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))
The rejection of Tuesday’s false breakout extended lower overnight to have already printed 1.11133 before Thursday’s open. The reversal remains intact so long as bounces now hold a test of .

Gold Aug Contract (GC, ETF: (GLD))
Extending Wednesday’s pullback overnight was already recovered enough on the BOE move for Thursday’s open to gap up. A fresh high testing 1375.50 remains likely, and also remains likely to hold.

Silver Sep Contract (SI, ETF: (SLV))
Sharply lower lows overnight attacked 20.05 before back to unchanged on Thursday morning’s BOE report. Closing above 20.55. would signal the rally to test 21.15 had resumed.

30-year Treasury Sep Contract (US, ETF: (TLT))
Flat-to-lower ranging overnight at or under 171-22 responded bullishly to Thursday morning’s policy statement, probing intraday well above the 172-26/173-04 buy signal —  and retesting 172-26 as support. A second consecutive higher close Friday would confirm at least a test of 176-10 is in-play.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Thursday’s bounce exceeded Tuesday’s test of the 40.80 bounce limit, filling a recent outstanding gap at 41.55 and then probing its prior high above 42.00. Closing back under 40.65 would resume the decline.

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Thursday’s EIA report was greeted from a position of strength, which managed only to soften any knee-jerk reaction while ranging choppily sideways. Almost any initial rally Friday would be credible for extending higher into the weekend.