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 down Wednesday was shallow enough not to trigger a new downleg. But it also didn’t confirm or resume any previous recovery attempt. The bottoming potential remains intact.

Gold Dec Contract (GC, ETF: (GLD))
Having held 1082.00 resistance again Tuesday, dipping back to the lows Wednesday makes a break lower likely. Probably not a shallow break, but potentially brief to react up sharply into a steep corrective bounce.

Silver Dec Contract (SI, ETF: (SLV))
Neutralizing the attraction below at Monday’s gap down helps to form a bottom, even if only for a corrective rally.

30-year Treasury Dec Contract (US, ETF: (TLT))
Still not extending higher Wednesday is still not a sell signal, which would be triggered under 154-10. The rally can extend higher meanwhile.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping down slightly Wednesday was not extended and didn’t last long before bouncing back into Tuesday’s range. That must qualify as the entire correction at this stage of the pattern if its basing is going to launch a rally leg.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Gapping down Wednesday was recovered again, bouncing back into positive territory but stopping at the 2.23 buy signal that would launch a rally leg.