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))
Friday’s reaction down from 1.1930 probed under 1.1860 Monday, but not yet decisively enough to be reliable for resuming the decline.

Gold Feb Contract (GC, ETF: (GLD))
Monday’s gap down deeper back into Thursday’s range confirms that Friday morning’s recovery attempt did fail. Closing back above 1288.00 would still be credible for launching a rally.

Silver Mar Contract (SI, ETF: (SLV))
Monday’s retest of Friday’s low not only completed the rejection of Friday’s interim rally, but also stopped optimistically short of probing it which suggests that any near-term strength will fail.

30-year Treasury Dec Contract (US, ETF: (TLT))
Sunday night’s probe back under 153-20 was recovered Monday to at least probe and overlap 154-00. But closing above it decisively is still required to even suggest another rally effort is in-play.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Friday’s reaction down from last week’s attack on the 59.00 prior high was extended down Monday to touch the original 57.40 buy signal. There should be little delay in launching another rally effort if the pullback is only temporary.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Sunday night’s rally tested 3.10-3.12 resistance which needed to hold to maintain the 2.87 target. More than just hold, the resistance test needed to be rejected, which it was, by trending back down Monday to a fresh low at 2.96.