Trading Near $22.30 Support Level

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

US Natural Gas (<a href="http://www.marketintelligencecenter.com/symbol/UNG">UNG</a>) closed Feb 8, 2018 at $22.73 and technical indicators recently have been bearish. With those figures in place, the algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have identified a couple of attractive trading opportunities in US Natural Gas for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $15 call and a short position in the Jul 20, 2018 $22 call for a net debit of about $6.68. This trade has an assigned return of 4.63% and 4.61% downside protection. For more a more conservative play, look at a covered call using the Jul 20, 2018 $22 call for a $6.68 net debit. This trade has an assigned return of 5.36% but the downside protection increases to 8.17%. Over the last 52 weeks the stock has traded between $20.40 and $31.84.A

(C) Copyright 2018, Marketintelligencecenter.com. 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 60.99
Nat Gas 2.645
Corn 365
Cotton #2 80.25
Gold 1325.9
Copper 3.1670
Euro 1.22995
USD Index 90.005
SP500 E-mini 2687.00
DJIA E-mini 24630
close_icon
open_icon