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))
Gapping down Thursday bounced before even touching Wednesday’s low, essentially forming an inside day. A fresh high would still contend with 1.1400 resistance, but retesting the 1.1245-1.1275 lows first could form a durable bottom.

Gold Dec Contract (GC, ETF: (GLD))
Wednesday’s close was testing 1210.00 on its way up to 1217.00, which was retested overnight but not exceeded Thursday as price hovered just below it Resistance at 1219.00-1222.00 must hold to maintain this is only a temporary corrective bounce.

Silver Dec Contract (SI, ETF: (SLV))
Wednesday’s bounce extended overnight up to the 14.25 resistance of Friday’s gap down and previous “higher prior lows.” It was all retraced into the open, and then recovered intraday to probe another nickel higher. Resistance at 14.35 is likely to be tested, and likely to launch the next downleg if tested.

30-year Treasury Dec Contract (US, ETF: (TLT))
Rising stocks didn’t need the destination of a flight-to-quality, so probing higher Thursday up to 139-14 was retraced into negative territory. The trend didn’t reverse down, but the opportunity to confirm Wednesday’s rally had failed.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Thursday’s close didn’t maintain a shallow but favorable knee-jerk reaction to the one-day delayed EIA report, essentially ending the day at its 56.50 open and still being likely to probe under Monday’s 54.75-55.55 lows.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
A probe above Wednesday’s 4.93 spike high was avoided before reversing down sharply to 3.93 Thursday. Which still confirms the exhaustive nature of the rally, but held above the 4.03 “lower prior high” to avoid reversing the trend down.