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US Natural Gas (UNG) Trading Near $23.98 Resistance Level

Jun 13, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on US Natural Gas (<a href="http://www.marketintelligencecenter.com/symbol/UNG">UNG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 18, 2019 $23 covered call for a net debit in the $21.39 area. That is also the break-even stock price for the covered call. This trade will return 7.52%, or 12.54% annualized (for comparison purposes only), in 219 days. This covered call also provides 10.08% downside protection. The current 52-week low is $20.40 and the 52-week high is $27.92. US Natural Gas stock has been showing support around $23.50 and resistance in the $23.98 range. The stock closed Jun 12, 2018's trading session at $23.79.A

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