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))
Another narrowly ranging inside day Tuesday has now formed a Descending Triangle, if not a Symmetrical Triangle. Breaking under 1.1560 would start to signal the 1.1395 target is back in-play.

Gold Dec Contract (GC, ETF: (GLD))
Tuesday’s slightly lower low under 1293.00 was recovered back into positive territory, but still too shallow to consider the ongoing decline is yet reversing direction up.

Silver Dec Contract (SI, ETF: (SLV))
Tuesday’s open slid to fresh lows under 14.00, with the nearest buy signal now being a close back above 14.33.

30-year Treasury Dec Contract (US, ETF: (TLT))
Monday’s inside day didn’t improve overnight, and Tuesday morning only resumed the decline to attack 142-00, now more than 1-1/2 points under last Tuesday’s sell signal. The decline remains intact so long as bounces now hold 142-10. Back above 142-20 would start to signal momentum reversing up.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Rallying Tuesday morning soon retested the 68.40 buy signal that had held as resistance Monday morning. Its retest was likely to extend higher without delay. The fresh recovery highs attacked 67.50, and a second consecutive higher close on Wednesdays would confirm the 71.30-71.40 objective is in-play.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Narrow ranging Tuesday morning didn’t extend Monday’s rally above 2.82, which closing above Tuesday would signal that a bottom is forming.