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))
Wednesday’s “inside day” didn’t form a setup with near-term trigger or objective.

Gold Aug Contract (GC, ETF: (GLD))
Dipping a little deeper overnight didn’t extend down Wednesday, instead holding Tuesday’s lows. It certainly wasn’t reversed intraday to end the session in recovery mode. Gapping up Thursday would be the last opportunity to maintain a near-term retest of 1308.50.

Silver Jul Contract (SI, ETF: (SLV))
Probing lower overnight didn’t extend down Wednesday, but neither did it serve to slingshot price back up toward last week’s 17.80 gap up that should still be retested.

30-year Treasury Sep Contract (US, ETF: (TLT))
Without gapping up Wednesday above the 169-00 pullback limit, the current dip is not any likelier to be reversed into a new upleg targeting 171-22. Gapping up Thursday would be credible for extending higher intraday.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Testing fresh bounce highs up to 50.55 overnight was reversed intraday back down to the 48.75 sell signal, which was tested as support through Wednesday afternoon before reacting back up above 49.00.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Wednesday’s dip back down through the rally’s 2.75 target isn’t greeting Thursday’s EIA report from a position of weakness, since there is potential for a third higher close. That wouldn’t prevent an initially negative knee-jerk reaction down to 2.51 or lower.