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

Gold SPDR (GLD) Trading Near $121.41 Support Level

Nov 10, 2017 ( via COMTEX) --

After Nov 9, 2017aEUR(TM)s trading in Gold SPDR (<a href="">GLD</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.40% or 8.97% (for comparison purposes only), while providing 2.45% downside protection. The trade is a Feb 16, 2018 covered call at the $122 level for a net debit of about $119.12. 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 $121.41 and $122.77, respectively.

(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 57.92
Nat Gas 3.008
Corn 345
Cotton #2 70.24
Gold 1284.9
Copper 3.1350
Euro 1.17840
USD Index 93.680
SP500 E-mini 2597.25
DJIA E-mini 23564