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))
Ranging narrowly Tuesday did not affect the pattern’s 1.0655 target that remains in-play so long as bounces hold 1.0835.

Gold Dec Contract (GC, ETF: (GLD))
The bounce off of Monday’s 1211.00 low didn’t much extend Tuesday, and more fluctuated in slightly positive territory, keeping alive the 1206.00 and 1196.50 targets.

Silver Dec Contract (SI, ETF: (SLV))
Bouncing Tuesday held 17.10 resistance to maintain the likelihood of retesting Monday’s 16.62 low.

30-year Treasury Dec Contract (US, ETF: (TLT))
Tuesday’s range was relatively narrow compared to Monday, which undermines the credibility of any recovery attempt before Friday. And possibly also Monday, while a bigger bottom can start forming and should revisit at least 153-07.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping up more than $1 to 44.55 Tuesday extended another $1 intraday. Now holding 44.15-44.30 would allow the rally to extend, potentially targeting 48.25.

Natural Gas Dec Contract (NG, ETF: (UNG, UNL))
Gapping up to test 2.80 could have extended higher Monday, but Tuesday’s attempt wasn’t likely to extend. But its intraday reaction down should still extend to fill the gap back to Friday’s 2.62 close, and possibly also probe the 2.55 low.