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))
Thursday’s break higher tested its 1.1865 bounce limit overnight, and largely held within Thursday’s 1.1825-1.1855 range intraday Friday. Closing back under 1.1785 would now signal the trend reversing down.

Gold Dec Contract (GC, ETF: (GLD))
Friday’s extension above 1209.50 to 1215.80 was absorbed before the open, disqualifying it as early strength which otherwise would have become a new upleg. The effort was undermined by a collapse to 1196.00 that ended the day testing thee 1201.50 sell signal.

Silver Dec Contract (SI, ETF: (SLV))
Overnight probing above the 14.33 buy signal had extended to 14.46 but its pre-open retraement eventually collapsed to uptrending support at 14.18 before ending back at the 14.33 buy signal.

30-year Treasury Dec Contract (US, ETF: (TLT))
All but confirming that closing above 140-04 had ended the decline’s momentum, Friday ranged narrowly sideways, still having room for a bigger corrective bounce before retesting the lows.

Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping back up Friday probed a slightly higher high up to 71.80 that was retraced back into Thursday’s range to fill the gap down to Thursday’s 70.20 close. Closing positive on the day but within Thursday’s range doesn’t fulfill the outstanding requirement for at least an eventual third higher close.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Thursday’s surge to 2.99 was consolidated narrowly into the weekend, forming a Flag which is a continuation pattern that usually resolves up to resume the trend.