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 Dec Contract (EC, ETF: (FXE))
Sunday night”s bounce to 1.2700 resistance held, but its reaction has so far avoided reversing back under 1.2645 and then to retest recent lows.

Gold Dec Contract (GC, ETF: (GLD))
Sunday night”s stock market slide Sunday night sent Gold up to fresh highs at 1238.00, but that was retraced to attack 1224.00 before Monday”s open. Its reaction up held a test of Thursday”s 1231.00 prior high, keeping the corrective bounce pattern in-play.

Silver Dec Contract (SI, ETF: (SLV))
Overnight firming Sunday reacted back down into the 17.25-17.40 range that has prevented multiple rally attempts from extending higher.

30-year Treasury Dec Contract (US, ETF: (TLT))
Fresh highs Sunday night up to 142-05 were a reaction to the broader market”s decline, as was Monday morning”s extension to 142-17. It”s no longer just noise above 140-16, but a separate leg. Closing back under 141-26 would start to signal the separate extension was already done. Back under 141-20 would signal momentum reversing down — presumably aggressively.

Crude Oil Nov Contract (CL, ETF: (USO))
Sunday night”s drop avoided recent lows under 84.00 before bouncing to unchanged around 85.80. A rally isn”t yet underway, but should not be delayed much beyond Tuesday”s open unless the downleg is extending considerably.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Firming intraday Monday attacked the 3.91 buy signal, and still has potential to prove the recent drop was only a temporary correction before resuming the rally.