Daily Spot…

A daily summary of high-profile members of several complexes… View a more detailed discussion of each chart at the end of today’s Market Wrap.

Eurodollar Sep Contract (EC, ETF: (FXE, UUP))
Despite Thursday’s gap down having held the 1.1315 pullback limit, lower lows were probed Friday morning, extending down to 1.1245. Avoiding a second consecutive lower confirming close Monday would maintain the likelihood for retesting Wednesday’s highs.

Gold Aug Contract (GC, ETF: (GLD))
Friday morning’s rally filled the last outstanding gap at 1277.00 up to 1281.00, still needing to hold 1268.50 to maintain momentum next having potential up to 1312.00.

Silver Jul Contract (SI, ETF: (SLV))
Extending higher Friday morning to attack 17.40 kept in-play potential for the next higher objective at 17.60.

30-year Treasury Sep Contract (US, ETF: (TLT))
Falling stocks generated a flight-to-safety that pushed through 168-00 to gap up Friday and probe higher highs. An intraday dip held 168-00 as support to maintain the uptrend’s momentum.

Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Probing the 50.15 sell signal overnight extended down Friday morning, testing the original 49.00 sell signal by the afternoon. Its break, too, would help to confirm the capitulative stage has arrived, so long as 50.15 isn’t recovered.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Thursday’s powerful knee-jerk reaction up on the EIA report didn’t extend any higher Friday. But its pullback was shallow, with room down to 2.51 or 2.47 to help refuel the rally.