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))
Sunday night and Monday’s tests of 1.1265 resistance did not resolve in breaking higher Tuesday, further suggesting the eventual break lower remains likely.

Gold Dec Contract (GC, ETF: (GLD))
Overnight firming up to 1336.50 resolved down Tuesday to a fresh low testing 1323.50, presumably resuming the decline targeting 1296.00-1297.00 so long as bounces continue holding 1332.00 as resistance.

Silver Dec Contract (SI, ETF: (SLV))
Tuesday’s modest weakness held 18.85 which is the least bit of support still needing to break lower for resuming the drop targeting a retest of prior lows.

30-year Treasury Dec Contract (US, ETF: (TLT))
Tuesday’s 30-year auction performed horribly, slicing through the 165-20 / 165-30 target to 164-22. The requirement for at least a third lower close is now fulfilled. Closing back above 165-30 would signal the drop is bottoming.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Rallying Monday from the gap down’s test of 44.88 retesting 46.50\ was reversed overnight to gap down Tuesday and pierce under Monday’s low. Closing under 45.80 signals momentum extending down.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Initially probing higher Tuesday touched last month’s 2.94 high. The four-day sequence was fulfilled by reversing back down into negative territory at 2.88. But the sequence wasn’t entirely successful, as it was recovered back up to 2.94. Regardless, the pattern’s 3.04 target remains in-play, especially so long as 2.88 holds as support.