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))
Wednesday’s drop from 1.1510-1.1525 resistance down to 1.1450 support tried probing a little lower overnight.

Gold Aug Contract (GC, ETF: (GLD))
Thursday morning’s overlapping of 1219.00 by only $3 still needs confirmation to put into play a retest of last week’s 1204.00 low, probably to include a test of 1199.00.

Silver Sep Contract (SI, ETF: (SLV))
Dipping Thursday attacked the 15.55-15.60 pullback below which fresh lows would be put into play.

30-year Treasury Sep Contract (US, ETF: (TLT))
Briefly probing above 153-02 overnight was retraced before Thursday’s open. Extending down to test 152-00 “lower prior highs” now allows a more durable recovery leg to begin, initially targeting 154-04.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Wednesday’s last intraday swing had neutralized the attraction back to its opening gap up at 46.00. But Thursday didn’t trend back down, and instead continued testing 46.00. Resolving down at all should begin resolving down by Friday’s open.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Greeting Thursday’s EIA report from an attack on 2.95 “lower prior highs” was recovered to 3.02 before reversing back down toward intraday lows. Filling the recent gap back down to 2.92 would be optimal for correcting the breakout so that it may resume.