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) Inside day, no new info.

Gold Dec (GCZ) Friday’s “ineffectual pessimism” was likely to resolve up. The gap up and intraday trending to attack 1800.00 makes its probe likely. This has been the next higher objective, so weakness there could trigger a more sizable decline.

Silver Dec (SIZ) Further strength Monday stopped short of filling the gap back to its 35.50 target test, which should be probed intraday by fresh highs.

30-year Treasury Dec (USZ) Monday’s firming keeps alive potential for retesting last week’s 143’04 overnight highs.

Crude Oil Dec (CLZ) Testing of 94.00 resistance is probing fresh highs with potential up to 96.65 before reversing down. Any higher would gain traction to become a new upleg. Closing back under 93.75 would signal the trend had reversed down already.

Natural Gas Dec (NGZ) Monday’s gap down to new relative lows confirms the prior two sessions’ complex pattern. But the gap down makes a recovery difficulty if not also unlikely.

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