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))
Thursday’s ECB-plunge to and through 1.1760 to attack 1.1680 extended lower overnight. Gapping down Friday resumed the decline to test 1.1605.

Gold Dec Contract (GC, ETF: (GLD))
Probing only slightly lower overnight tested 1264.00 before bouncing back above was able to hold 1266.50 through Friday morning, which starts to suggest the 3-week old low’s retest is holding.

Silver Dec Contract (SI, ETF: (SLV))
Extending lower overnight gapped down Friday to test 16.60, still having potential to also test 16.50, despite the post-open reaction filling the gap back up to Thursday’s 16.80 close — if not also because the gap-fill held.

30-year Treasury Dec Contract (US, ETF: (TLT))
Friday’s open touched Wednesday’s 150-10 low and reacted up in reaction to a favorable Fed headline. Thursday’s 151-12 high was attacked, still likely to produce a new trend low close before bottoming again.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh highs overnight continued to slow-play the ongoing firming, stopping pessimistically short of the outstanding minimum requirement to retest 53.00. Post-open action steepened the slope and extended through Friday morning to attack the next higher objective at 54.15.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Extending down overnight tested the 2.96 sell signal’s 2.82-2.84 target. Gapping down Friday to 2.82 extended lower to attack the week-old 2.77 low. Now that the target is met, I’ll be rolling coverage forward to Dec, which trades at a 15-cent premium to Nov, and has developed a deeper relative decline to fresh lows.