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US Natural Gas (UNG) Showing Bearish Technicals With Resistance At $27.18

Oct 12, 2018 ( via COMTEX) --

US Natural Gas (<a href="">UNG</a>) is a good candidate for a covered call at the $25 level. The Jan 18, 2019 call at that price should fetch a credit of about $2.79, which means the entire position has a net debit of about $23.82. This trade has 7.24% 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 $27.65.

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