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US Natural Gas (UNG) Showing Bearish Technicals With Resistance At $23.34

Mar 08, 2018 ( via COMTEX) --

US Natural Gas (<a href="">UNG</a>) is a good candidate for a covered call at the $23 level. The Jul 20, 2018 call at that price should fetch a credit of about $1.53, which means the entire position has a net debit of about $21.68. This trade has 4.09% downside protection. Technical indicators for the stock are bearish and US Natural Gas has a 52-week low of $20.40 and 52-week high of $31.72.

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