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))
Intraday weakness Wednesday didn”t hold the optimal 1.2460 pullback limit as support, and the 1.2495 buy signal wasn”t recovered. Rallying Thursday morning would be credible for extending higher intraday. But there is otherwise no bottoming pattern.

Gold Dec Contract (GC, ETF: (GLD))
.Holding the pullback Monday and recovering resistance Tuesday should have extended higher without delay Wednesday. Wednesday traded flat-to-lower. Delaying the rally”s resumption, and further distancing Friday”s upleg, undermines whether a rally leg is actually underway.

Silver Dec Contract (SI, ETF: (SLV))
No higher highs were probed intraday Wednesday, so no higher highs were rejected. But the rally potential is not indefinite, and hovering off the lows should start extending higher to avoid resuming the decline.

30-year Treasury Dec Contract (US, ETF: (TLT))
Gapping up above 141-09. and 141-14 Wednesday was the earliest  optimal signal that the recent flat-to-lower ranging has ended.

Crude Oil Dec Contract (CL, ETF: (USO))
Flat-to-lower narrow ranging avoided recovering Wednesday, while also keeping in-play the decline”s 75.40 target.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
After holding the 4.25 buy signal Tuesday, the 4.12 pullback limit was retested overnight and into Wednesday”s open.