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))
Gapping up Thursday to the two-week old prior highs attacking 1.1200 was reversed back down immediately, spending the balance of the session ranging narrowly around unchanged. Further delaying a retest of the post-Brexit 1.0945 low would make a bigger bounce to 1.1300 likely first.

Gold Aug Contract (GC, ETF: (GLD))
Holding the 1346.50 buy signal’s test was reversed down sharply Wednesday night to fresh reaction lows testing 1320/50. Being the decline’s second gap fill. it produced a reaction that held the adjusted 1334.00 buy signal.

Silver Jul Contract (SI, ETF: (SLV))
Gapping down Thursday held 20.05 to avoid reversing down, maintaining the positioning for a breakout targeting prior highs above 21.15.

30-year Treasury Sep Contract (US, ETF: (TLT))
Already gapping back down Thursday to and through the 174-10/174-24 pullback limit and sell signal’s range has cut short Wednesday’s corrective bounce. The impatience suggests makes a complete recovery likely after fulfilling the nearest target at 170-16/171-08.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping is no more credible for ending the decline Thursday than was its attempt Monday, although 46.00 has little or no excuse not to hold as resistance this time while maintaining the 43.00 target.

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Thursday’s reaction to EIA was muted, so potential to a lower low down to 2.65 can’t be dismissed before recovering, although now closing back above 2.80 would start to signal a rally attempt underway.