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))
Gapping up slightly Wednesday didn’t prevent probing intraday back under Tuesday’s lows. But that did create the basis for a Pivot Reversal which would be triggered by closing back above the morning’s high.

Gold Dec Contract (GC, ETF: (GLD))
Choppy overnight ranging was relatively narrow, and Wednesday’s post-open action didn’t extend in either direction.

Silver Dec Contract (SI, ETF: (SLV))
Gapping down Wednesday probed under Tuesday’s low, which had recovered to overlap the range’s lows at the close. Closing positive would be the earliest confirmation that a bottom was forming.

30-year Treasury Dec Contract (US, ETF: (TLT))
Choppy action nevertheless remained within the 152-16-154-10 range which is only noise until broken.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Wednesday’s probe of fresh lows officially fulfilled the decline’s 39.95-40.00 target whose attack had already produced a bounce to 42.00. Just closing back above 41.05 would now start to signal momentum reversing up into an upleg.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Testing 2.41 resistance pre-open reacted down intraday to attack 2.31. Closing above 2.37 and 2.41 would be increasingly bullish.