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))
Thursday morning’s dip held Wednesday’s low and its 1.1800 support whose break would target 1.1765 and potentially lower into a new downleg. Closing above Thursday’s 1.1845 high on Friday could extend the bounce.

Gold Dec Contract (GC, ETF: (GLD))
Wednesday night’s attack on the 1288.00 sell signal that was tested Tuesday doesn’t entirely confirm the recovery attempt failed, but it does suggest that a break lower could be very productive before consolidating.

Silver Sep Contract (SI, ETF: (SLV))
The 16.90 sell signal was retested overnight which continues to threaten launching a new downleg that seals a top.

30-year Treasury Sep Contract (US, ETF: (TLT))
Wednesday’s breakout close was not on-track to be confirmed by a second consecutive higher close Thursday. The morning was contained within Friday’s range, not even threatening the room for a pullback to just under 156-00 or to 155-22.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Immediately dipping back under the 48.45 sell signal Thursday extended down to the 47.25 low of its prior test, which shouldn’t have been retested at this stage unless the pattern were ready to extend down.

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
[Tomorrow I’ll roll coverage forward to Oct, which is trading at a 3-cent premium to Sep…] Gapping up Thursday to test 2.95 was reversed back down, still vulnerable to closing under 2.91 and putting back into  play a deeper pullback targeting 2.81. Hurricane Harvey’s influence could inhibit sellers.