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, UUP))
Monday’s late dip barely touched 1.1760 before bouncing yet again. The gap back up to Friday’s close was barely touched Tuesday morning, neutralizing its attraction above, and clearing the way even further for a break lower. ECB policy statement and Draghi’s press conference is two days away.

Gold Dec Contract (GC, ETF: (GLD))
Gapping down Tuesday ranged mostly within and around the original 1277.50-1280.50 pullback target that has already held a couple of tests. Closing above 1280.50 keeps alive the bottoming potential and above 1284.50 would suggest momentum reversing up. Closing above 1288.00 would signal a new upleg underway.

Silver Dec Contract (SI, ETF: (SLV))
Silver’s slight gap down to 17.00 probed under it Tuesday morning, holding within Monday’s range, and needing to hold 17.00 to maintain the bottoming pattern. Closing back above 17.11 would help to confirm, and above 17.30 would launch a new upleg.

30-year Treasury Dec Contract (US, ETF: (TLT))
Gapping down Tuesday opened at the 151-18 pullback objective which the two-week old recovery had avoided. Now closing back above 152-20 would launch a new upleg, likely fill the gap back up to last Thursday’s 153-14 close. Closing under 151-18 would make the recovery path difficult.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
An overnight dip was recovered into Tuesday’s open and extended back to recent highs intraday. There is still no bullish excuse to further delay the minimum 53.00 attraction above, whether only to neutralize it or to probe above it. API and EIA reports are being greeted from a position of strength.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Tuesday’s narrow ranging continued to hold the 2.96 support whose break would allow a more durable bottom to form back down to 2.84.