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Powershares DB Gold (DGL) Trading Near $42.13 Resistance Level

Feb 08, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Powershares DB Gold (<a href="http://www.marketintelligencecenter.com/symbol/DGL">DGL</a>) could yield about 2.34% (5.28% annualized, for comparison purposes only) in 162 days. Pair a long position in the stock with the Jul 20, 2018 $41 call for a net debit of about $40.05. This position also has 3.84% downside protection. Powershares DB Gold closed at $41.65 Feb 7, 2018. Technical indicators for DGL are bearish and support and resistance have been about $41.37 and $42.13, respectively.A

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