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))
Bouncing Sunday night held a brief test of the 1.0685 buy signal that would trigger if recovered through the close. Its reaction down dipped back under Friday’s lows to Wednesday’s afternoon highs, and only the briefest fresh low would be tolerated if the pattern is bottoming.

Gold Dec Contract (GC, ETF: (GLD))
Sunday night’s bounce was retraced back down to spend Monday morning overlapping 1188.00 whose recovery would signal a bottom is forming.

Silver Dec Contract (SI, ETF: (SLV))
Sharply higher highs Sunday night up to 16.85 were retraced by Monday morning at least back under 16.62, whose recovery would otherwise signal that a bottom is forming, if not already formed.

30-year Treasury Dec Contract (US, ETF: (TLT))
Bouncing again Sunday night continued to delay a new downleg from the recent continuation pattern. But fresh lows remain likely so long as 154-19 is not recovered.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Friday’s drop was refueled by weekend headlines to gap down Sunday night to test 45.15. But that never extended before recovering through Monday’s open as the news turned more favorable. Back above 48.00 would help to confirm that at least a fresh high — potentially up to 50.50 — remains likely before a durable downleg would be credible.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Gapping up Monday to test 3.28 helps to confirm the next higher target is in-play at 3.35-3.40. Back under 3.19 — especially by gapping down Tuesday — would suggest that gaps below 3.01 and 2.95 will be filled first.