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))
Monday’s choppiness certainly didn’t reject last week’s repeated dips back to relative lows. So the likelihood for breaking lower to retest the post-Brexit lows remains intact.

Gold Aug Contract (GC, ETF: (GLD))
Closing back under 1365.50 Friday had signaled the intraday recovery attempt had failed. Not gapping up above it Monday makes Friday’s 1336.30 spike low likely to be retested, potentially down to 1322.00-1329.00.

Silver Jul Contract (SI, ETF: (SLV))
Gapping up Monday above all prior intraday highs still has yet to retest the 21.22 post-Brexit high. Its retest is likely so long as 20.05 now holds as support.

30-year Treasury Sep Contract (US, ETF: (TLT))
Monday’s intraday dip of more than 1 point further suggests the recent highs are toppy, as the current pattern has no higher calculable target without at least first correcting.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Sunday night’s modest strength didn’t prevent Monday attacking last week’s lows, further suggesting probing lower to test 43.00 .

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Monday pierced under last week’s 2.71-2/72 lows by 1-2 cents, essentially holding, and still requiring a close above 2.85 to resume the rally.