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))
Thursday quickly dipped to retest Wednesday’s low, which itself had touched the 1.1675 sell signal. Its break would leave no unfinished business above, and initially target 1.1445.

Gold Dec Contract (GC, ETF: (GLD))
Breaking through the 1207.50 sell signal Thursday only attacked 1202.00, still targeting 1191.50 and probably 1172.50.

Silver Dec Contract (SI, ETF: (SLV))
[Rolling coverage forward to Dec, which trades at a 13-cent premium to Sep]… Thursday’s open was greeted trending down from the 14.82 sell signal that was tested throughout Wednesday.

30-year Treasury Sep Contract (US, ETF: (TLT))
Wednesday’s failure to confirm Tuesday’s break under 144-19 was extended by bouncing further Thursday. Last-minute sentiment ahead of next Friday’s Employment Situation report is likely having an effect, but the news is not being greeted from a position of weakness that would have been reliable to react negatively.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The rally extended to within a nickel of its 70.55 minimum corrective bounce objective. Reversing down wouldn’t be credible until the target is fully tested, and the corrective bounce could meanwhile extend higher. But closing under 69.50 would suggest that a bounce peak is forming.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Wednesday’s bounce from retesting the decline’s 2.82 target failed again to close above 2.87 and reverse momentum up. It was being tested at the close, but the decline remains vulnerable to extending.