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 Jun Contract (EC, ETF: (FXE, UUP))
Gapping down to Friday’s low and probing fresh lows under it doesn’t qualify at all for exploiting Friday’s bottoming attempt. Neither did Monday’s gap down within the prior range. But recovering from fresh trend lows to close back within the range testing unchanged at 1.1800 does keep the door open to reversing the trend up.

Gold Jun Contract (GC, ETF: (GLD))
Fresh lows Sunday night probed Thursday’s pre-open lows that Friday morning’s low had stopped optimistically short of touching. Fresh lows Sunday night were the consequence to that optimism. Bouncing back Monday to 1292.00 resistance keeps the door open to reversing the trend back up.

Silver Jul Contract (SI, ETF: (SLV))
Sunday night’s dip to 16.25 probed under Friday’s low, which had begun to resume the decline. Monday retraced it, as with Friday’s dip. But the decline still hasn’t resumed, and Monday afternoon’s reaction up was back to testing the 16.50 bounce limit.

30-year Treasury Jun Contract (US, ETF: (TLT))
Still fluctuating around the 141-04 bounce limit Monday has avoided forming a pattern any likelier to reverse up. Back above 141-24/142-02 would be credible for extending higher, but otherwise the trend remains down with new lows likely.

Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Sunday night’s spike up to 71.90 helped to reveal the upside potential now available since last week’s pullback from new highs. The surge was corrected into Monday’s open, and intraday action extended higher to 72.33. The 74.10 target is intact.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Monday morning’s dip back down to 2.82 continued holding the retest of 2.85 prior highs. But there’s still room down to 2.78 before even beginning to signal momentum reversing down.