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 Sep Contract (EC, ETF: (FXE, UUP))
Dipping further Tuesday morning still only attacked the 1.1155 sell signal. Triggering it Wednesday would be suspicious, already expending a lot of selling pressure after having only trended down since Monday’s gap up.

Gold Aug Contract (GC, ETF: (GLD))
Tuesday’s lower lows confirmed Monday’s breakout from the multi-session range that had formed since Thursday’s open. At least an eventual third lower close is required, likely to include a test of “lower prior highs” at 1235.00.

Silver Jul Contract (SI, ETF: (SLV))
Monday’s breakout from the two prior sessions’ ranging was confirmed by a second consecutive lower close Tuesday, next targeting 16.25-16.30.

30-year Treasury Sep Contract (US, ETF: (TLT))
Another test of the 155-28 bounce limit overnight was its third. This time breaking higher has made a near-term dip back to the range’s lower-end less likely., with the next higher objective being 156-24.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping down to fresh lows Tuesday doesn’t greet the post close API report from a position of strength, or Wednesday morning’s EIA report. Any knee-jerk reaction up would likely resolve down to fresh lows.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Monday’s gap down under all prior lows didn’t extend Tuesday, nor was it recovered. Not yet touching last week’s “higher prior lows” makes a bottom more difficult to form before Thursday’s EIA report.