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’s bounce back up to the 1.1765 sell signal was extended Monday morning to attack the prior Friday’s 1.1845 close, which must be rejected back down to avoid a more substantial rally.

Gold Dec Contract (GC, ETF: (GLD))
No unfinished business above didn’t prevent Monday morning from firming back up to resistance attacking 1300.00. But there is no requirement for probing any higher, so there should be almost no delay in resuming last week’s reaction down from having fulfilled the 1305.00 target.

Silver Sep Contract (SI, ETF: (SLV))
Fluctuating relatively narrowly around unchanged Monday is not equivalent to stability, but the pattern will likely require a false break in one direction to produce a stronger move in the opposite direction.

30-year Treasury Sep Contract (US, ETF: (TLT))
Gapping up and spending Monday morning in positive territory was still contained within Friday’s range, and not yet signaling that the rally was extending.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The 48.75 corrective bounce limit held Sunday night for Monday morning to drop back to and through the 48.25 sell signal to attack 47.00. Similarly, very little retracement of the drop should delay resuming the decline.

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Still overlapping 2.95 Monday prevented decisively recovering it, which would signal that Monday’s bounce back above 2.95 had sealed a bottom, no longer needing a pullback to 2.81 for its completion.