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))
Still holding tests of 1.1760 support through Wednesday’s open all but ensures at least filling the gap back up to last Wednesday’s 1.1860 open before a durable break lower can begin.

Gold Dec Contract (GC, ETF: (GLD))
Tuesday’s early test of the 1285.00 buy signal was finally probed Wednesday morning. The gap up extended sharply higher intraday to 1292.50, again requiring a second consecutive higher close Monday to confirm a rally underway.

Silver Dec Contract (SI, ETF: (SLV))
Tuesday’s opening bounce had not extended that afternoon or overnight, but the reaction to Wednesday’s econ reports triggered another surge. Follow-through was limited, and held the 17.11 buy signal instead of triggering it.

30-year Treasury Dec Contract (US, ETF: (TLT))
Tuesday’s probe of fresh highs was still overlapping 154-02 resistance instead of exceeding it, which an overnight dip exploited by attacking the range’s lows. The gap down was recovered intraday back above 154-02, almost closing the door to extending the reaction down to 153-00.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The overnight rally fulfilled the retest of the two-week old 58.00 high. It wasn’t retested intraday until noon,despite gapping up. Its test held, and wasn’t rejected, suggesting further upside Monday.

Natural Gas Dec Contract (NG, ETF: (UNG, UNL))
Tuesday’s fresh close had already suggested Wednesday’s EIA report would not be greeted from a position of strength. Already gapping down Wednesday now prevents a durable recovery from forming prior to retesting the gap from above.