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US Natural Gas (UNG) Trading Near $6.99 Support Level

Mar 21, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on US Natural Gas (<a href="">UNG</a>) could yield about 15.68% (18.78% annualized, for comparison purposes only) in 305 days. Pair a long position in the stock with the Jan 19, 2018 $7 call for a net debit of about $6.04. This position also has 15% downside protection. US Natural Gas closed at $7.11 Mar 17, 2017. Technical indicators for UNG are bearish and support and resistance have been about $6.99 and $7.23, respectively.A

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