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 firm open didn’t improve very much, which doesn’t suggest that testing 1.1175 support is yet done, and that it’s break remains possible.

Gold Aug Contract (GC, ETF: (GLD))
Firming Monday tested the decline’s 1348.00 bounce limit, which should hold as resistance to maintain this leg’s 1332.00 objective.

Silver Sep Contract (SI, ETF: (SLV))
Gapping up was reversed into negative territory only momentarily. But recovering from negative territory must be exploited by extending higher, or else at least a temporary probe lower remains likely.

30-year Treasury Sep Contract (US, ETF: (TLT))
Gapping down and sliding again Monday may have been bullish, having filled the gap back down to Thursday’s 121-29 close. And the drop originated from a position of strength, having closed Friday back above 172-26 and overlapping 173-04. But there should be little if any further delay to rallying, let alone backing-and-filling, to avoid a deeper downleg.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Friday’s break above 43.35 extended higher Monday to attack 46.00. Closing higher is a second consecutive confirming close, requiring an eventual third higher close..

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Briefly piercing above Friday’s range didn’t extend higher Monday. But it also didn’t immediately react bearishly to Friday’s “ineffectual optimism.” Further initial strength Tuesday would be likely to trend higher intraday.