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 Sep Contract (EC, ETF: (FXE, UUP))
Thursday morning’s surge is a credible first effort at rejecting the current lows. Closing above 1.0785 for two consecutive sessions would help to reverse momentum up.

Gold Dec Contract (GC, ETF: (GLD))
Thursday morning’s lows at 1073.00 fulfilled the decline’s outstanding 1074.50 objective. Reacting up almost instantly to 1089.00 at least reflects how much selling pressure had been neutralized. But closing above 1082.00 to actually begin sealing a bottom must still be confirmed.

Silver Dec Contract (SI, ETF: (SLV))
Having extended its drop while Gold was ranging, their roles were somewhat reversed Thursday morning. But now rallying simultaneously would confirm each other’s trend reversal.

30-year Treasury Dec Contract (US, ETF: (TLT))
Bouncing Thursday into the afternoon’s auction stopped short of reversing the trend up, leaving outstanding the likelihood for probing fresh lows.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Meeting the outstanding 43.00 target Wednesday didn’t prevent extending down Thursday well under 42.00, heading to 39.95 so long as bounces now hold any test of 42.75.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Thursday’s consolidation under 2.31 ahead of Friday’s delayed EIA report doesn’t greet it from a position of strength. But a reaction up through both 2.31 and 2.37 would be credible for sealing a bottom and reversing the trend up.