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))
Gapping down Wednesday leaves unfinished business above at Tuesday’s close, in addition to the open’s gap up above all prior highs.

Gold Aug Contract (GC, ETF: (GLD))
An overnight mini flash crash was recovered into Wednesday’s open to retest the 1244.00 target that had held its test Tuesday. It held its test Wednesday, too, and back under 1236.00 would now signal the trend reversing back down.

Silver Sep Contract (SI, ETF: (SLV))
Overcoming an overnight dip into Wednesday’s open only retested Tuesday’s highs in the 16.32-16.34 range. Now closing back under 16.02 would signal the trend reversing back down.

30-year Treasury Sep Contract (US, ETF: (TLT))
The recovery wasn’t quick to resume Wednesday, but didn’t have to, as the durable bottom has already formed. Any reaction down — even an intraday probe of prior lows — would be likely to recover and to resume the rally.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Tuesday’s post-close bobble in reaction to API was invisible at Wednesday’s open. Wednesday’s reaction to API was more obvious, surging back to the range’s 47.00 upper-end. Now closing back under 46.00 would signal momentum reversing down, which would be confirmed under 44.90.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Shallow higher highs Wednesday morning tried to outrun the attraction back to 3.01 that could inhibit the recovery.