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 slightly lower low came within 10 pips of the outstanding 1.0865. target. Then it recovered back above Monday’s prior high, forming an outside day that rejected a probe under prior lows. If not exploited too quickly by impatient buyers — e.g. gapping up — then a durable bottom may be allowed to form.

Gold Dec Contract (GC, ETF: (GLD))
Probing back under the 1266.00 buy signal twice Monday was recovered again by Tuesday’s gap up. Last week’s 1276.00 high of the original probe was attacked intraday, and then probed after the close to suggest the 1283.50 bounce target is in-play.

Silver Dec Contract (SI, ETF: (SLV))
Tuesday’s retest of Monday’s high also retested the 17.80 buy signal that closing above would trigger a rally, whether temporary or durable. Once again failing to trigger it by Wednesday’s open would make an attack on recent lows likelier.

30-year Treasury Dec Contract (US, ETF: (TLT))
Dipping overnight under the 163-27 support to the bottoming pattern trying to form was recovered pre-open to also probe back above the 164-08 pullback limit and test 165-02 — all of which keeps alive the bounce’s attraction to 165-30 and 166-19.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Tuesday’s inside day wasn’t itself predictive, but it didn’t attract sponsorship to reject Monday’s probe of the current range’s lows, which itself makes a break lower likelier.

Natural Gas Dec Contract (NG, ETF: (UNG, UNL))
Rolling forward to from Nov to Dec is not directly comparable, with price differences ranging from 20 33 cents at various relevant price points. But last week’s two-day range is more defined, so its breakout Friday that was confirmed on Monday makes at least a third lower close likelier. And Tuesday’s lower close can satisfy the requirement.