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))
Tuesday’s retest of Sunday night’s low had stopped optimistically short. Fresh lows overnight fulfilled that minimum objective, while holding 1.0994 to avoid requiring lower lows. But 1.1011 must be recovered to begin signaling a bottom may be forming.

Gold Dec Contract (GC, ETF: (GLD))
Although Tuesday’s gap up and follow-through had stopped short of the 1266.00 buy signal, Wednesday’s open gapped up above it to attack 1274.50. The bounce could extend to 1283.50, but reversing down first to attack the lows would form a more durable bottom.

Silver Dec Contract (SI, ETF: (SLV))
Gapping up Wednesday only spent the session fluctuating narrowly around prior highs, and under the 17.80 buy signal.

30-year Treasury Dec Contract (US, ETF: (TLT))
Two days spent testing the 164-08 buy signal as resistance without recovering it did try breaking higher Wednesday. Closing higher Thursday would confirm a bigger bounce underway targeting 166-19.

Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Potential for retesting the rally’s 51.50 target was fulfilled Wednesday when reaction to the EIA report triggered a surge to attack 52.00. The retest was likely to hold, and did spend much of the day hovering just above 51.50, but not rejecting it. Closing higher Thursday would confirm 54.60 is in-play

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Despite Tuesday’s gap up and test of 3.29 resistance not closing under 3.26 — only at it — an overnight slide tested 3.14. Holding it as support maintains the potential for retesting the highs, if not also for resuming the rally.