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))
Monday’s narrow ranging up to 1.1700 didn’t gain any traction to extend the bounce, and back under 1.1635 would resume the decline.

Gold Dec Contract (GC, ETF: (GLD))
Friday’s late break under the 1275.50 sell signal was still overlapping it. Monday’s gap up above Friday afternoon’s 1277.00 highs is trying to invalidate the break, but must still close above 1280.50 to be credible.

Silver Dec Contract (SI, ETF: (SLV))
Monday’s gap up extended to test 17.05 which must hold as resistance to maintain the 16.95 sell signal that is targeting and 16.70 and 16.50.

30-year Treasury Dec Contract (US, ETF: (TLT))
Monday’s inside day began by gapping up to attack the 153-00 sell signal that had triggered Friday. the balance of the session drifted back down to unchanged. Immediately recovering 153-00 Tuesday would be credible for reversing up to test 154-02, but closing under 152-00 could target a retest of month-old lows under 151-00.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The narrow ranging that had begun last Monday afternoon persisted through Monday afternoon, momentarily piercing the range’s 56.45 low, still having room down to 55.35 before signaling momentum reversing down.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Gapping down several cents at Monday’s open was soon recovered to pierce Thursday and Friday’s 3.21 highs by 2 cents. That didn’t extend, and dipping back down toward the open’s gap at the multi-session low. Closing beyond the range Tuesday would be a high-confidence breakout, likely to extend in that direction.