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))
Flat-to-higher ranging up to 1.1700 Friday didn’t yet reject the bounce, which would fail by closing back under 1.1635.

Gold Dec Contract (GC, ETF: (GLD))
Gapping down slightly to 1284.00 at Friday’s open eventually plunged $10 to test the 1275.00 sell signal. Although that did fill the gap back down to Tuesday’s close and neutralize its attraction, it undermines the recovery potential, which must close back above 1285.00 to avoid a deeper pullback.

Silver Dec Contract (SI, ETF: (SLV))
There was already no bullish reason to attack 16.95 let alone to test it Thursday. Bouncing up to 17.11 into Friday’s open resolved down sharply by plunging to 16.80. A close above 17.11is required to avoid next testing 16.70 and 16.50.

30-year Treasury Dec Contract (US, ETF: (TLT))
Gapping down Thursday to the 153-22 pullback limit and holding it didn’t prevent trending down overnight and gapping down to the 153-00 sell signal and trending down to 152-02. Closing under 152-00 would put into play “lower prior highs” at 151-04 and potentially also new lows under 150-16.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Narrow ranging Thursday continued to not extend Wednesday’s intraday surge and collapse, further suggesting that its 57.90 peak will at least be retested. But fresh relative lows Friday morning suggest a pullback to 55.35 first, with potential for being stopped short at 55.70.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Thursday’s narrowly ranging reaction to the morning’s EIA report persisted into the weekend. Monday’s pattern has no specific likelihood in this setup..