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))
Wednesday’s bounce had created a little more room to extend the corrective bounce, but Thursday morning’s ECB statement and Draghi’s press conference triggered a gap down that extended sharply lower to fresh lows through the morning. The 1.1760 support was probed to its lowest levels yet at 1.1687.

Gold Dec Contract (GC, ETF: (GLD))
Firming overnight to attack 1284.00 was retraced to range most of the morning within 1277.50-1280.50, but breaking lower into the noon hour probed under Tuesday’s lows to test 1267.50. The bullish scenario now relies on forming a Double Bottom with the Employment Situation report’s 3-week old low.

Silver Dec Contract (SI, ETF: (SLV))
Overnight firming only tested 17.00 as resistance but resumed ranging just under 17.00 intraday Thursday morning, then breaking lower to test 16.75. A recovery still relies on closing above 17.11.

30-year Treasury Dec Contract (US, ETF: (TLT))
Firming into Thursday’s open only tested 151-22 before reacting back down into Wednesday’s range. At least an eventual lower close is likely outstanding, although meanwhile there is potential for a bigger corrective bounce up to 152-22.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Thursday firmed to attack 52.70 which pierced recent highs, still targeting at least unfinished business above at 53.00.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Greeted Thursday’s EIA from a position of weakness, having triggered its 2.96 sell signal targeting 2.84. Gapping down to 2.87 fluctuated there through the session.