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 Tuesday peaked upon retracing 61.8% of the May-Aug descending triangle. The sell signal can be raised to 1.1675.

Gold Dec Contract (GC, ETF: (GLD))
Monday’s high had touched the lower-end of the 1215.00-1220.00 corrective bounce objective. Its upper-end was pierced overnight, before reversing back down under 1215.00 through Tuesday’s open. Back under 1207.50 would resume the decline targeting 1272.50.

Silver Sep Contract (SI, ETF: (SLV))
Overnight follow-through on Monday’s close above 14.79 stopped short of its 15.05 potential and got to only 14.95 before reversing back down to 14.79 through Tuesday morning. Closing under 14.67 would target 14.45 and probably also fresh lows to compensate for the detour’s delay.

30-year Treasury Sep Contract (US, ETF: (TLT))
Monday’s dip back down to Friday morning’s 145-02 low gapped down slightly and extended lower during the morning to 144-10. Its reaction tested 144-19 as resistance, whose break would signal a deeper pullback underway next targeting the original 143-11 buy signal.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Monday’s pullback to the upper-end of the 68.00-68.25 pullback limit had bounced overnight back up to Monday’s 69.20 high. But fresh lows into the noon hour retested Monday’s low, still needing to hold the pullback limit to maintain upside momentum targeting 70.55.

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
The decline extended through Tuesday morning to fulfill its minimum 2.85 target. Back above 2.90 would start to signal momentum reversing up. Meanwhile, the decline is vulnerable to extending down to 2.79.