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 Sep Contract (EC, ETF: (FXE, UUP))
Sunday night’s dip down to 1.1645 probed Friday morning’s low, but still held well above Thursday night’s 1.1620 low. Back above 1.1710 would start to trigger a corrective bounce, but meanwhile a durable bottom has not formed.

Gold Aug Contract (GC, ETF: (GLD))
Bounce potential up to 1284.00 held its tests before and after Monday’s open, trading flat-to-lower through the afternoon, remaining vulnerable to resuming the decline.

Silver Jul Contract (SI, ETF: (SLV))
The 16.65 bounce limit was attacked Sunday night before reversing down into Monday’s open. A momentary fresh low only traded flat-to-lower through the afternoon.

30-year Treasury Sep Contract (US, ETF: (TLT))
Blipping up at Monday’s open was reversed back into negative territory to test 143-16 as support. Holding its test keeps alive potential for recovering 143-24 to resume the recovery.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
[Rolling coverage forward to Aug which trades at a 15-20 cent discount to Jul]… Sunday night’s bounce came after absorbing lower lows overnight. Extending higher intraday tested the 65.65 buy signal, which can’t afford to delay triggering without resuming the decline.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Rejecting Friday’s breakout is the only near-term path down, and Monday’s gap down and extension back to 2.95 tried. Closing under 2.95 would confirm, but meanwhile closing back above 3.00 would suggest the rally was resuming.