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))
The new week was greeted with a bounce to 1.2495 resistance, which held, preventing momentum from reversing up. The 1.2400 area continues to be a relevant area of support, but not recovering from it soon would become increasingly likely to extend the decline.

Gold Dec Contract (GC, ETF: (GLD))
Monday”s intraday weakness didn”t reverse momentum back down under 1159.50. The weakness needs to be confined to the one session, and the rally should resume Tuesday, unless Friday”s bounce was just a one-day wonder doomed to failure.

Silver Dec Contract (SI, ETF: (SLV))
Monday”s shallow pullback and narrow ranging keeps alive potential for the recent dip”s recovery to be a more substantial rally leg..

30-year Treasury Dec Contract (US, ETF: (TLT))
Sunday night”s strength up to 142-08 didn”t help Monday to probe any higher than 142-00, or to avoid dipping intraday back down to 141-00. There is still no sell signal, and a buy signal still depends on closing above 141-12.

Crude Oil Dec Contract (CL, ETF: (USO))
Overnight strength probing above the 78.70 bounce limit was retraced and almost reversed Monday, as the 75.40 target remains outstanding and in-play.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Dipping back down to 4.25 expended as much selling pressure as was possible without gaining traction for the effort. Back above 4.37 would resume the rally.