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 Jun Contract (EC, ETF: (FXE, UUP))
Sunday night’s stock market volatility and even Crude Oil volatility was ignored as Friday’s bounce simply maintained 1.1235 resistance. Its break should have little difficulty exceeding 1.1250 if the bottoming is valid.

Gold Jun Contract (GC, ETF: (GLD))
Gapping up and probing Friday’s high Sunday night up to 1287.50 struggled to maintain and ultimately reversed back into negative territory at 1278.00, but still recovered into positive territory above 1281.50.

Silver Jul Contract (SI, ETF: (SLV))
Barely blipping-up Sunday night to 15.00 reacted down into negative territory at 14.77, but recovered the 14.82 buy signal. Any recovery at all is problematic with a fresh low close outstanding under 14.55.

30-year Treasury Jun Contract (US, ETF: (TLT))
Stock market collapse triggered a flight-to-safety and a gap up to 148-06 within prior price action. Probing higher to 148-24 was reversed back down to 147-21, which should break along with 147-14 to signal the bounce was only a detour and that 145-24 remains in-play.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Economic weakness anticipated by escalating the China trade war had triggered a gap down Sunday night under Thursday’s 60.95 low to 60.05. Perhaps the other news of US battleship assets being moved closer to Iran helped price recover back to unchanged at 62.00, and then into positive territory at 62.75 and easily positioned to trigger the 63.25 buy signal Tuesday if a bottom has formed.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Narrow unchanged ranging around 2.56 Sunday night suddenly broke lower Monday to test 2.51, still having room down to 2.49 before suggesting the recent rally is just being corrected but reversed.

.