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))
Filling the gap Tuesday back up to Thursday’s 1.1685 close was enough to push price back down into Wednesday’s open. But the open’s lows held, and didn’t resume the decline, so a bigger bounce can’t yet be discounted.

Gold Dec Contract (GC, ETF: (GLD))
Overnight strength attacked 2582.00. Its reaction down Wednesday held 2577.50 as support, but still needs to recover 2580.50 through a close to launch a new rally leg.

Silver Dec Contract (SI, ETF: (SLV))
Despite not yet extending down to its 16.50 target, overnight strength probed fresh relative highs attacking 17.05. A post-open dip Wednesday was recovered to higher highs intraday. Closing above 17.11 is still the minimum requirement to suggest momentum may be reversing up.

30-year Treasury Dec Contract (US, ETF: (TLT))
Tuesday’s bounce to the 152-20 resistance reacted down into Wednesday’s open. But touching its 152-00 sell signal reacted up to fresh highs through the morning, and greeted the afternoon’s FOMC policy statement testing 153-00. A second consecutive higher close would be credible for extending higher, but back under 152-00 would target fresh lows.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Holding the shallow 53.88 pullback limit Tuesday maintained upside momentum, which probed the 54.15 objective overnight and extended higher Wednesday to 55.22. Dipping into the afternoon tested 53.88 through the close.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Tuesday’s gap down to fresh lows and session-long downtrend compensated for Monday’s ineffectual optimism that prevented fulfilling the session’s fresh low requirement. Bouncing overnight was similarly punished by reversing pre-open to trend down to fresh lows through the morning.