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))
Friday’s reversal from fresh bounce highs back into negative territory tried extending deeper Sunday night to trigger the 1.1400 sell signal, but only to bounce Monday. Friday’s 1.1475 gap up could be tested before suggesting any greater upside.

Gold Dec Contract (GC, ETF: (GLD))
Flat-to-lower ranging at or around the 1228.50 sell signal into Monday’s open, and any lower close would be credible for extending down without delay.

Silver Dec Contract (SI, ETF: (SLV))
Monday’s break under the 14.70 sell signal fell to prior support at 14.60, where a bounce up to 14.70 was retraced to attack 14.60. A second consecutive lower close Tuesday would confirm another downleg attempt underway.

30-year Treasury Dec Contract (US, ETF: (TLT))
Gapping up and firming slightly Monday avoided extending lower, which helps to consider Friday’s drop as being an isolated temporary reaction to the Employment Situation report, and not necessarily disengaging from the recent inverse correlation to stocks.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Sunday night’s fresh lows attacking 62.50 were recovered in time to isolate the probe under the 63.20 pullback limit, allowing a recovery to form if triggered above 64,65, and confirmed without delay Tuesday.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Repeatedly testing the 3.25 buy signal last week never extended higher into the weekend. But holding the 3.17 pullback limit Friday morning and recovering to close again above 3.25 was rewarded Sunday night, compensating for the delay by gapping up above all prior highs to 3.50-3.57. Pullbacks have room down to 3,36-3,42 while maintaining upside momentum.