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 inside day was upward biased, which tends to resolve bearishly. Tuesday’s range was even narrower, so closing under Friday’s 1.0987 close is required to signal the decline has resumed.

Gold Aug Contract (GC, ETF: (GLD))
Monday’s recovery from fresh lows to almost fill the gap back up to Friday’s close was extended overnight, but a close above 1325.00 is still needed to signal another recovery attempt underway.

Silver Sep Contract (SI, ETF: (SLV))
Tuesday’s narrow ranging did not yet recover the 18.75-18.85 buy signals to resume the recovery attempt.

30-year Treasury Sep Contract (US, ETF: (TLT))
Another overnight probe well above the 171-22 buy signal was returned before Tuesday’s open, and a post-open attempt to rally was retraced to fluctuate around unchanged into the afternoon. Wednesday afternoon’s FOMC policy statement is not being greeted from weakness, but already triggering the buy signal would have been a position of strength.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh lows attacked 42.35 overnight and recovered at least to range narrowly Tuesday around 42.80. Wednesday’s EIA report is not being greeted from a position of strength, but closing back above 43.80 would start to suggest this downleg is ending.

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Gapping down Tuesday touched last week’s “lower prior highs” down to 2.68 before bouncing to fill the gap back up to Monday’s 2.75 close. The 2.80 buy signal must still be recovered thorough the close to signal a recovery effort underway.