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))
Monday’s firming extended Friday’s bounce back up to ~1.0950 higher prior lows. The decline should resume without further delay Tuesday if 1.0750-1.0785 remains in-play.

Gold Feb Contract (GC, ETF: (GLD))
Extending higher Sunday night extended through 1074.00 resistance Monday morning to attack 1081.50. Closing above 1077.70 would signal a new upleg underway.

Silver Mar Contract (SI, ETF: (SLV))
Firming Sunday night above the 14.10 area extended to test 14.35 resistance, whose recovery would signal a new upleg underway.

30-year Treasury Jan Contract (US, ETF: (TLT))
Narrow ranging Sunday night and Monday morning gravitated back up to Friday’s 156-26 highs. Closing above 157-04 would signal a new upleg underway.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh lows Sunday night failed to duplicate Friday’s recovery effort, gapping down Monday and spending the session essentially ranging in negative territory under all prior lows. This would prove to be “ineffectual pessimism” if Tuesday’s open were firm, and would be expected to trend up.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Monday’s gap up to 1.82 resistance extended through the 1.85 buy signal and trended up to 1.94. A double top there on diverging RSIs won’t tolerate a pullback deeper than 1.85 to maintain the recovery.