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 Friday to Wednesday’s 1.7700 close immediately dipped to touch the 1.1735 sell signal. It’s likely to break so long as 1.1790 now holds resistance.

Gold Aug Contract (GC, ETF: (GLD))
Yet another higher probe above the prior Thursday’s 1305.00 gap — this time, to the 1307.20 buy signal — was retraced ahead of Friday’s open, keeping the door open to resolving down and resuming the decline.

Silver Jul Contract (SI, ETF: (SLV))
Because of Thursday’s flat confirmation session,a pullback targeting 16.55 before producing an eventual third higher close was likely. An overnight dip to 16.65 was retraced back into Thursday’s range to attack the 16.88 buy signal, before resolving down again into the weekend.

30-year Treasury Sep Contract (US, ETF: (TLT))
Closing above 142-22 Thursday had at least created a position of strength to help absorb another dip to 142-00. It wasn’t utilized by Friday’s inside day, which could extend higher first, with room up to 145-00 before signaling a new rally leg underway.

Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Firming overnight and into Friday’s open attacked the 66.25 buy signal to within 1 penny before dipping to 65.15. There’s still little or no bullish reason to further delay launching a new rally leg.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Friday’s gap back down to Wednesday’s close didn’t negate Thursday’s gap up, but likely only corrected it. And there’s still room for noise down to 2.85 before suggesting something bigger underway to the downside, instead of producing the third higher close that is still required from the two-week old confirmed breakout.