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))
Choppy overnight action amid ECB “trial balloons” triggered a gap down Wednesday that tested Tuesday’s low. Bouncing before the FOMC Minutes filled the open’s gap, and then extended through it back to 1.1800 resistance. Not rejecting the late bounce early Thursday could extend it to fresh highs above 1.1945.

Gold Dec Contract (GC, ETF: (GLD))
An overnight dip back into the 1271.00-1281.00 range fluctuated narrowly Wednesday, until the Trump headlines triggered a surge through 1281.00. If valid for targeting a test of the highs’ Island, then Thursday must maintain Wednesday’s post-close FOMC reaction through 1285.00.

Silver Sep Contract (SI, ETF: (SLV))
Despite not recovering Tuesday’s test of the 16.60 pullback limit to close back above 16.70, Wednesday morning rallied through it as if the bottom is already in, testing 17.00.

30-year Treasury Sep Contract (US, ETF: (TLT))
Dipping overnight back down to Tuesday’s low stopped short of touching it, let alone piercing it down to 153-18. The morning’s had already recovered to Tuesday’s test of 154-10 before the Trump headlines triggered a surge up to 154-30 ahead of the FOMC Minutes release. Any higher close would signal a new rally leg underway.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Already having firmed in reaction to Tuesday’s post-close API, knee-jerk reaction to Wednesday morning’s EIA pierced a fresh high up to 48.00. It snapped back down to and through Tuesday’s ~47.00 lows, potentially resuming the 48.25 sell signal.

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Tuesday’s bounce from testing 2.92 wasn’t exploited overnight, as Wednesday opened under 2.91 and targeting 2.81-2.82.