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))
Friday morning’s narrow ranging around the 1.1765 sell signal helped to confirm its relevance in a way not yet done this week, but it still has yet to resolve.

Gold Dec Contract (GC, ETF: (GLD))
Rallying overnight to probe the 1305.00 target by a couple of dollars was reversed back down through the morning and noon hour to test negative territory and the 1290.00 pullback limit. Friday’s 1301.20 gap up above all prior highs does still want to be retested before a decline can be credible for extending.

Silver Sep Contract (SI, ETF: (SLV))
Gapping up Friday to 17.20 was not above prior highs  So, despite probing higher, reversing down into negative territory under 17.00 doesn’t leave any “unfinished business above” before a durable decline would be credible.

30-year Treasury Sep Contract (US, ETF: (TLT))
Sharply higher highs to 156-12 Friday are entirely in-line with the bullish pattern continuing to unfold, and its destination as a flight-to-safety amid broader market behavior. Stocks turning up triggered a pullback to last week’s “lower prior highs” at 155-16 as support.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Initially firming a little Friday morning extended more substantially through the morning to probe the 48.25 sell signal. The ongoing series of lower lows and lower highs has its first higher high, but still needs another to reverse the trend up. Meanwhile, closing back above 48.75 would signal a new rally leg already underway, instead of retesting the lows fist.

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
So long as 2.95 isn’t recovered, more thoroughly testing the 2.92 .bounce limit into Friday morning didn’t invalidate Wednesday’s break under 2.91 that had put into play a test of 2.81-2.82.