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))
Flat-to-lower ranging overnight and Tuesday morning doesn’t threaten the upside momentum, which should still at least probe fresh highs intraday. Fresh highs have room up to 1.1955-1.1970.

Gold Dec Contract (GC, ETF: (GLD))
Shallow overnight weakness was recovered by Tuesday’s open to extend the rally through the morning. Dipping back down to 1271.00 would target 1261.00 and likely reverse the trend down. Otherwise, the trend is next targeting 1303.00.

Silver Sep Contract (SI, ETF: (SLV))
An overnight dip filled gap back down to Friday’s close and reacted up to attack Monday’s highs Tuesday morning. Closing above 16.85 would signal that the rally was resuming, and pullbacks must meanwhile hold — if not also avoid altogether — a test of 16.60.

30-year Treasury Sep Contract (US, ETF: (TLT))
Initially dipping to within 1 tick of the 152-08 sell signal expended all available selling pressure without gaining any traction for the effort. Surging sharply back up through the already-triggered 152-26 buy signal and through the decline’s 153-16 inflection point was extended to attack 154-00. Wednesday has no excuse not to extend the rally further.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Re-testing 50.10 overnight reacted down Tuesday to attack 48.25, which had been the target’s pullback limit but is now the sell signal.

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Firming Tuesday morning doesn’t signal whether Monday’s plunge was a one-day wonder, but it shouldn’t prevent at least retesting Monday’s low in even the most bullish scenarios.