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))
Probing slightly lower overnight and a little more so Tuesday morning only extended the break under 1.1930, but has yet to close under 1.1860 where a bigger downleg would be signaled.

Gold Dec Contract (GC, ETF: (GLD))
Initially weak Tuesday morning held “lower prior highs” at 1291.00-1292.00, and recovered the 1293.00 pullback limit to maintain potential for confirming Monday’s breakout attempt.

Silver Dec Contract (SI, ETF: (SLV))
Tuesday’s opening break under 16.95 collapsed to attack 16.70, whose break would next target 16.50.

30-year Treasury Dec Contract (US, ETF: (TLT))
Flat-to-lower ranging overnight began firming Tuesday morning and extended to fresh highs attacking 154-28. The rally has no excuse not to resume without further delay, or else break back under 154-00 to 153-00 or lower.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Overnight weakness retested Monday’s low, still needing to close above last Thursday’s 58.15 highs — decisively — to confirm having absorbed the pullback and resuming the rally.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Gapping up several cents Tuesday continued to leave outstanding the gap back down to Friday’s 2.92 close, and now also the gap back down to Monday’s 3.02 close, both of which undermine a recovery attempt. Tuesday’s test of 3.14-3.16 resistance is likely to hold through the close to contain the corrective bounce.