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 retest of the longstanding 1.1394-1.1430 target area extended down without delay overnight. The second consecutive lower close confirms the breakout, and now requires at least an eventual third lower close.

Gold Dec Contract (GC, ETF: (GLD))
Extending down overnight confirmed Tuesday’s break under the 1228.00 sell signal, which now requires at least an eventual third lower close.

Silver Dec Contract (SI, ETF: (SLV))
Wednesday’s open gapped down under the rising channel’s lower-end, down to its last touch under 14.30. This sequence can repeat indefinitely and extend down again, although a second consecutive lower close would at least confirm the decline remains intact.

30-year Treasury Dec Contract (US, ETF: (TLT))
Still no catalyst for a flight-to-safety Wednesday, allowing the pullback to continue back to 138-04. Its break would still essentially seal a top to the bounce, so holding it all but relies upon stocks reversing back down.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Initially firming in reaction to Wednesday’s EIA, the session ultimately only ranged narrowly around unchanged. Back above 67.95 would trigger a new upleg.

Natural Gas Dec Contract (NG, ETF: (UNG, UNL))
Gapping back up Wednesday extended higher intraday to test the 3.25 buy signal that Tuesday’s open had chipped away at. Thursday’s EIA report is being greeted from a position of strength.