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

Potential Canadian Natural Resources (CNQ) Trade Targets 3.05% Return

Feb 07, 2018 ( via COMTEX) --

After Feb 6, 2018aEUR(TM)s trading in Canadian Natural Resources (<a href="">CNQ</a>) the option-trade picking algorithms that power's Artificial Intelligence Center uncovered a trade that offers a 3.05% return, or 30.17% annualized (for comparison purposes only), while providing 5.79% downside protection. The trade is a Mar 16, 2018 covered call at the $31 level for a net debit of about $30.07. The net debit is also the breakeven point for this trade. Standard & PooraEUR(TM)s has a 5 STARS (out of 5) strong buy ranking on Canadian Natural Resources. Technical indicators for the stock have been bearish and support and resistance have been in the area of $30.47 and $33.13, respectively.

(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 62.40
Nat Gas 2.601
Corn 367 4/8
Cotton #2 77.16
Gold 1349.2
Copper 3.2115
Euro 1.24230
USD Index 89.013
SP500 E-mini 2730.50
DJIA E-mini 25193