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 narrowly ranging session didn’t alter the ongoing decline next targeting 1.6055, which resumed Wednesday morning down to 1.0680.

Gold Dec Contract (GC, ETF: (GLD))
Wednesday’s flat-to-higher ranging extended the corrective bounce while maintaining the downside targets of 1206.00 and probably also 1196.50, so long as bounces don’t recover 1239.00-1243.00.

Silver Dec Contract (SI, ETF: (SLV))
Already having maximized its room for a corrective bounce up to 17.10 Tuesday, Wednesday morning began dipping to potentially fulfill the likely retest of its 16.62 low.

30-year Treasury Dec Contract (US, ETF: (TLT))
Dipping overnight to attack 153-07 keeps alive the patterns potential bottoming, but it’s still premature for a durable rally leg.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
A temporary reaction down to the APA report after Tuesday’s close was recovered to a fresh high overnight, but that was also reversed down to attack 45.00. Wednesday’s morning’s EIA report triggered a surge to fresh highs above the rally’s 45.70 target, next targeting the 48.25 area.

Natural Gas Dec Contract (NG, ETF: (UNG, UNL))
Gapping up Wednesday probably only delays filling the gap back down to Friday’s 2.62 close, and also creates another gap below at Tuesday’s close. Neither helps to greet Thursday’s EIA report from a position of strength. But any knee-jerk reaction down that tests both lower attractions and recovers them would be bullish.