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Powershares DB Gold (DGL) Showing Bearish Technicals With Support At $41.62

Feb 07, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Powershares DB Gold (<a href="http://www.marketintelligencecenter.com/symbol/DGL">DGL</a>). Look at the Jul 20, 2018 $41 covered call for a net debit in the $40.14 area.<br /> <br /> This trade has a duration of 163 days. The break-even point of this trade is the same as the net debit, which gives this trade 4.17% downside protection. If the stock closes at or above $41 at expiration this trade will return 2.14% or 4.79% (for comparison purposes only). <br /> <br /> DGL closed Feb 6, 2018's trading session at $41.88. In the past year, the stock has hit a 52-week low of $38.43 and 52-week high of $43.28. Powershares DB Gold stock has been showing support around $41.62 and resistance in the $42.38 range. Recent technical indicators for the stock are bearish.

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