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))
Tuesday’s fresh low intraday under 1.1500 was still above the fresh low overnight under 1.1490. And the session bounced back into negative territory, although never back above Monday’s highs. The 1.1395-1.1430 objective remains intact.

Gold Dec Contract (GC, ETF: (GLD))
Reversing down from testing the lower-end of the 1236.00-1241.00 bounce target had repeatedly held 1222.50. Surging overnight tested the target’s upper-end to 1243.00 before dipping back down to 1236.00. Closing under 1236.00 would reverse the trend back down.

Silver Dec Contract (SI, ETF: (SLV))
Still testing 14.60 support kept alive potential for another bounce, or simply to retest last week’s test of 14.80. Tuesday’s gap up there ranged flat-to-lower intraday, still needing to close under 14.60 to reverse the trend back down.

30-year Treasury Dec Contract (US, ETF: (TLT))
Gapping up to the 138-18 buy signal extended up to 139-07 as stocks continued sliding. That was retraced back down to the open’s gap as the stock slide began reversing. Closing AT the relevant level instead of below or above it keeps the door open to resolving either way. Filling the gap first back down to Monday’s close below would be more bullish for forming a bottom.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The 73.90 sell signal extended even deeper during Tuesday’s $3 drop to 65.75. Reversing up immediately wouldn’t be credible, and bounces are meanwhile likely to hold a test of 67.25 as resistance.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Gapping up Tuesday to 3.15 extended another dime to attack 3.24 and nearly fill the gap back up to Friday’s close, which is meanwhile resistance, and likely to push back down..