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 range held up ahead of Thursday’s ECB policy statement and Mario Draghi press conference to come. They’re being greeted from a position of strength, to the extent that this week’s price action has been restrained optimism. It’s not enough to prevent a reaction down, but should enable a recovery.

Gold Dec Contract (GC, ETF: (GLD))
Attacking 1350.00 later Tuesday was retraced down to the 1337.50 sell signal. Its test held, keeping alive potential to retest 1350.00.

Silver Dec Contract (SI, ETF: (SLV))
Tuesday’s intraday attack on 18.10 didn’t extend any higher overnight. Its reaction down Wednesday held support at what had been the rally’s 17.90 target.

30-year Treasury Dec Contract (US, ETF: (TLT))
Without any “unfinished business above” Tuesday’s 157-04 high, Wednesday tried probing higher to 157-12. Its reaction down probed back under last week highs and the new 156-24 sell signal.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Wednesday’s gap up extended intraday to test 49.40. Pullbacks must now hold 47.95 to maintain the upside momentum. Closing under 47.95 — especially Thursday, which includes the week’s delayed EIA report — would be likely to retest recent lows very rapidly.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Tuesday’s dip back down to the 2.98 buy signal was recovered Wednesday to test the new 3.02 buy signal, which held. But Thursday’s EIA report is still being greeted from a position of strength, having confirmed last Thursday’s breakout with at least an eventual third higher close outstanding.