Daily Spot

A daily summary of high-profile members of several complexes…[pay] View a more detailed discussion of each chart at the end of today’s Market Wrap.

Today’s Highlight Gold is pushing the limit of its rally. So is Crude Oil, and the long-bond. Someone’s not telling the truth.

Dollar Basket Jun Contract (DX, ETF: (UUP, UDN))
Duplicating Friday’s action Monday morning wasn’t retraced in the afternoon. A fresh low is still all but require to form a durable bottom.

Eurodollar Jun Contract (EC, ETF: (FXE))
Monday’s open attacked the test of 1.3800 support, and so did the balance of the session. There is no requirement to fill the gap back to Friday’s close above. Its break would extend the decline, and fast.

Gold Jun Contract (GC, ETF: (GLD))
The 1317.00-1323.50 resistance finally broke higher Monday, testing 1330.00 overnight. It wasn’t exceeded intraday, a lack of follow-through that must be resolved by trending intraday.

Silver May Contract (SI, ETF: (SLV))
Gapping down was recovered Monday bounced sharply off of 19.75 support to avoid closing negative. That also created a requirement to extend higher with almost no delay to avoid a more durable break lower.

30-year Treasury Jun Contract (US, ETF: (TLT))
The flight-to-safety has run its course, but pullbacks Monday still avoided touching the critical 134-06 support that had attracted price higher during the latest rally leg. That optimism suggests that the next downleg could begin abruptly.

Crude Oil May Contract (CL, ETF: (USO))
Fresh highs overnight tested 104.55 which wasn’t repeated intraday. It should be. And that retest’s resolution would all but determine the pattern’s next objective, and even its direction.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
The 4.55 pullback target was revisited by gapping down to test it. Closing any lower would target 4.37, but it is premature otherwise to add a buy signal.

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