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 Dec Contract (EC, ETF: (FXE))
Not holding the 1.2505 pullback limit Wednesday was apparently a big deal, since the reaction to Thursday morning”s ECB/Draghi news triggered a quick slide down to 1.2400. There is no current buy signal.

Gold Dec Contract (GC, ETF: (GLD))
Wednesday”s extended drop to the 1139.50 target entered another narrow range like the 1167.50 target initiated. No second consecutive lower close Thursday does open the door to this being the initial false break down that recovers.

Silver Dec Contract (SI, ETF: (SLV))
Thursday”s narrow ranging followed an early probe of fresh lows down to 15.20 that was quickly retraced so as not to extend Wednesday”s drop.

30-year Treasury Dec Contract (US, ETF: (TLT))
Still no distributive pattern, but still no end to testing and retesting recent lows. That said, at least an obligatory temporary probe under 140-14 is getting likelier without surging immediately in reaction to Friday”s Employment Situation report.

Crude Oil Dec Contract (CL, ETF: (USO))
Wednesday”s test of the 78.70 bounce limit didn”t extend higher Thursday, as the 75.40 target remains in-play.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Thursday”s EIA report triggered a dip that only attacked 4.10 support to within 1-cent before reversing up to fulfill the 4.25 target”s intraday test, probing the high of its overnight test by at least 1-cent to test 4.32.