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))
Initial weakness Sunday night didn’t extend Monday, as the session ranged narrowly sideways, still likely to resolve down to lower objectives.

Gold Dec Contract (GC, ETF: (GLD))
Narrow, choppy ranging Monday doesn’t confirm or undermine the pattern, which remains likely to resolve lower targets beginning at 1272,50.

Silver Dec Contract (SI, ETF: (SLV))
Monday’s very narrow ranging would normally suggest the first trending attempt will reverse back into the range. But beginning explosively, either up or down, would be much likelier to trend in that direction.

30-year Treasury Dec Contract (US, ETF: (TLT))
Flat-to-lower ranging Monday consolidated Friday’s collapse to fresh lows. It also avoided confirming Friday’s breakout that would otherwise require at least one more lower close. But the decline’s momentum otherwise remains intact for at least an intraday probe lower.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Sunday night bounced to test the 68.40 buy signal, but its resistance sent price back down into Thu-Fri’s range at 67.33. A second test of the buy signal would be much more reliable for extending higher intraday.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
A fresh low at 2.75 Monday morning snapped up slightly to 2.81, which is too shallow to signal momentum reversing up. But a second consecutive higher close on Tuesday would suggest at least that a bottom is forming.