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

iShares MSCI Global Gold Miners (RING) Showing Bearish Technicals With Resistance At $15.63

Dec 06, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on iShares MSCI Global Gold Miners (<a href="">RING</a>). Look at the Jul 19, 2019 $15 covered call for a net debit in the $14 area.<br /> <br /> This trade has a duration of 225 days. The break-even point of this trade is the same as the net debit, which gives this trade 7.58% downside protection. If the stock closes at or above $15 at expiration this trade will return 7.05% or 11.46% (for comparison purposes only). <br /> <br /> RING closed Dec 5, 2018's trading session at $15.15. In the past year, the stock has hit a 52-week low of $13.33 and 52-week high of $20.35. iShares MSCI Global Gold Miners stock has been showing support around $14.89 and resistance in the $15.63 range. Recent technical indicators for the stock are bearish.

(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 52.13
Nat Gas 9.478
Corn 385 4/8
Cotton #2 80.23
Gold 1254.0
Copper 2.7485
Euro 1.13895
USD Index 96.476
SP500 E-mini 2636.75
DJIA E-mini 24432