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))
Wedneday’s open gapped down to the 1.1675 sell signal and immediately bounced into slightly positive territory. Filling the gap back up to Tuesday’s close neutralizes its attraction above, better enabling sellers if they can trigger the sell signal through the close.

Gold Dec Contract (GC, ETF: (GLD))
Dipping overnight tested the 1207.50 sell signal by almost $1, but Wednesday’s intraday action only hovered slightly above it. Its break would initially target 1191.50 and potentially 1172.50.

Silver Sep Contract (SI, ETF: (SLV))
The 14.69 sell signal was tested overnight by at least a dime, but less so intraday Wednesday. Its break would target 14.45 and probably also retest the 14.30 low.

30-year Treasury Sep Contract (US, ETF: (TLT))
Closing under the 144-19 sell signal Tuesday didn’t extend lower overnight. Wednesday morning probed a fresh low at 144-08 that also didn’t immediately extend lower. Not closing lower Wednesday would not confirm Tuesday’s break.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Wednesday’s gap up from the three-day test of 68.00-68.25 pullback limit extended through Friday’s 69.30 high to 69.75, while still targeting 70.55.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
[Rolling coverage forward to Oct which trades at a 2-cent discount from Sep]… Gapping up Wednesday was reversed back down through the morning to retest the 2.83 target that Tuesday had fulfilled already. RSIs improved, but only triggering the 2.87 buy signal can diminish the potential for extending lower.