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) Sunday night’s gap down soon reversed up sharply, closing above 77.35 to resume the rally. A second consecutive higher close Tuesday would confirm.

Gold Dec (GCZ) The recovery stopped short of probing 1800.00, let alone touching it, but not by much. If 1800.00 were probed again before launching a new downleg, then it would be done by noise. There is otherwise room back down to 1755.00.

Silver Dec (SIZ) The 61.8% retracement range remains intact to prevent sellers from gaining traction. Closing under Monday’s low Tuesday would start to suggest a temporary downleg may appear before probing fresh highs above 35.50, which otherwise remain in-play.

30-year Treasury Dec (USZ) Sunday night’s probing under 140’16 was recovered as stocks began reversing down overnight. A probe above 143’04 remains likely, although the gap back to 142’16 may end the bounce upon being filled.

Crude Oil Dec (CLZ) Friday’s new recovery highs were retraced entirely Monday by gapping down and spending the entire session in negative territory. But it was “ineffectual pessimism” since it did not gain traction, ending the day while still testing Friday’s lows as support.

Natural Gas Dec (NGZ) Friday’s action was duplicated on Mondays, as this market tends to do. Similar to Friday, Monday’s open gapped down and trended further to new lows.

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