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))
Not rejecting but hovering Thursday at the 1.1400 resistance tested by Wednesday’s rally suggests that a low is forming, and that pullbacks will likely recover to fresh highs.

Gold Dec Contract (GC, ETF: (GLD))
Wednesday’s surge tried overnight to extend higher but spent Thursday hovering around the surge’s highs, keeping alive potential for dropping back under 1220.50 to resume the decline.

Silver Dec Contract (SI, ETF: (SLV))
Flat but choppy ranging Thursday didn’t confirm Wednesday’s surge as having gained traction, so almost any initial weakness Friday would be likely to extend down intraday.

30-year Treasury Dec Contract (US, ETF: (TLT))
Already more than one session beyond the 139-22 sell signal being rendered moot, rallying Wednesday night probed fresh highs. Which also reinstates the 139-22 sell signal if triggered — which Thursday’s reaction down from gapping up is threatening to attack.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
An aggressive blip-down to fresh lows into Thursday’s open was recovered back up into the range above last Friday’s close to continue forming a bottom. Reacting back up to Wednesday’s highs is threatening to launch a rally leg by closing any higher.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Thursday’s EIA report was greeted from a position of strength that enabled its reaction down to hold a test of the 4.44 buy signal, recovering to test the 4.63 confirmation and resume the rally targeting fresh highs above 5.00.