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))
Gapping down Monday from Friday’s bounce hasn’t invalidated the upside momentum still having potential to 1.1100.

Gold Dec Contract (GC, ETF: (GLD))
Monday’s open gapped down from Friday’s late surge and its post-close extension that had ultimately tested and held 1283.50. Narrow ranging intraday didn’t try resuming the rally, but also doesn’t make 1266.00 and 1252.50 likelier yet to be tested in reaction.

Silver Dec Contract (SI, ETF: (SLV))
Monday’s price action hugged the 17.80 resistance whose recovery would start to signal a new upleg possibly forming.

30-year Treasury Dec Contract (US, ETF: (TLT))
Firming Monday back up to Friday’s 162-23 high still has potential for testing 163-02 before one more probe of fresh lows prior to this week’s Employment Situation report.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Sunday night’s drop to fresh lows extended down further Monday, now requiring bounces to hold 47.50-47.70 to maintain the decline’s momentum.

Natural Gas Dec Contract (NG, ETF: (UNG, UNL))
Friday’s failure to already recover 3.12 doomed to failure Monday morning’s probe above it. Gapping up to test 3.16 was reversed throughout the morning back into negative territory and into last week’s Symmetrical Triangle, testing 3.03. Fresh lows are likely before a rally would be credible.