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))
Probing overnight under the 1.1955-1.1970 pullback limit. It was still being tested Monday afternoon, if not recovered, and must hold to keep in-play 1.2030 and 1.2090.

Gold Dec Contract (GC, ETF: (GLD))
Ending Monday while testing or piercing the 1337.50 sell signal extended down overnight to test 1327.00. Tuesday’s open had already recovered much, but only to test 1333.00-1334.00 as resistance intraday. A deeper pullback would target 1318.50 if not already rallying at Wednesday’s open.

Silver Dec Contract (SI, ETF: (SLV))
Dipping overnight held above Monday’s intraday lows while also holding another test of the 17.90 sell signal. First testing 17.60 as support would make a recovery more credible for extending back to the highs.

30-year Treasury Dec Contract (US, ETF: (TLT))
Monday’s minimum pullback objective under 156-00 still had potential for extending down to 155-16 or even to 155-04. Both were tested Tuesday, which would end the decline on a close back above 155.26.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Ranging narrowly Monday around 48.00 instead of trending above it still hasn’t confirmed that the 47.25 pullback limit has held, or that the eventual third higher close required by last week’s confirmed breakout is back in-play.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Monday’s upward-biased inside day had held the 2.95 sell signal as resistance. But that didn’t prevent trending higher overnight from gapping up Tuesday to the 2.98 buy signal and extending higher intraday to test 3.02. Not extending the rally Wednesday would all but require testing 2.84 and probably lower.