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))
Despite rejecting the brief probe above 1.17855‘s prior high Tuesday by reversing it to close under 1.1745, Wednesday’s price action only ranged narrowly, still needing to break under 1.1720 to launch a downleg.

Gold Dec Contract (GC, ETF: (GLD))
Wednesday continued bouncing around within the 1210.50-1209.50 range whose break would be likely to trend in that direction.

Silver Dec Contract (SI, ETF: (SLV))
Momentary strength Wednesday tested the 14.33 buy signal, which otherwise held as resistance to keep alive the potential for probing fresh lows.

30-year Treasury Dec Contract (US, ETF: (TLT))
Sharply lower lows Wednesday fell to 139-23, the lowest levels since May’s bottom. The trend remains down so long as bounces close under 140-04, which was being tested Wednesday afternoon.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Greeting Wednesday’s EIA report from a position of strength was rewarded by rallying through the 70.35 filled gap up to 71.05, all but ensuring the 71.40 prior high will be retested.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Wednesday only consolidated Tuesday’s surge that had peaked at 2.93. But holding 2.91 keeps alive the surge’s upside momentum, greeting Thursday’s EIA report from a position of strength.