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 Dec Contract (EC, ETF: (FXE, UUP))
Monday’s gap up back above Thursday afternoon’s low still produced only an “inside day” compared to Friday’s range. Its upward bias suggests the first range break will trend downward. Closing under 1.1720 would launch a downleg.

Gold Dec Contract (GC, ETF: (GLD))
Monday’s gap up above the 1201.50 sell signal peaked at the 1209.50 buy signal without triggering either.

Silver Dec Contract (SI, ETF: (SLV))
Monday’s choppiness hardly threatened to trigger the 14.33 buy signal, which essentially defaults to being bearish and targeting fresh lows.

30-year Treasury Dec Contract (US, ETF: (TLT))
Gapping down Monday to fresh lows at 141-08 was recovered to fill the gap back up to Friday’s 141-22 close. The 141-08 gap open under all prior lows will want to be retested from above before a durable rally can begin, and meanwhile the decline’s momentum remains intact.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Retesting the 69.50 buy signal into and out of Monday’s open still didn’t trigger it. But momentum hasn’t reversed down until closing back under 67.80, so breaking higher by Tuesday morning would still be credible for extending.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Gapping up and firming intraday tested the lowered 2.83 buy signal. Recovering it through the close and then subsequently also recovering 2.87 would signal and confirm a new upleg underway.