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

DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trading Near $26.73 Support Level

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

After Feb 8, 2018aEUR(TM)s trading in DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/SGG">SGG</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 4.85% or 18.08% (for comparison purposes only), while providing 6.02% downside protection. The trade is a May 18, 2018 covered call at the $27 level for a net debit of about $25.75. 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 $26.73 and $28.53, respectively.

(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 61.50
Nat Gas 2.659
Corn 366
Cotton #2 80.11
Gold 1332.1
Copper 3.2160
Euro 1.23430
USD Index 89.775
SP500 E-mini 2734.25
DJIA E-mini 25102
close_icon
open_icon