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))
Dropping from Friday’s close to 1.1540 filled an outstanding gap below, but leaves outstanding the minimum likely attraction below at 1.1400.

Gold Dec Contract (GC, ETF: (GLD))
Sharply lower lows coming out of the weekend down to 1195.00 could finally be fulfilling a retest of the recent 1167.00 overnight low, at least own to its 1172.50 objective, but needs a second consecutive lower close to confirm.

Silver Dec Contract (SI, ETF: (SLV))
The delay in filling the month-old gap had made new lows likely under 14.30, which Tuesday’s slide out of the weekend fulfilled down to 14.03. A second consecutive lower close Wednesday would suggest much lower lows to follow.

30-year Treasury Dec Contract (US, ETF: (TLT))
Last week’s bounce was rejected immediately back under the 143-18 sell signal, probing it down to 143-02. A second consecutive lower close Wednesday would confirm last week’s bounce was only a temporary correction.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Stopping short of its 70.55 corrective bounce objective last week was not reversed down, and its reaction held the 69.50 pullback limit. Surging before Tuesday’s open gapped up to 71.22 and reacted down sharply to attack 69.50. Potential for extending higher would invalidated by closing under 69.50.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Gapping back down to 2.83 Tuesday all but rejected Friday’s close above the 2.93 buy signal. Closing under 2.83 now requires a second consecutive lower close to confirm the decline’s momentum has resumed.