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 up slightly Tuesday didn’t prevent dipping back down to test Friday’s lows, which were testing “lower prior highs” at 1.1730-1.1755. So long as the support area holds, there remains potential for probing fresh highs above 1.1945.

Gold Dec Contract (GC, ETF: (GLD))
Rallying overnight ran into 1271.00 resistance that triggered a reversal to fresh lows attacking 1257.00. Its reaction up tested Monday’s 1264.00 close, but more importantly held above 1261.00 to avoid completing a bottom.

Silver Sep Contract (SI, ETF: (SLV))
Gapping up Tuesday was reversed down from 16.45 resistance. But its reaction down to fresh lows was recovered back into positive territory. It’s not a completed bottom, but the behavior does suggest that a pullback is ending with potential for a bounce up to 16.60 or 16.70.

30-year Treasury Sep Contract (US, ETF: (TLT))
Probing a fresh low had room down to 153-16 before signaling a deeper drop underway. It was only attacked Tuesday morning, keeping alive the likelihood for retesting last week’s highs up to 155-16.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Still fluctuating in the range, closing above 50.10 would trigger a new upleg, but under 48.25 would help to confirm that a more substantial retracement back to the lows is underway.

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Probing higher overnight was retraced into Tuesday’s open. The initial dip was reversed back into positive territory. A second consecutive positive close does suggest that a bottom has formed, with some potential for probing a fresh low, but now very likely to recover and reverse up.