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))
Wednesday’s extension of Tuesday’s post-open bounce probed slightly higher overnight, but Thursday’s flat-to-lower ranging needs to represent the decline’s resumption to keep in-play lower objectives.

Gold Dec Contract (GC, ETF: (GLD))
Gapping up to attack 1213.00 Thursday was retraced entirely to fill the gap back down to Wednesday’s 1203.00 close, and to maintain the likelihood for resolving down to fresh lows at 1272.50.

Silver Dec Contract (SI, ETF: (SLV))
Overnight firming up to 14.35 didn’t reach high enough for a retest of Tuesday’s gap down to neutralize its downside attraction.

30-year Treasury Dec Contract (US, ETF: (TLT))
Tuesday’s 143-02 low had held as support Wednesday, and launched a bounce back up to the 143-18 sell signal ahead of Friday’s Employment Situation report. That’s not high enough to greet the report from a position of strength.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The break under the 69.50 pullback limit extended down to 67.00 on Thursday’s (delayed) EIA report. Back above 68.40 would now signal momentum reversing up, targeting a retest of 71.20-71.40 to likely form a durable top.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Already extended down Thursday 2.77 fulfills the minimum third lower close required by the confirmed breakout. The trend can extend down so long as 2.85 isn’t recovered.