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))
Wednedsay’s gap down tried resuming the decline immediately after Tuesday had filled the gap back up to last Thursday’s close. That would have been credible, had the gap down extended lower intraday. But it did not, keeping alive potential for a bigger corrective bounce, which was attempted Thursday morning by probing above Tuesday’s highs. The decline is free to resume at any time.

Gold Dec Contract (GC, ETF: (GLD))
Probing above Wedneday’s high to 1295.00 was still reacted back down to test 1277.50, which must be maintained as support to keep alive the potential for launching a new rally leg in to the weekend, instead of a retest of last month’s Employment Situation report lows.

Silver Dec Contract (SI, ETF: (SLV))
Wednesday’s close above the 17.11 buy signal was still only overlapping it, which Thursday also did despite probing slightly higher intraday.

30-year Treasury Dec Contract (US, ETF: (TLT))
Sideways ranging overnight hovered above the 152-20 bounce limit that had been probed intraday up to 153-10. That was only improved intraday Thursday up to 153-22, filling the 2-week old gap that was created on by launching the interim downleg. Back under 152-10 would signal momentum reversing down, but Friday’s Employment Situation report is otherwise being greeted from a position of strength.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Wednesday’s dip back down to the 53.88 pullback limit didn’t extend lower intraday, despite having room down to 53.50 without reversing momentum while still targeting 55.70.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Thursday’s EIA report wasn’t greeted from a position of strength, but not from a position of weakness, either. Gapping up slightly firmed intraday to attack 2.97 whose recovery would signal the next rally leg is underway.