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))
Gapping up Friday to 1.1700 extended to test 1.1745. Extending any higher would target 1.1845-1.1860. Closing back under 1.1700 would target fresh lows under 1.1595.

Gold Aug Contract (GC, ETF: (GLD))
Having fulfilled its minimum objective of a third lower close on Thursday, Friday had become more vulnerable to bouncing. It firmed, still having potential for fresh lows down to 1245.50 or 1237.50.

Silver Sep Contract (SI, ETF: (SLV))
An overnight pullback to 16.00 made a higher low before extending above Thursday’s highs to test 16.20. The price and pattern are appropriate for a corrective bounce to be ending. Otherwise, extending any higher aggressively would suggest that a bigger bounce is underway.

30-year Treasury Sep Contract (US, ETF: (TLT))
Flat, narrow ranging overnight became flat-to-higher ranging Friday. Breaking back under 144-26 would still launch a much deeper reaction down, and probably not only a temporary correction.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
A shallow pullback overnight held the newly adjusted shallow pullback limit at 72.90 before firming to a fresh high intraday attacking 74.45, and still targeting 75.30.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Gapping down Friday extended Thursday’s reaction down further under 2.96 to signal momentum reversing down.