Daily Spot

Eurodollar Dec Contract (EC, ETF: (FXE))
Monday morning”s fresh lows fulfilled the vulnerability to duplicating Friday”s trending. Bounces have room up to 1.2560-1.2585 before suggesting the drop has lost its momentum. Lower bounce limits will be calculable 1-2 days off of Monday”s fresh low.

Gold Dec Contract (GC, ETF: (GLD))
The decline”s longstanding 1167.50 target had reached out magically to stop Friday”s plunge. Its influence has bridged the coincidental by continuing to contain price action Monday. That”s not necessarily a bottom, but it is an opportunity for at least a corrective bounce to 1187.50, triggered by closing above 1172.50.

Silver Dec Contract (SI, ETF: (SLV))
Friday”s early morning test of the 15.65 target could still be retested, and should be retested intraday so long as 16.18 isn”t recovered.

30-year Treasury Dec Contract (US, ETF: (TLT))
Renewed selling pressure Monday retested prior lows momentarily before returning to unchanged. But that doesn”t equate to momentum reversing up, which still requires closing back above 141-18.

Crude Oil Dec Contract (CL, ETF: (USO))
Spiking up intraday in reaction to to favorable Saudi news didn”t produce more than noise within Friday”s range 79.50-80.70 range.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
The rally had gapped up Friday after holding its own against Thursday”s EIA report. It gapped up again Monday to fresh highs to touch “prior highs” and to fill a gap. Any hesitation should be only temporary before extending higher.