Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

US Natural Gas (UNG) Trading Near $22.30 Support Level

Feb 09, 2018 ( via COMTEX) --

US Natural Gas (<a href="">UNG</a>) closed Feb 8, 2018 at $22.73 and technical indicators recently have been bearish. With those figures in place, the algorithms behind's Artificial Intelligence Center have identified a couple of attractive trading opportunities in US Natural Gas for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $15 call and a short position in the Jul 20, 2018 $22 call for a net debit of about $6.68. This trade has an assigned return of 4.63% and 4.61% downside protection. For more a more conservative play, look at a covered call using the Jul 20, 2018 $22 call for a $6.68 net debit. This trade has an assigned return of 5.36% but the downside protection increases to 8.17%. Over the last 52 weeks the stock has traded between $20.40 and $31.84.A

(C) Copyright 2018, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 61.76
Nat Gas 2.652
Corn 368 6/8
Cotton #2 77.38
Gold 1339.8
Copper 3.1830
Euro 1.23580
USD Index 89.575
SP500 E-mini 2715.50
DJIA E-mini 25045