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))
Not yet breaking back under 1.2750, a bounce back into the 1.2835-1.2880 range was likely. And Friday did probe it, but just above the lower-end and not at all attacking its upper-end before returning to 1.2750, not yet resolving the pattern.

Gold Dec Contract (GC, ETF: (GLD))
A brief fresh pullback low Friday morning was retraced as quickly, but only to range sideways through the day. Having avoided a break back under 1231.00 for so long, fresh highs are likelier, presumably up to 1259.00.

Silver Dec Contract (SI, ETF: (SLV))
The week ended with Silver nestled quietly in its 17.25-17.40 range, which has been part of each session throughout this pattern.

30-year Treasury Dec Contract (US, ETF: (TLT))
Fresh lows Friday recovered back above 142-28, but not back above 143-16 which would have signaled the reversal”s momentum had lapsed.

Crude Oil Nov Contract (CL, ETF: (USO))
Firming overnight was brief as Friday”s session returned to the 82.50 support that must hold to maintain the recovery”s momentum.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Friday”s blip-down to 3.71 was recovered back above Thursday”s 3.76 low, which was itself a brief dip under prior lows that had recovered to 3.83 resistance. The decline may have no momentum, but that doesn”t equate to being a buy signal without recovering 3.87.