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, UUP))
Trading flat-to-lower Monday wasn’t really lower, and certainly didn’t extend down. Any initial strength Tuesday would be credible for extending higher intraday.

Gold Feb Contract (GC, ETF: (GLD))
Friday’s break under its Descending Triangle had not extended down intraday, and it was retraced Monday. Friday’s opening gap under all prior lows still requires being filled, but now the origin of that retest suggests that a bottom will form from it.

Silver Mar Contract (SI, ETF: (SLV))
Monday’s narrow ranging reflected its prior week’s gap down having been filled already to neutralize its attraction below. Perhaps it also reflects that the any delay to recovering is from waiting for Gold to form a bottom.

30-year Treasury Dec Contract (US, ETF: (TLT))
Flat-to-flatter ranging ranged narrowly Monday, too high to stretch the rubber band above 156-00 for snapping back down, and seemingly not even contemplating dipping through the 154-10 sell signal.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Resuming or extending the rally could be dismissed Friday for the thinner participation, but there isn’t much excuse for the basing pattern not yet to have broken higher.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Friday’s gap down wasn’t rejected Monday as price ranged narrowly around it intraday.