Daily Spot

A daily summary of high-profile members of several complexes…[pay] View a more detailed discussion of each at the end of today’s Market Wrap.

Dollar Basket Dec (DXZ) Cutting it close. Barely held on to Monday’s signal through Tuesday’s close after the late-day volatility, but follow-through Wednesday is required.

Gold Dec (GCZ) Context is king. Big gap down Tuesday and drop to new relative lows at 1628.00 confirms the past week’s testing of 1681.50 resistance has been distribution.

Silver Dec (SIZ) Close, but no cigar. Yet. Gapping down sharply Tuesday probed fresh lows. The intraday loss was recovered substantially, stopping short of the 32.00-32.50 range.

30-year Treasury Dec (USZ) Still seems heavy. Probing above 140’06 resistance failed to close higher Tuesday, further suggesting that much bigger selling is on its way.

Crude Oil Nov (CLX) Not exactly a gusher. Friday’s recovery to prior highs didn’t extend higher Monday, but Tuesday’s session belatedly resumed the rally to fresh highs. A second consecutive higher close would confirm the breakout.

Natural Gas Nov (NGX) Square-one, again. Tuesday’s retracement back down to Friday’s 3.57 breakout point gives the pattern an opportunity to attempt another breakout. Recovering from a fresh low Wednesday to close back above 3.62 would greet Thursday’s EIA report from a healthy position.

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