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 Jun Contract (EC, ETF: (FXE, UUP))
Monday’s initial bounce filled the gap back up to Thursday’s close before resolving down. Thursday’s confirmed breakout under 1.1235 still requires an eventual third lower close.

Gold Aug Contract (GC, ETF: (GLD))
Flat-to-lower ranging continued flirting with the 1268.50-1269.50 sell signal that had held as support Friday. Almost any early buying pressure Tuesday would be credible for extending higher intraday, and into the week.

Silver Jul Contract (SI, ETF: (SLV))
Gapping down Monday to 17.09 support then extended lower to test 16.90. Just closing under 17.09 suggest the pullback has developed into a trend reversal. Recovering Tuesday to close back above 17.09 would put back into play a test of 17.90 .

30-year Treasury Sep Contract (US, ETF: (TLT))
Monday’s gap down held the 153-29 pullback limit and eventually surged to attack the 154-24 bounce limit that was tested Thursday night. Its reaction down again held 153-29, but its break would target 152-23. Otherwise, another bounce Tuesday would target 155-04.

Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Breaking higher early Monday morning probed the 46.15 buy signal, which was premature considering Thursday’s 45.29 gap down under all prior lows still requires a retest. In fact, Monday’s gap up faded back to the signal and threatened turning negative.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Gapping down Sunday night had recovered already into positive territory by Monday’s open. But gapping up held the 3.09 buy signal as resistance before reversing down into negative territory. A probe under last week’s 2.97 low is likely if Tuesday morning isn’t rallying sharply.