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 Dec Contract (EC, ETF: (FXE, UUP))
Thursday’s bounce back above the 1.1265 sell signal after two consecutive closes under it suggests the bounce will fail. In fact, testing Monday’s “higher prior lows” up to 1.1288.did reverse back under the signal.

Gold Dec Contract (GC, ETF: (GLD))
Dipping deeper overnight to attack 1318.50 into Thursday’s open was retraced into positive territory above 1326.00. Nevertheless, the decline’s momentum remains intact under 1329.00.

Silver Dec Contract (SI, ETF: (SLV))
Overnight weakness didn’t extend down and Thursday morning bounced as the decline’s momentum remains intact under 19.35.

30-year Treasury Dec Contract (US, ETF: (TLT))
Having reacted down already Wednesday from testing the 170-02 objective, gapping down Thursday extended down slightly further to test the rally’s 168-22 pullback limit down to 168-09. Its reaction bounced back to within 4 ticks of 170-02, suggesting the recovery remains intact.

Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The rally extended sharply higher Thursday and attacked its 49.00 target up to 48.32. No other upside attractions are outstanding, so back under 47.45 would signal the rally was ending, and under 46.90 would signal momentum reversing down.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Thursday’s weakness was contained within Wednesday’s range. Having greeted the day’s EIA.report not from an optimal position of strength, the reaction suggests that its pessimism is ineffectual. Any initial strength Friday would be credible for extending higher into the weekend.