Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Daily Spot… – If, Then… Market Timing

Daily Spot…

By Rod David | August 27, 2018 - 2:22 pm

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))
Firming temporarily Sunday night was followed Monday morning to fresh highs including the next higher resistance at 1.1700. The current sell signal at 1.1600 will be raised.

Gold Dec Contract (GC, ETF: (GLD))
Friday’s surge up to 1215.00 had much more room available for a pullback than just 1209.50, which was recovered to fresh highs attacking 1220.00 resistance.

Silver Sep Contract (SI, ETF: (SLV))
Sunday night’s fluctuation around 14.78 resistance where Friday once again close was somewhat improved Monday, having potential for a temporary detour to 15.05 before fulfilling an intraday test of 14.45.

30-year Treasury Sep Contract (US, ETF: (TLT))
Friday’s post-close blip-up to fresh recovery highs at 145-29 was touched Sunday night, and then retraced back down to Friday’s 145-02 low Monday. The ineffectual pessimism had started to become restrained optimism, which is an unnecessary stage on the way to surging.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Flat-to-lower ranging Sunday night held the upper-end of 68.00-68.25 support, maintaining the upside target at 70.55.

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Friday’s dip extended lower Sunday night to within a nickel of the pullback’s 2.85 objective, and then another 2-cents closer intraday.

Posted in Bigger Picture, Daily Spot, members-only