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 $124.05 Support Level

Feb 09, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Gold SPDR (<a href="">GLD</a>) could yield about 2.07% (10.81% annualized, for comparison purposes only) in 70 days. Pair a long position in the stock with the Apr 20, 2018 $124 call for a net debit of about $121.48. This position also has 2.80% downside protection. Gold SPDR closed at $124.98 Feb 8, 2018. Technical indicators for GLD are bearish and support and resistance have been about $124.05 and $125.91, respectively.A

(C) Copyright 2018, 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 62.32
Nat Gas 2.600
Corn 367 4/8
Cotton #2 77.16
Gold 1349.9
Copper 3.2105
Euro 1.24280
USD Index 89.013
SP500 E-mini 2730.50
DJIA E-mini 25197