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))
Firming Tuesday to 1.0650 stopped short of 1.0685 whose recovery would prevent retesting last week’s low to form a durable bottom.

Gold Feb Contract (GC, ETF: (GLD))
Still fluctuating around 1191.50 resistance (basis Feb, 1188.00 basis Dec) instead of rallying above it doesn’t qualify as completing the current bottoming attempt, or as rejecting its vulnerability to probing a fresh low at 1170.00.

Silver Mar Contract (SI, ETF: (SLV))
Rallying Tuesday probed above the 16.70 buy signal (basis Mar, 16.62 basis Dec) to 16.78, but still overlapped it to avoid completing the bottom.

30-year Treasury Dec Contract (US, ETF: (TLT))
Firming Tuesday further delayed resuming the continuation pattern’s break lower, which questions whether another bottoming pattern is forming. But the trend remains down unless closing above 154-19.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Monday night’s drop extended lower Tuesday morning to probe under Sunday night’s lows down to 44.80-44.85. Bouncing wasn’t recovered sufficiently to signal the pullback had ended, but closing above 47.60 would put into play fresh highs at 50.50.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Initiallly probing slightly higher Monday night, Tuesday only hovered and barely held 3.30 as support to avoid launching a pullback targeting at least two lower gaps outstanding.