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))
Dipping again on Friday suggests the 2-day bounce has held its resistance, but the dip wasn’t yet deep enough to confirm downside momentum is reinstated and that lower targets are back in-play.

Gold Dec Contract (GC, ETF: (GLD))
Firming both before Friday morning’s payrolls report and after it were each rejected by reactions down. Which is how the afternoon was entered, ready to resume the decline next targeting an intraday retest of at least 1272.50.

Silver Dec Contract (SI, ETF: (SLV))
Flat-to-higher ranging both before and after Friday morning’s payrolls report apparently absorbed the reactions without triggering a buy signal. Almost any immediate buying pressure coming out of the weekend would be credible for reversing the downtrend that targets fresh lows.

30-year Treasury Dec Contract (US, ETF: (TLT))
Friday’s Employment Situation report was greeted from a position of weakness for still testing its 143-18 sell signal, or at least not from a position of strength above its 143-26 buy signal that was only attacked Thursday. The reaction was to gap down and probe under prior lows down to 142-12. Fresh lows into a weekend are difficult to reverse without first following-through.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Overnight firming didn’t persist into Friday’s session, which ranged sideways back down to Thursday’s 67.00 low, and under the 68.40 buy signal.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Friday’s slightly lower lows into the weekend both confirmed that Thursday’s fresh low close did not completely fulfill downside selling pressure, while also being likely to extend the downtrend coming out of the weekend.