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))
Sunday night’s probe of fresh lows testing its next objective had been isolated to the overnight, recovering enough in time for Monday to be only an “inside day” within Friday’s range. Sunday night’s low would still need to be retested, likely to close lower since the isolation attempt had failed. Tuesday’s open did dip back under prior intraday lows.

Gold Dec Contract (GC, ETF: (GLD))
Overnight strength attacked the 1266.00 buy signal that would negate the likelihood for attacking prior lows or probing them down to 1236.00.

Silver Dec Contract (SI, ETF: (SLV))
Gapping up Tuesday stopped short of touching the 17.80 buy signal that must be recovered to suggest the basing has ended.

30-year Treasury Dec Contract (US, ETF: (TLT))
Monday’s bounce held the 164-08 buy signal that would trigger a corrective bounce up to 166-19. Tuesday’s open retested it.

Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
More flat to higher ranging Tuesday remained within proximity to retest the 51.50 target, which remains likely to send price back down for at least a deeper correction. Closing above 51.50 would put into play 54.60.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Having failed to hold 3.26 during Monday’s pullback, resuming the rally required recovering above 3.29. Probing it Tuesday morning by 2 cents still settled back down to 3.26, keeping the door open to another attempt.