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Powershares DB Gold (DGL) Trading Near $39.31 Support Level

Mar 20, 2017 (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 21, 2017 $39 covered call for a net debit in the $38.07 area.<br /> <br /> This trade has a duration of 123 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.29% downside protection. If the stock closes at or above $39 at expiration this trade will return 2.41% or 7.16% (for comparison purposes only). <br /> <br /> DGL closed Mar 17, 2017's trading session at $39.38. In the past year, the stock has hit a 52-week low of $36.22 and 52-week high of $44.84. Powershares DB Gold stock has been showing support around $39.31 and resistance in the $39.51 range. Recent technical indicators for the stock are bearish.

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