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))
Probing Thursday’s 1.1700high overnight was retraced already into Friday’s open, and the morning extended down to test the 1.1645 sell signal.

Gold Dec Contract (GC, ETF: (GLD))
Probing overnight shallowly back above the 1209.50 buy signal was rejected even more substantially than was Wednesday’s probe, testing the 1201.50 sell signal.

Silver Dec Contract (SI, ETF: (SLV))
Attacking the 14.33 buy signal again was rejected through Friday morning down to 14.10. Unless another rally were attempted coming out of the weekend, a drop to fresh lows is now likely.

30-year Treasury Dec Contract (US, ETF: (TLT))
Potential for forming a bottom wasn’t exploited as Friday’s open gapped down to and through Tuesday’s 142-00 close that already had held a test at Thursday’s open. The close under a multi-session range is a breakout, which a second consecutive lower close Monday would confirm. But the proximity to prior lows enables early strength Monday to test 142-26.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Attacking the 67.80 sell signal to within 15 cents Friday morning was recovered to probe momentarily above the 69.50 pullback limit. Its recovery through the close would  target a retest of 71.20, probably through 71.40.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Greeting Thursday’s EIA report from a position of strength didn’t ensure any reaction, let alone triggering the 2.87 buy signal which held. Nor has it prevented a break back down toward Monday’s 2.75 low.