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))
Rallying overnight and gapping up to test 1.1400 was reversed down through the morning to test negative territory, potentially to produce a second consecutive lower close that confirms the sell signal which began breaking last Tuesday.

Gold Dec Contract (GC, ETF: (GLD))
Sunday night’s bounce held 1228.50 to reverse back down Monday morning. But the 1220.50 sell signal continued to hold, as it had during the two prior sessions.

Silver Dec Contract (SI, ETF: (SLV))
Rallying Sunday night above the 14.32 sell signal was erased by Monday’s open, and its reversal extended into negative territory through the morning.

30-year Treasury Dec Contract (US, ETF: (TLT))
Friday’s failed probe above Tuesday’s prior highs continued reversing down Sunday night, testing the 139-22 sell signal near Monday’s open. Holding its support maintains the rally’s potential to extend.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping up and firming Monday morning was shallower than the two prior plunges’ immediate reactions, suggesting that pessimism may be reaching levels capable of forming a bottom. Regardless, no recovery would be credible for completing a bottom without first probing under Friday’s 50.15 lows intraday.

Natural Gas Dec Contract (NG, ETF: (UNG, UNL))
Thanksgiving lows didn’t qualify for triggering the 4.38 sell signal. But their reaction up stopped short of triggering the 4.59 buy signal before gapping down Sunday night to probe fresh lows at 3.99. A second consecutive lower close Tuesday would confirm.