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))
Wednesday’s gap down to and through the 1.1945 sell signal could be confirmed by a second consecutive lower close, despite it being unlikely. Thursday’s pre-open probe lower in reaction to negative ECB comments tried making it likelier, which the afternoon’s favorable US Treasury comments retraced back up to unchanged and avoided confirming the sell signal.

Gold Dec Contract (GC, ETF: (GLD))
Wednesday night’s “flash crash” was recovered entirely back above the 1310.50 pullback limit and then reversed up through an adjusted 1317.00 buy signal. The 1319.50 pullback limit was recovered, too, essentially targeting a retest of Tuesday night’s 1332.00 high.

Silver Dec Contract (SI, ETF: (SLV))
Firming Thursday retraced 61.8% of Tuesday’s intraday reversal from its 17.69 opening gap, a gap that still needs to be filled as it was above all prior highs.

30-year Treasury Dec Contract (US, ETF: (TLT))
Narrow sideways ranging Thursday continued waiting out the market’s stability, barely reacting down to the lack of demand for a “flight-to-safety.” .

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh lows overnight came within a dime of the 45.50 target but reacted up sharply to 47.35 Thursday morning. Back under 46.40 through Friday’s close may be the only way to resume the decline.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Thursday’s EIA was not greeted from a position of strength, but the pre-announcement dip to 2.91 was reversed back up sharply through 2.98 to fresh highs at 3.05. This suggests the bottom is complete, awaiting confirmation from a second consecutive higher close on Friday.