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))
Not confirming Tuesay’s breakout on Wednesday had made Thursday weakness likely. Thursday’s shallow weakness was unlikely to extend Friday, so it firmed back up into the range. Ultimately, 1.1760 remains unlikely to be recovered before returning to new lows.

Gold Dec Contract (GC, ETF: (GLD))
Rallying sharply to fresh highs Friday above 1285.50 is targeting 1301.00 and potentially 1313.00. Being a Friday breakout, immediately follow-through requires pullbacks to hold 1290.50.

Silver Dec Contract (SI, ETF: (SLV))
Friday’s rally above 17.11 probed the 17.30 buy signal through the noon hour’s exit. A second consecutive higher close Monday would confirm a breakout.

30-year Treasury Dec Contract (US, ETF: (TLT))
Dipping a little deeper overnight still avoided trending Friday beyond the prior several sessions’ range, despite bouncing into the noon hour up to 154-05.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Holding the 55.35 pullback limit for three days finally resolved by rallying sharply overnight to the 56.00 buy signal, and then through it Friday to attack the 56.65 confirmation level.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Rallying overnight probed above downtrending resistance of the two-session Falling Wedge pattern, but held the trendline’s last contact point and 3.12 to avoid reversing the trend up. At least a retest of 3.05 is likely.