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))
Gapping up Wednesday threatened to confirm Tuesday’s breakout, but following-through only briefly then reversed down and filled the gap back to Tuesday’s close.

Gold Dec Contract (GC, ETF: (GLD))
Momentum from Tuesday’s close above 1280.50 extended overnight to test 1290.00 at Wednesday’s open. But the balance of the morning reversed back down well into negative territory to avoid confirming Tuesday’s reversal attempt.

Silver Dec Contract (SI, ETF: (SLV))
Initially following-through with Tuesday’s rally into Wednesday’s open had probed 17.11 resistance by nearly a dime before reversing back down into negative territory, testing the 16.95 sell signal.

30-year Treasury Dec Contract (US, ETF: (TLT))
Rallying overnight extended through Wednesday morning to probe the 154-02 bounce potential by 7 ticks, then reversed down to 153-12. Closing under 153-22 would be low enough to suggest the corrective bounce had ended already. Recovering to attack 154-02 helps to keep alive the bounce potential.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Tuesday’s test of the 55.35 pullback limit probed slightly lower overnight and into Wednesday’s open. But not closing under 55.35 held the pullback limit, and allows triggering a buy signal back above 56.00.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Probing slightly lower Wednesday morning initially reacted up from the 3.09 pullback limit to 3.15, but only to resolve down to Tuesday’s lows. Thursday’s EIA report is not being greeted from a position of strength.