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))
Wednesday’s failure to confirm Tuesday’s breakout extended slightly lower into Thursday’s open, and essentially remained exclusively in negative territory intraday.  Price was still contained within Tuesday’s range for a second consecutive session, suggesting that momentum hasn’t yet versed down — or else requires gapping down.

Gold Dec Contract (GC, ETF: (GLD))
Firming to range Thursday within the 1277.50-1280.50 range leaves the pattern vulnerable to break in either direction into the weekend, which would be credible for extending into next week.

Silver Dec Contract (SI, ETF: (SLV))
Gapping up slightly and extending slightly higher intraday was largely contained between 17.05-17.11 and remained vulnerable to closing under 16.95 and resuming the decline.

30-year Treasury Dec Contract (US, ETF: (TLT))
Dipping overnight didn’t help to confirm that Wednesday’s test of 154-02 would resolve up. Thursday’s narrow inside day at least avoided closing back under 153-22. Back under 153-00 would start to signal a retest of 151-16 or new lows under 150-16.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fluctuating narrowly for a second consecutive session Thursday essentially held the 55.35 pullback limit which keeps alive the 56.00-56.65 buy signal.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Thursday’s EIA report was greeted neither from a position of weakness nor strength. The session’s initial bounce was retraced to retest Wednesday and Thursday’s lows down to 3.05. Closing back above 3.12 would resume the rally, but there is otherwise room down to 2.97-3.00.